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- Sales on account, $450,000. Ignore Cost of Goods Sold. - Collections on account, $427,100 - Wrote off accounts receivable as uncollectible: Regan, Co., $1,400;

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- Sales on account, $450,000. Ignore Cost of Goods Sold. - Collections on account, $427,100 - Wrote off accounts receivable as uncollectible: Regan, Co., $1,400; Owen Reis, $800; and Patterson, Inc., $700. - Recorded bad debts expense based on the aging of accounts receivable, as follows: A September 30, 2024, the accounts of Green Terrace Medical Center (GTMC) include the following: During the last quarter of 2024, GTMC completed the following selectod transactions: (Click the icon to view the transactions.) Read the Requirement 1. Journalize the transactions (omit explanations). The Traccounts for Accounts Receivable and Alowance for Bad Debts have beon oponed for you. Post the transactions to the fivo Taccounts Bogin by loumalaing the transactions. (Record debits first, then credits. Exdude explanations from journal entries) Sales on account $450,000. lgnore Cost of Goods Sold Colections an acocunt, $427,100 At September 30, 2024, the accounts of Green Terrace Medical Center (GTMC) include the following: During the last quarter of 2024, GTMC completed the following selected transactions: (Cick the icon to viow the transactlons,) Read the Wrote off accounts receivable as uncollectible: Rogan, Co, $1,400; Owen Reis, 5800 , and Patterson, inc, $700. Pecorded bad debts expense based on the aging of accounts receivable 1. Journalize the transactions (omit explanations). The T-accounts for Accounts Receivable and Allowance for Bad Debts have been opened for you. Post the transactions to the two T-accounts. 2. Show how Green Terrace Medical Center should report net accounts receivable on its December 31,2024 , balance sheet

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