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More info Sales on account, $470,000. Ignore Cost of Goods Sold. Collections on account, $432,700 Wrote off accounts receivable as uncollectible: Roho Co., $1,300; Orville Williams, $1,100; and Pogo, Inc., $400. Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts Accounts Receivable Estimated percent uncollectible 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 101,000 $ 38,000 $ 16,000 $ 21,500 0.3% 3% 30% 35% Print Done Xece exaBSQL al entries Requirements e 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts. Show how North Terrace Medical Center should report net accounts receivable on its December 31, 2024, balance sheet. 3. Del Print Done At September 30, 2024, the accounts of North Terrace Medical Center (NTMC) include the following: Accounts Receivable Allowance for Bad Debts (credit balance) s 142,000 4,000 During the last quarter of 2024, NTMC completed t Click the icon to view the transaction) Read the autrement Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Joumatico the transactions (omit explanations) and post to the two accounts. Begin by Journalizing the transactions. Record debito first, then credits. Exclude explanations from journal entries.) Sales on account. $470,000. Ignore Cost of Goods Sold Date Accounts and Explanation Debit Credit 2024 Dec 31 Collections on account, $432.700 Date Accounts and Explanation Debit Credit 2024 Dec 31 Wrote off accounts receivable as uncollectible: Roho Co. $1,300; Orville Williams, $1,100; and Pogo, Inc., $400 Date Accounts and Explanation Debit Credit 2024 Dec. 31 Recorded bad debts expense based on the aging of accounts receivable Date Accounts and Explanation Debit Credit 2024 Dec. 31 Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Post the transactions to the two accounts. Accounts Receivable Allowance for Bad Debts Requirement 2. Show how North Terrace Medical Center should report net accounts receivable on its December 31, 2024, balance sheet Balance Sheet (Partial): Current Assets