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At September 30, 2018, the accounts of Park Terrace Medical Center (PTMC) following: Accounts Receivable $ 144,000 Allowance for Bad Debts (credit balance) During the last quarter of 2018, PTMC completed the following selected transactions (Click the icon to view the transactions.) Read the as 3.600 Requirement 1. Open Taccounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts Begin by journalizing the transactions. (Record debitsrst, then credes. Exclude explanations from journal entries.) Sales on account $400,000. Ignore Cost of Goods Sold. Accounts and Explanation Debit Credit Aounts receivabe Sales Revenue Choose from any list or enter any number in the input fields and then continue to the next question Requirements Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts. Show how Park Terrace Medical Center should report net accounts receivable on its December 31. 2018, balance sheet. Print Done Al September 30, 2018 the following counts of Park Terrace Medical Center (PTMC) include the During the last quarter of 2018, PTMC completed the following selected transactions Click the icon to view the transactions.) Accounts Receivable Allowance for Bad Debts (credit balance) $ 144,000 3.000 Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts, Joumalize the transactions. Com explanations and post to the two accounts Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entries) Sales on account $400,000. Ignore Cost of Goods Sold Accounts and Explanation Debit Credit Accounts Receivable Choose from any list or enter any number in the input fields and then continue to the next question Al September 20, 2018, the accounts of Park Terrace Medical Center following: TMC) include the During the last quarter of 2018. PTMC completed the following selected transact (Click the icon to view the transactions) Accounts Receivable Allowance for Bad Debit credit balance) 144,000 Read the to t s Collections on count, 5301.200 Accounts and Explanation 3w1.200 na Wah Choose from any list or enter any number in the input fields and then continue to the next question At September 30, 2018, the accounts of Park Terrace Medical Center (PTMC) include the following During the last quarter of 2018, PTMC completed Click the icon to view the transactions) wing selecomdramations Accounts Receivable Allowance for Bad Debts (credit balance) Read the requirements Wrote of accounts receivable as uncollectible: Siver, Co. 51.200 Oliver Welch, 51,400 and Pristine, In.. 5400 Date Accounts and Explanation Debit Credit Dec. 31 Allowance for Bad Debes Accounts Receivableiver Co. Recorded bad debts expense based on the aging of accounts receivable Choose from any list or enter any number in the input fields and then continue to the next question More Info fc Sales on account, $400,000. Ignore Cost of Goods Sold. Collections on account, 5391,200 Wrote of accounts receivable as uncollectible: Silver, Co., $1.200: Oliver Welch, 31,400, and Pristine, 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 S 98.000 36.000 $ 17.000 S 800 20% 25% Print Done Ez
