This Question: 1 pt At September 30, 2024, the accounts of South Terrace Medical Center (STMC) include the following: $ Accounts Receivable Allowance for Bad Debts (credit balance) 140,000 4,000 Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transa Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entri Sales on account, $480,000. Ignore Cost of Goods Sold. Date Accounts and Explanation Debit Credit 2024 Dec. 31 Collections on account, $335,200 Debit Accounts and Explanation Date Credit 2024 Dec. 31 During the last quarter of 2024, STMC completed the following selected transactions: (Click the icon to view the transactions.) Read the requirements. i More Info X . Sales on account, $480,000. Ignore Cost of Goods Sold. Collections on account, $335,200 Wrote off accounts receivable as uncollectible: Scarlett Co., $1,200; Owen Wilson, $1,100; and Rain, Inc., $600. Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 101,000 $ 37,000 $ 17,000 $ 126,900 0.3% 3% 30% 35% Accounts Receivable Estimated percent uncollectible Print Done At September 30, 2024, the accounts of South Terrace Medical Center (STMC) include the following: Accounts Receivable $ 140,000 4,000 Allowance for Bad Debts (credit balance) Wrote off accounts receivable as uncollectible: Scarlett Co., $1,200; Owen Wilson, $1,100; and Rain, Inc., $600. 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. 0 Accounts Receivable Allowance for Bad Debts Acc Requirement 2. Show how South Terrace Medical Center should report net accounts receivable on its December 31, Esti Balance Sheet (Partial): Current Assets: Choose from any list or enter any number in the input fields and then continue to the next question. 0 Requirements st of Good ctible: SC 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts. 3. Show how South Terrace Medical Center should report net accounts receivable on its December 31, 2024, balance sheet. the aging Print Done 5 Days 3 101,000 $ ort net ad Estimarea percent uncollectible 0.3%