P8-29A (similar to) At September 30, 2018, the accounts of East Terrace Medical Center (ETMC) include the following: 140,000 Accounts Receivable Allowance for Bad Debts (credit balance) 3,600 i Requirements 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 East Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet. 3. Print Done 0 More Info Sales on account, $440,000. Ignore Cost of Goods Sold. Collections on account, $374,100 Wrote off accounts receivable as uncollectible: Raja Co., $1,800; Oscar Waters, $1,000; and Parket, Inc., $600. Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts Accounts Receivable 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 105,000 $ 37,000 $ 15,000 $ 45,500 0.2% 2% 20% 25% Estimated percent uncollectible Print Done