W P9-28A (similar to) :.Question Help At September 30, 2016, the accounts of East Terrace Medical Center (ETMC) include the following: During the last quarter of 2016, ETMC completed the following selected transactions: i (Click the icon to view the transactions.) $ Accounts Receivable Allowance for Bad Debts (credit balance) 142,000 3,300 Read the requirements 1,500 Requirement 1. Journalize the transactions. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Dec. 28: Wrote off accounts receivable as uncollectible: Scarlett, Co., $1,500; Owen Reis, $900; and Parket Company $500. Date Accounts and Explanation Debit Credit 2016 Allowance for Bad Debts 2,900 Requirements Dec. 28 Accounts Receivable-Owen Reis 900 Accounts ReceivableScarlett, Co. 1. Journalize the transactions. Accounts Receivable-Parket Company Open the Allowance for Bad Debts T-account, and post entries Wrote off uncollectible accounts. affecting that account. Keep a running balance. 3. Show how East Terrace Medical Center should report net accounts Dec. 31: Recorded bad debts expense based on the aging of accounts receivable receivable on its December 31, 2016, balance sheet. Accounts and Explanation | Debit Credit Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 500 Date 1 part Clear All I remaining Check Answer LUTU - x More Info Dec. 31 7,113 Allowance for Bad Debts Recorded bad debts expense for the period. Dec. 28 Wrote off accounts receivable as uncollectible: Scarlett, Co., $1,500; Owen Reis, $900; and Parket Company $500. 31 Recorded bad debts expense based on the aging of accounts receivable, as follows: Requirement 2. Open the Allowance for Bad Debts T-account, and post entries affecting that accou Calculate the unadjusted balance on the second line of the account. Then post the December 31 ad of the account. If the account.) Age of Accounts Allowance for Bad Debts Accounts Receivable Estimated percent uncollectible 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 101,000 $ 42,000 $ 14,000 $ 5,000 0.3% 3% 30% 35% Print Done Choose from any list or enter any number in the input fields and then click Check Answer. part Clear All Check Answer remaining