wina: Ex cd ov ail Requirements 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, 2018, balance sheet. gy ns gid trie leg Print Done Da 201 More info Sales on account, $400,000. Ignore Cost of Goods Sold. Collections on account, $374,100 Wrote off accounts receivable as uncollectible: Starlight Co., $1,600; Oscar Weiss, $750; and Parket, Inc., $850. 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 $ 43,000 $ 18,000 $ 3,700 Accounts Receivable Estimated percent uncollectible 0.3% 3% 30% 35% At September 30, 2018, the accounts of South Terrace Medical Center (STMC) include the following: During the last quarter of 2018, STMC completed the following selected transactions: (Click the icon to view the transactions.) $ 143,000 Read the requirements Accounts Receivable Allowance for Bad Debts (credit balance) 3,600