Requirements 1. Journalize the transactions (omit explanations). The T-accounts for Accounts Receivable and Allowance for Bad Debts have been opened for you. Post the transactions to the two T-accounts. 2. Show how Park Terrace Medical Center should report net accounts receivable on its December 31,2024 , balance sheet. More info - Sales on account, $410 , 000 . Ignore Cost of Goods Sold. - Collections on account, $335 , 200 - Wrote off accounts receivable as uncollectible: Scarlett Co., \$1,800; Orvis Redd, \$950; and Rain, Inc., $550 . - Recorded bad debts expense based on the aging of accounts receivable, as follows: At September 30, 2024, the acoourts of Park Terrace Medical Centor (FTMC) indude the tollowng Duning the last quarter of 2024. PTMC completed the folowing selected transactions: (Click the icon to viow the transactiort) Read the tequitomonts. Requirement 1. Joumalize the transactions (omt explanabions). The Taccounts for Accourls Recomible and Alowance for Bad Detts have beon opened lor you. Post the transacticns to the two Tacoounts Begn by joumaliang the transactions. (Rocord dobits fint, thon crodits Exdude expianations from joumal entries) Sales on account; $1 , 0 , 000 lgnore Cost of Goods Sold. Collocbons on accouri, $335200 Whote of acoounts rocoivable as uncolectidie- Scarlett Co, 51,600 , Orvis Redd, 5950 , and Ran, inc, 5550
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Requirements 1- Journalize the transactions (omit explanations)- The T.docx
1. Requirements 1. Journalize the transactions (omit explanations). The T-accounts for Accounts
Receivable and Allowance for Bad Debts have been opened for you. Post the transactions to the
two T-accounts. 2. Show how Park Terrace Medical Center should report net accounts receivable
on its December 31,2024 , balance sheet. More info - Sales on account, $410 , 000 . Ignore Cost
of Goods Sold. - Collections on account, $335 , 200 - Wrote off accounts receivable as
uncollectible: Scarlett Co., $1,800; Orvis Redd, $950; and Rain, Inc., $550 . - Recorded bad
debts expense based on the aging of accounts receivable, as follows: At September 30, 2024, the
acoourts of Park Terrace Medical Centor (FTMC) indude the tollowng Duning the last quarter of
2024. PTMC completed the folowing selected transactions: (Click the icon to viow the
transactiort) Read the tequitomonts. Requirement 1. Joumalize the transactions (omt
explanabions). The Taccounts for Accourls Recomible and Alowance for Bad Detts have beon
opened lor you. Post the transacticns to the two Tacoounts Begn by joumaliang the transactions.
(Rocord dobits fint, thon crodits Exdude expianations from joumal entries) Sales on account; $1 ,
0 , 000 lgnore Cost of Goods Sold. Collocbons on accouri, $335200 Whote of acoounts
rocoivable as uncolectidie- Scarlett Co, 51,600 , Orvis Redd, 5950 , and Ran, inc, 5550
