Question

At September 30, 2018, the accounts of Park Terrace Medical Center (PTMC) following: Accounts Receivable $ 144,000 Allowance for Bad Debts (credit balance) During the last quarter of 2018, PTMC completed the following selected transactions (Click the icon to view the transactions.) Read the as 3.600 Requirement 1. Open Taccounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts Begin by journalizing the transactions. (Record debitsrst, then credes. Exclude explanations from journal entries.) Sales on account $400,000. Ignore Cost of Goods Sold. Accounts and Explanation Debit Credit Aounts receivabe Sales Revenue Choose from any list or enter any number in the input fields and then continue to the next question

the requirement is the instructions

Answer 1

1)
Date	Account Titles	Debit	Credit
31-Dec	Accounts Receivables	$ 400,000.00
	Sales Revenue		$ 400,000.00
31-Dec	Cash	$ 391,200.00
	Accounts Receivables		$ 391,200.00
31-Dec	Allowance for Bad Debts	$     3,000.00
	Accounts Receivable—Silver, Co.		$     1,200.00
	Accounts Receivable-Oliver Wetch		$     1,400.00
	Accounts Receivable- Pristline		$        400.00
	Bad debts Expenses (4512 - 600)	$     3,912.00
	Allowance for Bad debts		$     3,912.00
		1-30 days	31-60 days	61-90 days	over 90 days	Total
	Accounts receivable	96000	36000	17000	800	149800
	Estimated % uncollectible	0.20%	2%	20%	25%
	Estimated total uncollectible	192	720	3400	200	4512
	Allowance for Bad Debts
		3600	9/30 Bal
Wrote off	$                                                               3,000.00
		$        600.00	12/31 bal
		$     3,912.00	expense
		$     4,512.00	12/31 bal
	Accounts Receivables
9/30 Bal	$                                                           144,000.00	$ 391,200.00	collection
	$                                                           400,000.00
12/31 bal	$                                                           152,800.00
2)	TERRACE MEDICAL CENTER
	Balance Sheet Partial
	Assets
	Current Assets
	Accounts Recivables	$ 152,800.00
	Less: Allowance for Bad Debts	$   (4,512.00)	$ 148,288.00