receivable, as follows:

Accounts Receivable

Estimated percent uncollectible

1-30

Days

$ 104,000

0.3%

Age of Accounts

31-60

Days

$ 39,000

3%

2. Allowance CR Bal. $8,482 at Dec. 31, 2024

8-45

61-90

Days

$ 14,000

30%

Over 90

Days

$8,000

Requirements

1. Open T-accounts for Accounts Receivable and Allowance for Bad

Debts. Journalize the transactions (omit explanations) and post to the

two accounts.

2. Show how Green Terrace Medical Center should report net

accounts receivable on its December 31, 2024, balance sheet.

35%