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Requirement 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. Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entries.) Sales on account, $440,000. Ignore Cost of Goods Sold. Collections on account, $335,200 More info - Sales on account, $440,000. Ignore Cost of Goods Sold. - Collections on account, $335,200 - Wrote off accounts receivable as uncollectible: Red Co., $1,100; Orvis Redd, \$750; and Paradise, Inc., $850. - Recorded bad debts expense based on the aging of accounts receivable, as follows: The T-accounts for Accounts Receivable and Allowance for Bad Debts have been opened for you. Enter the opening balances, post the transactions to the two T-accounts, and calculate the ending balances for each account. Use the appropriate posting references for all balances and transactions. At September 30, 2024, the accounts of North Terrace Medical Center (NTMC) include the following: Wrote off accounts receivable as uncollectible: Red Co., $1,100; Orvis Redd, $750; and Paradise, Inc., $850. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts and Explanation & Debit & Credit \\ \hline \multicolumn{4}{|l|}{2024} \\ \hline \multicolumn{4}{|l|}{ Dec. 31} \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Recorded bad debts expense based on the aging of accounts receivable \begin{tabular}{|c|c|c|c|} \hline Date & Accounts and Explanation & Debit & Credit \\ \hline \multicolumn{4}{|l|}{2024} \\ \hline \multicolumn{4}{|l|}{ Dec. 31} \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}

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