Homework Week 5 Chapter 08 problems Save score 0 of 1 pt 6

Homework: Week 5 - Chapter 08 problems Save score: 0 of 1 pt | 6017(4 complete) ? | HW Score: 25 48%, 1.78 of 7 P9-35B (similar to) Question Help ? At September 30, 2016, the accounts of Mountain Terrace Medical Center During the last quarter of 2016, MTMC completed the following selected transactions (MTMC) include the following Accounts Receivable Allowance for Bad Debts (credit balance) (Cick the icon to view the transactions.) S 142,000 3,200 Read the requirements Requirement 1. Journalize the transactions. (Record debits first, then, credits Select the explanation on the last line of the journal entry table.) Dec. 28: Wrote off accounts receivable as uncollectible: Red, Co, $1,100, Owen Reis, $900, and Patterson Company $800 Debit Credit Date 2016 Dec 28 Accounts and Explanation

Solution

Req2

Req 3

		DR	CR
Dec-28	Allowance for bad debt	2800
	Account Receivable-Red Co		1100
	Account Receivable-Owen Reis		900
	Account Receivable-Patterson Company	800
Dec-31	Bad Debt Expense	6518
	Allowance for Bad debts		6518
	(6918-400)