Accounting for uncollectible accounts using the allowance method, and reporting receivables on the balance sheet At September 30, 2012, the accounts of Mountain Terrace Medical Center (MTMC) include the following: 11eb8258_953f_2b7f_bb02_551ce70a000e_SM1625_00 During the last quarter of 2012, MTMC completed the following selected transactions: 11eb8258_953f_2b80_bb02_3de6801344d2_SM1625_00 Requirements 1. Journalize the transactions. 2. Open the Allowance for uncollectible accounts T-account, and post entries affecting that account. Keep a running balance. 3. Show how Mountain Terrace Medical Center should report net accounts receivable on its December 31, 2012 balance sheet. Use the three line reporting format.

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

النسخة 3الرقم المعياري الدولي: 978-0132962339

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

النسخة 3الرقم المعياري الدولي: 978-0132962339

تمرين 6

Accounting for uncollectible accounts using the allowance method, and reporting receivables on the balance sheet
At September 30, 2012, the accounts of Mountain Terrace Medical Center (MTMC) include the following:

During the last quarter of 2012, MTMC completed the following selected transactions:

Requirements
1. Journalize the transactions.
2. Open the Allowance for uncollectible accounts T-account, and post entries affecting that account. Keep a running balance.
3. Show how Mountain Terrace Medical Center should report net accounts receivable on its December 31, 2012 balance sheet. Use the three line reporting format.

التوضيح

موثّق

This exercise requires application of th...