(Solved by Humans)-See attachment please. a. For May 2013, Carlington Hospital's
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See attachment please.
a. For May 2013, Carlington Hospital's charges for patient services were $608,000, of which 80% was billed to third-party payors. Prepare the journal entry to accrue patient charges for the month.?
b. For the month of December 2013, patient charges at Northfield Hospital (a not-for-profit hospital) were $2,720,000. Third-party payors were billed $1,800,000.$520,000 of the $2,720,000 was expected to be uncollectible.Prepare the necessary journal entry to record the anticipated uncollectible amount. |
c. For the month of December 2013, patient charges at Northfield Hospital (a not-for-profit hospital) were $2,720,000. Third-party payors were billed $1,800,000.In this month, there were several patients that had no health insurance and due to their low income level, the hospital decided that $85,000 of receivables would not be collectible.Prepare the necessary journal entry to reflect the decision to consider the $85,000 as charity care. |
d.?
Dura Foundation, a voluntary health and welfare organization dedicated to finding medical cures and supported by contributions from the general public, included the following costs in its Statement of Functional Expenses for the year ended December 31, 2013: | |||||||||||
The following
are separate
and
independent
situations
andservices
have nowere
relationship
with
each other.
For items
May 2013,
Carlington
Hospital's
charges
for patient
$608,000,
of which
80% was billed to third
a.
journal entry to accrue patient charges for the month.
b.
For the month of December 2013, patient charges at Northfield Hospital (a not-for-profit hospital) were $2,720,
billed $1,800,000. $520,000 of the $2,720,000 was expected to be uncollectible. Prepare the necessary journal
uncollectible amount.
c.
For the month of December 2013, patient charges at Northfield Hospital (a not-for-profit hospital) were $2,720,
billed $1,800,000. In this month, there were several patients that had no health insurance and due to their low
decided that $85,000 of receivables would not be collectible. Prepare the necessary journal entry to reflect the
$85,000 as charity care.
d.
Dura Foundation, a voluntary health and welfare organization dedicated to finding medical cures and supported
general public, included the following costs in its Statement of Functional Expenses for the year ended Decembe
Calculate what Dura Foundation should report as supporting service expenses.
hother.
80% was billed to third-party payors. Prepare the
hospital) were $2,720,000. Third-party payors were
re the necessary journal entry to record the anticipated
hospital) were $2,720,000. Third-party payors were
ce and due to their low income level, the hospital
rnal entry to reflect the decision to consider the
cal cures and supported by contributions from the
he year ended December 31, 2013:
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This question was answered on: 10 May, 2025
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