28.For the month of December 2017, patient charges at Northfield Hospital (a not-for-profit hospital) were $2,720,000....
28.For the month of December 2017, 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.
Required:.Prepare the necessary journal entry to record the anticipated uncollectible amount.
Homework Answers
| Accounting Title & Explanation | Debit | Credit |
| Bad debt expense | $520,000 | |
| Allowance for uncollectible & reduced accounts | $520,000 | |
| (To record the anticipated uncollectible amount) |
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28.For the month of December 2017, patient charges at Northfield
Hospital (a not-for-profit hospital) were $2,720,000....
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The hospital cafeteria and gift shop had cash sales of
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