St.David's is a not-for-profit business-oriented hospital.What is the journal entry for the following transaction: During the month,gross patient service revenue amounted to $92,656 of which $81,650 was received in cash.Contractual adjustments to third-party payers amounted to $10,000.

Question

Quizplus · Accepted Answer

The Answer of St.David's is a not-for-profit business-oriented hospital.What is the journal entry for the following transaction: During the month,gross patient service revenue amounted to $92,656 of which $81,650 was received in cash.Contractual adjustments to third-party payers amounted to $10,000.

StDavid's Is a Not-For-Profit Business-Oriented Hospital