Concentra Medical Center included the following items in its financial statements:

1. How much net income did Concentra earn for the month?

Show two ways Concentra can report receivables on its classified balance sheet. 

Transcribed Image Text:

Allowance for doubtful accounts $ 120 Service revenue Cash 1,150 Other assets $14,400 3.50 Accounts receivable 2,580 Cost of services sold and Accounts payable 1,020 other expenses 12,800 Notes payable 3,280