A physician performs medical services for a patient on October 20; the total bill for the medical services was $200. The patient makes a co-pay of $20 on October 20, and the insurance company pays the remaining balance of $180 on November 19. On what date(s) will the physician record the revenue for those medical services provided on October 20? (Assume the accrual basis of accounting is used.)

a. $200 of revenue on october 20

b. $180 of revenue on october 20 and the remaining $20 on novembar 19

c. $20 of revenue on october 20 and $180 of revenue on november 19

d. $200 of revenue on november 19

Question

A physician performs medical services for a patient on October 20; the total bill for the medical services was $200. The patient makes a co-pay of $20 on October 20, and the insurance company pays the remaining balance of $180 on November 19. On what date(s) will the physician record the revenue for those medical services provided on October 20? (Assume the accrual basis of accounting is used.)

a. $200 of revenue on october 20

b. $180 of revenue on october 20 and the remaining $20 on novembar 19

c. $20 of revenue on october 20 and $180 of revenue on november 19

d. $200 of revenue on november 19

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A physician performs medical services for a patient on October 20; the total bill for the medical services was $200. The patient makes a co-pay

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