Assume that both charities are private not$-$for$-$profit hospitals. During the year, each performs an appendectomy on one of its patients.

The cost of the operation to each hospital is $$76,000,$ but the normal charge to the patient is $$100,000.$ Neither hospital's patient is insured.

Charity A gives implicit price concessions and hopes to collect $$30,000.$ However, by yearend, it has given up on collecting any amount for the procedure.

Charity $B$ assumes from the beginning that receipt of any amount is impossible and makes no efforts to collect.

Complete the matching below for the accounting by the charities for the appendectomies.

Reports revenue of

$$30,000$ and bad debt expense of $$30,000$

No related amounts reported

Overall effect of the two charities' accounting