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Hollywood Hospital, a private not-for-profit hospital provide $24,000,000 of services to patients during the month of March. The hospital billed insurance companies for 80% with

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Hollywood Hospital, a private not-for-profit hospital provide $24,000,000 of services to patients during the month of March. The hospital billed insurance companies for 80% with the remainder billed to patients. The insurance companies are expected to pay 75% of the amount billed. For amounts billed to patients, 10% will be uncollectible and 15% will be charity care cases. The hospital collected $6,500,000 from insurance companies during March. The hospital also collected $1,800,000 from patients during March Required: 1. Record all of the related journal entries for the month of March

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