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I can't figure out what I did wrong with Part B - Net Patient Service Revenue. Please help? During its current fiscal year, Evanston General
I can't figure out what I did wrong with Part B Net Patient Service Revenue. Please help?
During its current fiscal year, Evanston General Hospital, a notforprofit health care organization, had the following revenuerelated transactions amounts summarized for the year
Services provided to inpatients and outpatients amounted to $ of which $ was for charity care; $ was paid by uninsured patients; and $ was billed to Medicare, Medicaid, and insurance companies.
Donated pharmaceuticals and medical supplies valued at $ were received and utilized as general expenses.
Medicare, Medicaid, and thirdparty payors insurance companies approved and paid $ of the $ billed by the hospital during the year see transaction
An unconditional contribution of $ was received in cash from a donor to construct a new facility for care of Alzheimer's patients. The full amount is expendable for that purpose. No activity occurred on this project during the current year.
A total of $ was received from the following activitiessources: cafeteria and gift shop sales, $; medical seminars, $; unrestricted transfers from the Evanston General Hospital Foundation, $; and fees for medical transcripts, $
The implicit price concessions increased by $
Required A
Required B
Prepare journal entries for the preceding transactions. If no entry is required for a transactionevent select No Joul Required" in the first account field.
tableNoTransaction,General Journal,Debit,CreditAPatient Accounts Receivable,Cash,theta Patient Service Revenue,theta BGeneral Expenses,ContributionsWithout Donor Restrictions,theta CCash,theta Contractual Adjustments,Patient Accounts Receivable,DCash,theta ContributionsWith Donor Restrictions,ECash,Other Revenues,eFImplicit Price Concessions for Individual Payors,Patient Accounts Receivable,
Required B
Prepare the revenues, gains, and other support without donor restrictions section of Evanston General Hospital's statement of operations for the current year.
tableEvanston General HospitalStatement of Operations partialFor the Current Year,Unrestricted Revenues, Gains, and Other Support:,Net Patient Service Revenue,$Other Revenue,Total Revenues and Gains,
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