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Integrated Physicians & Associates, an investor owned company, had the following general ledger account balances at the end of 2015. Gross patient service revenue (total
Integrated Physicians & Associates, an investor owned company, had the following general ledger account balances at the end of 2015.
Gross patient service revenue (total charges) 975000$
Contractual discounts and allowances to third party payers 250000$
charges for charity (indigent) care 100,000$
estimated provision for bad debts 50000$
a. construct the revenue section of Integrated Physicians & associates income statement for the year ended december 31,2015.
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