*PERFORM ACCOUNTS RECEIVABLE PROCEDURES INCLUDING: *POST ADJUSTMENTS, PROCESS A CREDIT BALANCE, POST NSF CHECKS, AND POST COLLECTION AGENCY PAYMENTS (Cognitive: AppB VI.CVI.10 and Psychomotor: AppB VI.PVI.2 d, e, g, and h) PERFORMANCE OBJECTIVE Prepare a ledger card: post charges, payments, a returned check for NSF, and a check from a collection agency, making correct notations and calculating a running balance Conditions: Use calculator, pen, and ledger card (Form 52) Scoring: de the points earned by the total possible points Standards Time 30minutes Accuracy: 80 %Or higher Main Procedure Steps 1. Set up a ledger card for established patient Helen Rice (DOB 1/17/58), 212 Pts. Score P/F Hemmingway Road, Woodland Hills, XY 12345; home telephone number: (555) 486-7721; work telephone number: (555) 486-3333; insured with QRS Insurance10 Company, policy No. QRS 212345-678 Enter balance forward of S360.00 2. Enter the charge for a Level IV office visit on 3/16/XX with proper reference 10 and description: compute a running balance, office visit costs $61.51, ref# 99214 3. Enter a notation that the insurance company was billed on 10 3/17/XX for these services and bring down the balance 4. Post the patient payment (check No. 987) on 3/20/XX in the amount of $360 for 10 amount owed; compute a running balance The bank calls, stating check No. 987 is being returned for nonsufficient funds (NSF). Post a reversal of the payment and calculate a new running balance. The 10 5. atient is called and asked to bring in cash or a money order within three da On 3/30/XX, you receive notification from the insurance company that the patient no longer has insurance coverage. Bill the patient for the entire balance and make a notation on the ledger bring down the running balance On 4/30/XX, you send a second statement to the patient indicating "Account is overdue, please pay balance." Make an entry on the ledger and bring down the running balance 6. 10 7. 10 8. On 5/30/XX, you send a third statement to the patient indicating "If payment is 10 not received in five days, your account will be sent to a collection agency." Bring down the running balance 9. On 6/5/XX, you send the account to the Collect 4U Agency. Make a notation on 10 the ledger adjust the entire balance (subtract it from the running balance