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Southern Medical center a not-for Profit hospital billed patients $600,000 for services rendered during the year ended June 30, 2019. The following transactions happened :
Southern Medical center a not-for Profit hospital billed patients $600,000 for services rendered during the year ended June 30, 2019. The following transactions happened : (1) contractual adjustments of $70,000 granted by private insurance companies
(2) uncollectable accounts receivable of $30,000.
(3) Charity care patients $20,000 On the statement of operations prepared for the year ended June 30, 2019, The Hospital should report:
(A) Patient service revenue of? (B) Net Patient service revenue of?
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