St. Josephs Hospital began operations in December 2016 and had patient service revenues totaling $990,000 (based on customary rates) for the month. Of this, $123,000 is billed to patients, representing their insurance deductibles and co-payments. The balance is billed to third-party payers, including insurance companies and government health care agencies. St. Joseph estimates that 20 percent of these third-party payer charges will be deducted by contractual adjustment. The Hospitals fiscal year ends on December 31. Required: 1. Prepare the journal entries for December 2016. Assume that 15 percent of the amounts billed to patients will be uncollectible. 2. Prepare the journal entries for 2017 assuming the following: $104,000 is collected from the patients during the year and $10,000 is written off. Actual contractual adjustments total $196,000. The remaining receivable from third-party payers is collected.

Record the patient service revenues the insurance deductibles and co-payments and the balance billing to third-party payers.

Record the 20 percent third-party payer charges deductible by contractual adjustment.

Record the provision for uncollectible accounts.

Record the amount collected from the patients during the year.

Record the amount written off during the year.

Record the year end adjustment to contractual adjustments-unrestricted.

Record the amount collected from third-party payers.