1 Svoboda County Regional Medical Center s gross

charges for services

1. Svoboda County Regional Medical Center’s gross charges for services rendered to patients
in 20X8 were $82,000,000. Of this, $2,500,000 was for services rendered to individuals who
were certified by the county as having no means to pay. Also, contractual adjustments granted
on services rendered to insured patients and Medicare patients during 20X8 totaled $4,800,000
by December 31, 20X8, and it was estimated that another $350,000 of contractual adjustments
would be made associated with those services. In addition, the hospital estimated that it will
incur bad debt losses of approximately $3,200,000 associated with the services rendered in
20X8.2. Svoboda County Regional Medical Center received $875,000 of donations in 20X8 to
be used to cover the cost of charity services provided to patients who do not have sufficient
means to pay for the needed medical care.Requireda. Prepare the general journal entries that
Svoboda County Regional Medical Center should make to record these transactions.b. Prepare
the portion(s) of the Svoboda County Regional Medical Center’s Statement of Revenues,
Expenses, and Changes in Net Position affected by these transactions.View Solution: 1
Svoboda County Regional Medical Center s gross charges for services
SOLUTION-- http://solutiondone.online/downloads/1-svoboda-county-regional-medical-center-s-
gross-charges-for-services/

Unlock answers here solutiondone.online