In This Month, There Were Several Patients That Had No

question 2

Essay

In this month, there were several patients that had no health insurance and due to their low income level, the hospital decided that $96,000 of receivables would not be collectible.Required:Prepare the necessary journal entry to reflect the decision to consider the $96,000 as charity care.

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Definitions:

Peroxisomes

Small organelles found in virtually all eukaryotic cells, involved in the catabolism of very long chain fatty acids, amino acids, and the detoxification of hydrogen peroxide.

Detoxification Activities

Biological processes by which the body breaks down and eliminates toxins and harmful substances, often involving the liver.

Intracellular Digestive

A process where digestion of materials occurs within the cytoplasm of a cell, typically involving lysosomes.

Lysosome

Lysosomes are membrane-bound organelles found in animal cells that use enzymes to breakdown waste materials and cellular debris.