A Physical Therapist Has a Standard Charge of $100 for a Back

question 20

Multiple Choice

A physical therapist has a standard charge of $100 for a back therapy session. A patient makes a co-payment of $20 at the time of service. His insurer sends a payment of $50. Which accounting entry for that payment is correct?

• A) Accounts Receivable $80 credit
• B) Accounts Receivable $50 credit
• C) Medical Services Revenue $50 debit
• D) Medical Services Revenue $20 debit