If the Receivable for a Student Is $9,000 and the Student

question 95

Multiple Choice

If the receivable for a student is $9,000 and the student pays only $1,000 as the result of receiving a work study appointment from the school,what would be the appropriate debits?

• A) Debit Cash and Debit Discount on Revenue.
• B) Debit Cash and Debit Expense.
• C) Debit Cash and Debit accounts receivable.
• D) Debit Cash.

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Definitions:

Third Party Payers

Entities (other than the patient or healthcare provider) responsible for paying the costs of healthcare services, often including insurance companies, government programs, or employers.

Health Care

The maintenance or improvement of health through the prevention, diagnosis, treatment, recovery, or cure of disease, injury, and other physical and mental impairments in people.

Nurses

Licensed professionals who care for the sick, injured, and other individuals in need of medical attention or health care assistance.

Physicians

Medical professionals licensed to diagnose and treat illnesses, injuries, and other health conditions.