Which Entry Would Be the Correct Entry to Record That

question 18

Multiple Choice

Which entry would be the correct entry to record that a hospital has provided patient services for $200,000, of which 25% will be billed to a third party? DEBIT CREDIT

• A) Accounts Receivable-Patients $200,000 Patient Service Revenue $200,000
• B) Accounts Receivable-Patients $150,000 Patient Service Revenue $200,000 Accounts Receivable-Third Party $50,000
• C) Accounts Receivable-Patients $50,000 Accounts Receivable-Third Party $150,000 Patient Service Revenue $200,000
• D) Accounts Receivable-Patients $200,000 Patient Service Revenue $50,000 Accounts Receivable - Third Party $150,000
• E) Patient Service Revenue $200,000 Accounts Receivable-Patients $150,000 Accounts Receivable-Third Party $50,000

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Definitions:

Intersection of Events

The set containing all the outcomes that are common to two or more events in probability and statistics.

Union of Events

The set of outcomes that belong to either one event or another in probability, including those that belong to both events.

Sample Space

The set of all possible outcomes in a statistical experiment.

Conditional Probability

The probability of an event occurring, given that another event has already occurred.