format. Ic. Show the Balance Sheet presentation g the proper Assume Hohum hospit

Question

format. Ic. Show the Balance Sheet presentation g the proper Assume Hohum hospital ends the March 2006 with a normal debit balance of $80,000 in its accounts receivable account in the general ledger. It is now April 30, 2006. April accounts receivable increased $12,000 due to patient billings. Of the $12,000 increase, $6000 occurred for Routine Services Revenue, and $6000 occurred for Professional Services Revenue. Show this initial entry reflecting the increase. 2. During the month of Make a T-account for Accounts Receivable showing the updated above entry.

Explanation / Answer

Entry:

Accounts Receivables

Dr. Cr.

Kindly note that I have used table for T account. You may use exact T format and post entries in similar manner.

Particulars Debit Credit Accounts Receivables $12,000 Routine service revenue Account $6,000 Professional service revenue Account $6,000 (Being revenue booked)

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