Question: 5 . ) Based on the facts in question 5 , Mrs . Foster s insurance company pays the contract rate of $ 5 5

5 .)

Based on the facts in question

5,

Mrs

.

Foster

s insurance company pays the contract rate of $

55.00

for the medical service. This is in addition to the patient

s required copayment. Complete the following journal entry to record cash received, adjust medical services revenue, and clear the accounts receivable.

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