Inpatient Joe Lane received the following services on November 7,20X1

:Daily patient services (room and board). $125

Operating room. 750

Central supply 124

Laboratory 116

Pharmacy 79

Anesthesia 225

Telephone (long-distance calls) 34

Explain how you would enter this information in the journal andledger system described in this chapter.

Q12.9. On October 12, 20X1, Loud Hospital borrowed $50,000 from alocal bank by issuance of a 120-day, 9 percent note. Explain how youwould enter this transaction in the hospital’s cash receipts journal

.Q12.10.Lana Lowe, when admitted to Lawson Hospital, was classified as acharity care patient. Lana was admitted on June 1 and was dischargedfrom the hospital on June 8. Services rendered to her during thisperiod totaled $3,672 at the hospital’s established rates. Whatentries should be made by Lawson Hospital to record the servicesrendered to Lana and to give recognition to the fact that nothingwill be collected for those services? Indicate the names of the jour-nals in which these entries will be made

.Q12.11.What are some of the basic features of a good system of internalcontrol over revenues and cash receipts?Q12.12.Lamp Hospital’s daily patient service (routine service) charge is$85 per day for a semiprivate accommodation. On August 29,20X1, daily patient service charges were correctly entered in theinpatient revenue journal but, in posting to the receivables sub-sidiary ledger, one patient’s account was inadvertently charged foronly $58. How might this error be detected?

Answer rating: 100% (QA)

Q129 12102011 Cash Receipts account Dr 50000 To 9 Bond Notes 50000 Q1210 Charity services do not res... View the full answer