For the month of December 2017, patient charges at Northfield Hospital (a not-for-profit hospital) were $2,720,000. Third-party payors were billed $1,800,000.In this month, there were several patients that had no health insurance and due to their low income level, the hospital decided that $85,000 of receivables would not be collectible.Required:Prepare the necessary journal entry to reflect the decision to consider the $85,000 as charity care.
What will be an ideal response?
| Patient Service Revenues | $85,000 | |
| Accounts Receivable - Patients | $85,000 | |
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