The secondary key is specified to uniquely identity each tuple in ...

[shenderson6]

The secondary key is specified to uniquely identity each tuple in the relation.
  Indicate whether the statement is true or false

Question 2

(Journal entries for a hospital's General Fund)
 
  Lucas Community Hospital is a not-for-profit hospital. Prepare journal entries to record the following transactions and events in the Hospital's General Fund.
 
  a. Third-parties and direct-pay patients were billed 4,200,000 at the hospital's established billing rates.
   b. The billings in transaction a. included the following:
   (1) Services provided to charity care patients totaled 170,000; and
   (2) Services were provided to patients covered by third-party payors with whom prospective reimbursement rates had been negotiated. The difference between the hospital's established rates and the reimbursement rates was 1,000,000 .
   c. The hospital collected 2,200,000 from its billings for patient services.
   d. The hospital received 800,000 in fees under capitation arrangements with HMOs.
   e. Salaries paid in cash during the period were as follows:
   Professional care of patients 800,000
   Dietary services 45,000
   General and administrative services 55,000
   f. The hospital used 100,000 of its idle cash to purchase equity securities.
   g. During the period, the hospital received the following contributions:
   (1) Richard & Pryor, a local pharmaceutical manufacturer, donated 40,000 of drugs to the hospital. The hospital placed the drugs in its inventory.
   (2) Several high students voluntarily carried food to hospital patients during weekends. If the hospital had to pay for these services, it would have cost the hospital 5,000
   h. In providing care to its patients, the hospital used drugs amounting to 25,000
   i. The hospital received parking lot fees in the amount of 20,000
   j. Before preparing its quarterly financial statements, the hospital considered the following:
   (1) The hospital estimated that 90,000 of its direct-pay billings would not be collected.
   (2) The hospital recorded depreciation expenses of 100,000
   (3) The fair value of the securities purchased in f., above, was 98,000
   (4) A hospital patient filed a malpractice claim against the hospital for 50,000, claiming the hospital food made him sick. Hospital attorneys believe the claim was without merit and that the hospital would prevail if the claim went to trial.

[Mochi]

Answer to Question 1

F

Answer to Question 2

a. Patient accounts receivable 4,200,000
Patient service revenue 4,200,000

b. Provision for charity services 170,000
Provision for contractual adjustments 1,000,000
Patient accounts receivable 1,170,000

c. Cash 2,200,000
Patient accounts receivable 2,200,000

d. Cash 800,000
Premium revenue 800,000

e. Patient care expense 800,000
Dietary services expense 45,000
General and administrative services expense 55,000
Cash 900,000

f. Investments 100,000
Cash 100,000

g1 Inventory of drugs 40,000
Other revenue - donated commodities 40,000

g2 No entry. No specialized skills required.

h. Patient care expense 25,000
Inventory of drugs 25,000

i. Cash 20,000
Other revenue 20,000

j1 Bad debts expense 90,000
Allowance for uncollectible accounts 90,000

j2 Depreciation expense 100,000
Accumulated depreciation 100,000

j3 Unrestricted revenue - change in net unrealized
gains and losses on investments 2,000
Investment valuation account 2,000

j4 No entry. Loss is not probable.

[shenderson6]

Gracias!

[Jsherida]

YES! Correct, THANKS for helping me on my review