A hospital arranges with a third-party payer to charge the third party 75 percent of its established billing rates. During January 2018, the hospital provided services amounting to $1 million at the established billing rates. Prepare journal entries to record the January billings.
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Home » Business » A hospital arranges with a third-party payer to charge the third party 75 percent of its established billing rates. During January 2018, the hospital provided services amounting to $1 million at the established billing rates.