A dentist performs dental services for a patient on April 20; the total bill for the dental services was $200. The patient makes a co-pay of $20 on April 20, and the insurance company pays the remaining balance of $180 on May 19. On what date(s) will the dentist record the revenue for those dental services provided on April 20? (Assume the accrual basis of accounting is used.) OA. $180 of revenue on April 20 and the remaining $20 on May 19 OB. $200 of revenue on May 19 OC. $200 of revenue on April 20 O D. $20 of revenue on April 20 and $180 of revenue on May 19

A dentist performs dental services for a patient on April 20; the total bill for the dental services was $200. The patient makes a co-pay of $20 on April 20, and the insurance company pays the remaining balance of $180 on May 19. On what date(s) will the dentist record the revenue for those dental services provided on April 20? (Assume the accrual basis of accounting is used.) OA. $180 of revenue on April 20 and the remaining $20 on May 19 OB. $200 of revenue on May 19 OC. $200 of revenue on April 20 O D. $20 of revenue on April 20 and $180 of revenue on May 19

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 1SEB

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