In: Accounting
This is a typical Ledger Card. Please locate the errors on this card, and correct them.
Date | Description | Charge | Credits | Current | |
Payments | Adj. | Balance | |||
1/4/20__ | OV 65, EKG 45 | 110.00 | 20.00 | 0.00 | 90.00 |
2-1-20__ | Insuarnce payment | 0.00 | 40.00 | 20.00 | 30.00 |
3/10/20__ | PE 120, Lab 64 | 194.00 | 0.00 | 0.00 | 224.00 |
3/30/20__ | Insurance Payment | 0.00 | 82.00 | 40.00 | 142.00 |
4/10/20__ | ROA | 0.00 | 50.00 | 0.00 | 92.00 |
6/25/20__ | OV 65, EKG 45 | 110.00 | 20.00 | 0.00 | 182.00 |
8/19-/0__ | OV 65, Lab 82 | 147.00 | 0.00 | 0.00 | 3299.00 |
9/1/20__ | Insurance Payment | 0.00 | 122.00 | 68.00 | 207.00 |
10/6/20__ | OV 65, Strep 38 | 103.00 | 25.00 | 0.00 | 285.00 |
10/8/20__ | Hospital Visit 225 | 225. 00 | 0.00 | 0.00 | 510.00 |
11-9-20__ | Insurance Payment | 0.00 | 288.00 | 117.00 | 105.00 |
Date | description | charge | payments | adjus |
Balance |
1/4/20 | OV65,EKG 45 | 110 | 20 | 90 | |
2/1/20 | INSURANCE PAYMENT | 0 | 40 | 20 |
30 |
3/10/20 | PE-120,LAB 64 | 194 | 0 | 0 | 224 |
3/30/20 | INSURANCE PAYMENT | 0 | 82 | 40 | 102 |
4/10/20 | ROA | 0 | 50 | 0 | 52 |
6/25/20 | OV65,EKG45 | 110 | 20 | 0 | 142 |
8/19/20 | OV65, LAB82 | 147 | 0 | 0 | 289 |
9/01/20 | INSURANCE PAYMENT | 0 | 122 | 68 | 99 |
10/06/20 | OV65,STREP 38 | 103 | 25 | 0 |
177 |
10/08/20 | HOSPITAL VISIT | 225 | 0 | 0 | 402 |
11/9/20 | INSURANCE PAYMENT | 0 | 288 | 117 | (3) |
Corrected Ledger card
To arrive at the balance we need to add the charge and substract the payments and the adjustments
and for next balance the same formula
So, basically
BALANCE+CHARGE-PAYMENTS-ADJUSTMENTS= BALANCE
and it continues