Question

A patient's beginning account balance is $30.00. The charge for medical services today is $40.00. A payment is made on the account today in the amount of $50.00. What is the current balance due on this account?

Answer 1

The current balance due on the medical account, after applying the charges and payment, is a credit of $20.00. This means the patient overpaid and now has a positive balance which could be used for future services.

Step-by-step explanation:

To answer the question about the current balance due on a medical account, we need to perform some basic arithmetic operations. The patient’s account has a beginning balance of $30.00, and then there is a charge for medical services amounting to $40.00. Afterwards, a payment of $50.00 is made. To find the current balance, first add the new charge to the initial balance to get the total amount due before payment. Then, subtract the payment amount to get the updated balance.

• Beginning balance: $30.00
• Charge for services: $40.00
• Payment made: -$50.00

Calculation before payment: $30.00 + $40.00 = $70.00

Subtract the payment from this amount:

$70.00 - $50.00 = $20.00 credit

Since the payment exceeds the total accumulated amount, the current balance would result in a credit of $20.00. This means that the patient's account now has an excess payment of $20.00, which could be applied to future charges or possibly refunded, depending on the policies of the medical provider.