Question

Joel Hamilton, D.D.S., keeps his accounting records on the cash basis. During 2014, he collected $200,000 in fees from his patients. At December 31, 2013, Dr. Hamilton had accounts receivable of $18,000. At December 31, 2014, he had accounts receivable of $25,000 and unearned fees of $8,000.

Required:
On the accrual basis, what was Dr. Hamilton’s patient service revenue for 2014?



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  • CreatedSeptember 10, 2014
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