Question: Current Attempt in Progress Debra King, M.D., maintains the accounting records of King Clinic on a cash basis. During 2020, Dr. King collected $136,331 from

Current Attempt in Progress Debra King, M.D., maintains the accounting records of King Clinic on a cash basis. During 2020, Dr. King collected $136,331 from her patients and paid $52,958 in expenses. At January 1, 2020, and December 31, 2020, she had accounts receivable, unearned service revenue, accrued expenses, and prepaid expenses as follows. (All long-lived assets are rented.) Prepare a schedule that converts Dr. King's "excess of cash collected over cash disbursed" for the year 2020 to net income on an accrual basis for the year 2020 . Current Attempt in Progress Debra King, M.D., maintains the accounting records of King Clinic on a cash basis. During 2020, Dr. King collected $136,331 from her patients and paid $52,958 in expenses. At January 1, 2020, and December 31, 2020, she had accounts receivable, unearned service revenue, accrued expenses, and prepaid expenses as follows. (All long-lived assets are rented.) Prepare a schedule that converts Dr. King's "excess of cash collected over cash disbursed" for the year 2020 to net income on an accrual basis for the year 2020
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