Question: Question 4 (1 point) Gerald Bone, M.D., keeps his accounting records on the cash basis. During 2017, Dr. Bone collected $150,000 from his patients. At

 Question 4 (1 point) Gerald Bone, M.D., keeps his accounting records

Question 4 (1 point) Gerald Bone, M.D., keeps his accounting records on the cash basis. During 2017, Dr. Bone collected $150,000 from his patients. At December 31, 2016, Dr. Bone had accounts receivable of $45,000. At December 31, 2017, Dr. Bone had accounts receivable of $35,000 and unearned revenue of $5,000. On the accrual basis, how much was Dr. Bones patient service revenue for 2017? A) dollar 140000 OB) dollar 145000 C) dollar 135000 D) dollar 105000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!