Patient service revenue


Jim Yount, M.D., keeps his accounting records on the cash basis. During 2011, Dr. Yount collected $360,000 from his patients. At December 31, 2010, Dr. Yount had accounts receivable of $50,000. At December 31, 2011, Dr. Yount had accounts receivable of $70,000 and unearned revenue of $10,000. On the accrual basis, how much was Dr. Yount's patient service revenue for 2011?

a. $310,000.

b. $370,000.

c. $380,000.

d.  $390,000.

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Accounting Basics: Patient service revenue
Reference No:- TGS059850

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