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John Hamilton, D.D.S. keeps his accounting records on the cash basis. During 2014 Dr. Hamilton collected $220,000 in fees from his patients. At December 31, 2013 Dr. Hamilton had accounts receivable of $30,000. At December 31, 2014 Dr. Hamilton had accounts receivable of $35,000 and had collected unearned fees of $8,000.
Required:
On the accrual basis, what was Dr. Hamilton's patient service revenue for 2014?
Root Hairs
Thin, hair-like extensions from the root of a plant that increase surface area for water and nutrient absorption.
Aboveground
Referring to the portion of a structure, plant, or other object that is visible or located above the surface of the soil.
Sclerenchyma Cells
Thick-walled, lignified plant cells that provide structural support and are typically found in regions of plants that are no longer expanding.
Lignin
Chemical that hardens the cell walls of land plants.
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