Jim Yount, M.D., keeps his accounting records on the cash ba…
Jim Yount, M.D., keeps his accounting records on the cash basis. During 2021, Dr. Yount collected $390,000 from his patients. At December 31, 2020, Dr. Yount had accounts receivable of $40,000. At December 31, 2021, 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 2021?
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