John Tracey, M.D., keeps his accounting records on the cash basis. During 2008, he collected ($150,000) in

Question:

John Tracey, M.D., keeps his accounting records on the cash basis. During 2008, he collected $$150,000$ in tees from his patients. At December 31, 2007, Dr. Tracey had accounts receivable of $$20,000$, At December 31, 2008, he had accounts receivable of $$35,000$ and unearned fees of $5,000.
Required:
On the accrual basis, what was Dr. ‘Tracey's patient service revenue for 2008?

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