Corinne Dunbar, M.D., maintains the accounting records of Dunbar Clinic on a cash basis. During 2019, Dr.

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Corinne Dunbar, M.D., maintains the accounting records of Dunbar Clinic on a cash basis. During 2019, Dr. Dunbar collected €142,600 from her patients and paid €60,470 in expenses. At January 1, 2019, and December 31, 2019, she had accounts receivable, unearned service revenue, accrued expenses, and prepaid expenses as follows. (All long-lived assets are rented.)

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Instructions
Prepare a schedule that converts Dr. Dunbar's "excess of cash collected over cash disbursed" for the year 2019 to net income on an accrual basis for the year 2019.
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Related Book For  book-img-for-question

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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