Jennifer Davis, M.D., maintains the accounting records of Davis Clinic on a cash basis. During 2020, Dr. Davis collected $151,444 from her patients and paid $58,747 in expenses. At January 1, 2020, and December 31, 2020, she had accounts receivable, unearned service revenue, accrued expenses, and prepaid expenses as follows. (All long-lived assets are rented.)

		January 1, 2020		December 31, 2020
Accounts receivable		$8,519		$14,894
Unearned service revenue		2,570		4,412
Accrued expenses		3,329		2,167
Prepaid expenses		1,915		3,507

Prepare a schedule that converts Dr. Daviss "excess of cash collected over cash disbursed" for the year 2020 to net income on an accrual basis for the year 2020.

Prepare a schedule that converts Dr. Davis's "excess of cash collected over cash disbursed" for the year 2020 to net income on an accrual basis for the year 2020. JENNIFER DAVIS, M.D. Conversion of Cash Basis to Accrual Basis For the Year 2020 $ > ..