Question
The following balances have been excerpted from Dolan Corporation's balance sheets: December 31, 2010 December 31, 2009 Accrued interest receivable $9,100 $7,500 Accrued salaries payable
The following balances have been excerpted from Dolan Corporation's balance sheets:
December 31, 2010 December 31, 2009
Accrued interest receivable $9,100 $7,500
Accrued salaries payable 8,900 4,200
Prepaid insurance 1,100 1,500
*99. The cash received for interest during 2010 was
a. $56,400.
b. $63,900.
c. $65,500.
d. $67,100.
*100. The cash paid for salaries during 2010 was
a. $89,700.
b. $80,300.
c. $80,800.
d. $93,900.
*101. The cash paid for insurance premiums during 2010 was
a. $6,500.
b. $6,100.
c. $8,000.
d. $7,200.
*120. Jim Yount, M.D., keeps his accounting records on the cash basis. During 2011, Dr. Yount collected $360,000 from his patients. At December 31, 2010, Dr. Yount had accounts receivable of $50,000. At December 31, 2011, 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 2011?
a. $310,000.
b. $370,000.
c. $380,000.
d. $390,000.
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