How do I Show the amount of fees earned by Dr. Tran during 2012?
Dr. Tran, a sugeon, keeps her accounting records on the cash basis. In 2012, Dr. Tran collected $660,000 in fees from her patients. On December 31, 2011, the good doctor had accounts receivable of $68,000 and unearned fees of $4,000. At December 31, 2012, she had accounts receivable of $50,000 and unearned fees of $6,000.
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