Gerald Bone, M.D., keeps his accounting records on the cash basis.During 2017, Dr.Bone collected $150,000 from his patients.At December 31, 2016, Dr.Bone had accounts receivable of $45,000.At December 31, 2017, Dr.Bone had accounts receivable of $35,000 and unearned revenue of $5,000.On the accrual basis, how much was Dr.Bone's patient service revenue for 2017?
A) $145,000
B) $140,000
C) $135,000
D) $105,000
Correct Answer:
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