91影视

Jill Accardo, M.D.

Conversion of Income Statement Data

Cash

Accrual

Collection from customers:

$ 142,600

$ 142,600

Less: Accounts receivable, Jan 1

$ 9,250

$(9,250)

Add: Accounts receivable, Dec31

$15,927

$15,927

Add: Unearned service revenue, Jan 1

$ 2,840

$2,840

Less: Unearned service revenue Dec31

$ 4,111

$ (4,111)

Service Revenue

$ 142,600

$18,767

$ 13,361

$ 148,006

Disbursement for expenses:

$55,470

$ 55,470

Less: Accrued expense, Jan1

$3,435

$(3,435)

Add: Accrued expenses, Dec31

$ 2,108

$ 2,108

Add: Prepaid expenses, Jan1

$1,917

$ 1,917

Less: Prepaid expenses Dec31

$3,232

$ (3,232)

Operating Expenses

$ 55,470

$ 4,025

$ 6,667

$52,828

Net Income 鈥� Cash Basis

$ 87,130

Net Income- Accrual Basis

$ 95,178

Cash receipts from customers

$ 142,600

Less: Beginning accounts receivable

$ (9,250)

Add: Ending accounts receivable

$ 15,927

Add: Beginning Unearned revenue

$ 2,840

Less: Ending Unearned revenue

$ (4,111)

Revenue on the Accrual basis

$ 148,006

Cash paid to operating expenses

$ 55,470

Less: Beginning accrual expenses

$ (3,435)

Add: Ending accrual expenses

$ 2,108

Add: Beginning prepaid expenses

$ 1,917

Less: Ending Prepaid Expenses

$ (3,232)

Expenses on the Accrual Basis

$ 52,828