Calculate the revenue for the year on a cash basis

Reference no: EM131970651

Problem

Revenue on the income statement was $120,330. Accounts receivable were $3,680 on January 1 and $3,400 on December 31. Unearned revenue was $1,020 on January 1 and $1,770 on December 31.

Calculate the revenue for the year on a cash basis.

Reference no: EM131970651

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