Compute the revenue for the year on a cash basis

Reference no: EM131970654

Problem

Revenue on the income statement was $121,560. Accounts receivable were $3,680 on January 1 and $3,500 on December 31. Unearned revenue was $1,300 on January 1 and $1,520 on December 31.

Calculate the revenue for the year on a cash basis.

Reference no: EM131970654

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