Reference no: EM132659111

BettyHarris, M.D., maintains the accounting records of Harris Clinic on a cash basis. During 2020, Dr. Harris collected $137,960 from her patients and paid $58,730 in expenses. At January 1, 2020, and December 31, 2020, she had accounts receivable, unearned service revenue, accrued expenses, and prepaid expenses as follows. (All long-lived assets are rented.)

                                          January 1, 2020        December 31, 2020
Accounts receivable                    $9,055                     $17,067

Unearned service revenue                2,671                  4,276

Accrued expenses                          3,233                   2,188

Prepaid expenses                              1,944                    3,506

Problem 1: Need a schedule that converts Dr. Harris's "excess of cash collected over cash disbursed" for the year 2020 to net income on an accrual basis for the year 2020.