Jason Allen, M.D., keeps his accounting records on a cash basis. In 2026, Dr. Allen...

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Accounting

Jason Allen, M.D., keeps his accounting records on a cash basis. In 2026, Dr. Allen collected
$400000 from his patients. At December 31,2025, Dr. Allen had accounts receivable of $41500.
At December 31,2026, Dr. Allen had accounts receivable of $72000 and unearned revenue of
$9500. On the accrual basis, what was Dr. Allen's patient service revenue for 2026?
$430500
$440000
$421000
$358500

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