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Joel Hamilton, D.D.S., keeps his accounting records on the cash basis. During 2017, he collected $200,000 in fees from his patients. At December 31, 2016, Dr. Hamilton had accounts receivable of $18,000 and no liability for deferred fee revenue. At December 31, 2017, he had accounts receivable of $25,000 and a liability for deferred fee revenue of $8,000. Required: On an accrual basis, what was Dr. Hamilton's patient service revenue for 2017?

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Financial Management, Finance

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