Adam elects the accrual method of accounting for his business. What amount of deductions does Adam recognize this year for the following transactions? Note: Leave no answers blank. Enter zero if applicable. Assume a calendar year end.

Problem 9-72 Part-b (Algo)

b. On November 1 of this year, Adam paid $864 for a one-year contract with CleanUP Services to clean his store. The agreement calls for services to be provided on a weekly basis. Note: Use whole months for your calculation.