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. a. Adam guarantees that he will refund the cost of any goods sold to a client if the goods fall within a year of delivery. In October of this year, Adam agreed to refund $6,850 to clients, and he expects to make payment In January of next year. Deductible amount

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. - Adam guarantees that he will refund the cost of any goods sold to a client if the goods all within a year of delivery. In October of this year, Adam agreed to refund $6.850 to lients, and he expects to make payment in January of next year