Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

akillis a sole proprietor who operates her business using the cash medthod of accounting and a calender year. based on the following list how much

akillis a sole proprietor who operates her business using the cash medthod of accounting and a calender year. based on the following list how much income will be reported on her 2019 schedule C ?
10,000 check received january 4; 2020 for job completed december 20 2019
15000 check received december 29 2019 for job completed december 28; 2019 deposited january 5 2020
9500 balance due forwork that akill performed in june 2019
akilltook her client to small claim court in december 2019 but did not receive any satisfaction

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions