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Chet, a cash-basis, calender-year, sole proprietor, repairs the computer system in his dentists office. On December 10, 2019, he sends the dentist a bill for
Chet, a cash-basis, calender-year, sole proprietor, repairs the computer system in his dentists office. On December 10, 2019, he sends the dentist a bill for $600 and records the account receivable. In January 2020, Chet accepts dental work worth $575 in full payment of the bill. How much and it which year does Chet report gross income?
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