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Question To 0.5 pts On Dec. 15, 2018, Julia's Tax Prep, an accrual-method taxpayer, prepaid $6,000 worth of deductible interest on a business loan. The

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Question To 0.5 pts On Dec. 15, 2018, Julia's Tax Prep, an accrual-method taxpayer, prepaid $6,000 worth of deductible interest on a business loan. The interest won't accrue until 2019 (i.e. the interest is for use of borrowed funds in 2019). Julia's Tax Prep will be displaying at a trade show in January 2019. On Dec. 16, 2018, Julia's prepaid the $5,000 trade show booth rental expense. The payment isn't due until January 2019, and use of the booth will occur in January 2019. In addition, On Dec. 28, 2018, Ed's Equipment repaired some equipment in Julia's office and billed Julia's $3,000. Julia's received the invoice on Dec. 28, 2018 and paid the $3,000 invoice on Jan. 29, 2019. How much of the $14,000 in deductible business expenses may Julia's Tax Prep deduct in 2018

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