Required:

a$.$ A taxpayer completes $$700$ of accounting services in December $2023$ for a client who pays for the accounting work in January $2024.$

b$.$ A taxpayer is in the business of renting computers on a short$-$term basis. On December $1,2023,$ she rents a computer for a $$260$ rental fee and receives a $$650$ deposit. The customer returns the computer and is refunded the deposit on December $20,2023.$

c$.$ Same facts as $($b$)$ except that the computer is returned on January $5,2024.$

d$.$ On December $18,2023,$ a landlord rents an apartment for $$625$ per month and collects the first and last months' rent up front. It is customary that tenants apply the security deposit to their last month's rent upon moving out.

e$.$ An accountant agrees to perform $$395$ of tax services for an auto mechanic who has agreed to perform repairs on the car of the accountant's wife. The mechanic repairs the car in December $2023$ and the accountant starts and completes the tax work in March $2024.$

Answer is complete but not entirely correct.

Complete the question by entering your answers in the tabs below.

Req $A$ to $D$

Req $E$

An accountant agrees to perform $$395$ of tax services for an auto mechanic who has agreed to perform repairs on the car of the accountant's wife. The mechanic repairs the car in December $2023$ and the accountant starts and completes the tax work in March $2024.$

$\backslash$table$[[$Year$,$Taxable income,$],[$Accountant$,$Mechanic,,$],[2023,$$$,0,$$$,0],[2024,$$$,700,$$$,0]]$