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Required information [The following information applies to the questions displayed below.] Erin is considering switching her business from the cash method to the accrual method

Required information [The following information applies to the questions displayed below.] Erin is considering switching her business from the cash method to the accrual method at the beginning of next year. Determine the amount and timing of her 5481 adjustment assuming the IRS grants Erin's request in the following alternative scenarios. a. At the end of this year, Erin's business has $15,900 of accounts receivable and $19,500 of accounts payable that have not been recorded for tax purposes. Erin's 5481 Adjustment Decrease in net income by Number of year(s) Required information [The following information applies to the questions displayed below.] Erin is considering switching her business from the cash method to the accrual method at the beginning of next year. Determine the amount and timing of her $481 adjustment assuming the IRS grants Erin's request in the following alternative scenarios. b. At the end of this year, Erin's business reports $41,400 of accounts receivable and $15,800 of accounts payable that have not been recorded for tax purposes. Number of year(s) Erin's 5481 Adjustment by

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