Required information [The following information applies to the questions displayed below.) Adam elects the accrual method of accounting for his business. What amount of deductions does Adam recognize this year for the following transactions? (Leave no answers blank. Enter zero if applicable.) b. On November 1 of this year, Adam paid $1,320 for a one-year contract with CleanUP Services to clean his store. The agreement calls for services to be provided on a weekly basis. Deductible amount