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Will is a proprietor who uses the cash method of accounting. During the current year he receive payments as follows: cash $100 for work he
Will is a proprietor who uses the cash method of accounting. During the current year he receive payments as follows: cash $100 for work he did this year a customer agreed to pay him 200 for services but hasnt paid yet. a customer friend gave him tickets valued at 250 with exchange for work done from him last year. will found a customers check for 170 for services preformed this year that he forgot to cash. How much income should will report on schedule C this year?
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