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Bill operates a proprietorship using the cash method of accounting, and this year he received...

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Question

Accounting

Bill operates a proprietorship using the cash method of accounting, and this year he received the following payments:

$240 in cash from a customer for services rendered this year.

a promise to pay $172 from a customer for services rendered this year.

tickets to a football game worth $180 as payment for services performed last year.

a check for $198 for services rendered this year that Bill forgot to cash.

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