Required: a. A taxpayer completes $700 of accounting services in December 2023 for a...

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Accounting

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 $395 of tax services for an auto mechanic who has agreed to perform repairs on the car of the accountant's wife. The mechanic repairs the car in December 2023 and the accountant starts and completes the tax work in March 2024.
\table[[Year,Taxable income,],[Accountant,Mechanic,,],[2023,$,0,$,0],[2024,$,700,$,0]]
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