Bill operates a proprietorship using the cash method of accounting, and this year he received the following:$240 in cash from a customer for services rendered this yeara promise from a customer to pay $172 for services rendered this yeartickets to a football game worth $180 as payment for services performed last yeara check for $198 for services rendered this year that Bill forgot to cash How much income should Bill realize on Schedule C?

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The Answer of Bill operates a proprietorship using the cash method of accounting, and this year he received the following:$240 in cash from a customer for services rendered this yeara promise from a customer to pay $172 for services rendered this yeartickets to a football game worth $180 as payment for services performed last yeara check for $198 for services rendered this year that Bill forgot to cash How much income should Bill realize on Schedule C?

Bill Operates a Proprietorship Using the Cash Method of Accounting