Question: Cash vs. Accrual Method. (Obj. 1) Taylor is a self-employed dentist. He wants to know hw reporting each of the following items would differ under
Cash vs. Accrual Method. (Obj. 1) Taylor is a self-employed dentist. He wants to know hw reporting each of the following items would differ under the cash method versus the accrusl method. In the space provided, enter the correct amount that would be reported C under each method. If there is no amount to be reported, 3. Schedule on enter 0. Cash MethodAccrual Method 002 S $ Salary paid to receptionist $12,500 a. b. Paid for long-distance phone charges made during last year ot on rob od o c. Written-off client billing for fees; work performed in current year 150 d. Written-off client billing for fees; work performed last year 135 Paid annual subscription to magazines for the office waiting room e. 50 f. Paid life insurance premium owner's life on the 516
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