Problem $1-72($LO $1-4)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Adam elects the accrual method of accounting for his business. What amount of deductions does Adam year for the following transactions?

Note: Leave no answers blank. Enter zero if applicable. Assume a calendar year end.

roblem $1-72$ Part$-$b $($Algo$)$

$.$ On September $1$ of this year, Adam paid $$1,368$ for a one$-$year contract with CleanUP Services to clean his st alls for services to be provided on a weekly basis.

lote: Use whole months for your calculation.

Answer is complete but not entirely correct.

Deductible amount

$

$342$