Problem $6-4$

Accounting Methods $($LO $6\mathrm{.}2)$

Shakura is a calendar$-$year taxpayer reporting on the cash basis. Please indicate how she should treat the following items for $2023$:

a$.$ She makes a deductible contribution to an IRA on April $15,2024.$

b$.$ She has made an election to accrue the increase in value of savings bonds even though the increase is not received in cash.

c$.$ She prepays half a year of interest in advance on her mortgage on the last day of $2023.$

d$.$ She pays all of her outstanding invoices for standard business expenses in the last week of December.

e$.$ She sends out a big bill to a customer on January $1,2024,$ even though she did all of the work in December of $2023.$