Dorothy Dorothy is a cash basis taxpayer and self-employed guitar instructor all of the following income or Services were provided by Dorothy in 2021 11,700 for $156 guitar lessons given in 2021 $375 payments for five guitar lessons that were taking place in January 2022 915 received for sheet music that Dorothy brought for from a distributor and Soul at Cost Dorothy paid distributor 915 during 2021 a $450 makeover from a spa owner in exchange for six guitar lessons no cash what amount should Dodge report for gross income from the business.
Dorothy Dorothy is a cash basis taxpayer and self-employed guitar instructor all of the following income or Services were provided by Dorothy in 2021 11,700 for $156 guitar lessons given in 2021 $375 payments for five guitar lessons that were taking place in January 2022 915 received for sheet music that Dorothy brought for from a distributor and Soul at Cost Dorothy paid distributor 915 during 2021 a $450 makeover from a spa owner in exchange for six guitar lessons no cash what amount should Dodge report for gross income from the business.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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K 6
Dorothy Dorothy is a cash basis taxpayer and self-employed guitar instructor all of the following income or Services were provided by Dorothy in 2021 11,700 for $156 guitar lessons given in 2021 $375 payments for five guitar lessons that were taking place in January 2022 915 received for sheet music that Dorothy brought for from a distributor and Soul at Cost Dorothy paid distributor 915 during 2021 a $450 makeover from a spa owner in exchange for six guitar lessons no cash what amount should Dodge report for gross income from the business.
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