Juan Works as a Landscaper for Local Businesses on Weekends

question 137

Essay

Juan works as a landscaper for local businesses on weekends, and he often provides services in exchange for property. This year Juan provided lawn-mowing services in exchange for $1,275 of car repair services, $3,570 of groceries, and a certificate of deposit (CD)for $4,050. The CD matures next year with interest. Finally, Juan received a gift card that can only be applied for $850 of clothing at a local mall. Juan has only applied the gift card to purchase $100 of clothing. Compute Juan's gross income, assuming that he uses the cash basis of accounting.

---

Definitions:

Operating Schedule

A plan or timetable outlining the hours or periods a facility, service, or piece of equipment is in operation.

Civic Club

An organization of citizens focused on promoting community welfare, civic improvements, and social activities.

Beer Distributor

A business that has the authorization to distribute beer from manufacturers to retailers.

Fund-Raising Event

A fund-raising event is an organized activity aimed at generating financial support for a cause, organization, or particular project.