Question
complete a 1120s with 50% percent ownership cash/checking 169.65 debit note receivable 3600.00 debit building 235,390.55 debit NP-building 27989.34 credit credit card payable 2000.00 credit
complete a 1120s with 50% percent ownership cash/checking 169.65 debit note receivable 3600.00 debit building 235,390.55 debit NP-building 27989.34 credit credit card payable 2000.00 credit retained earnings 79720.20 credit stockholders dist 4983.76 credit net profit / loss 12065.01 credit Total 239160.20 Income 38000.00 credit interest 6201.18 debit depreciation 5244.00 debit bank charges 260.00 debit professional fees 900.00 debit property tax 4983.76 insurance 8346.05 debit supplies 0.00 debit telephone 0.00 debit total = 25934.99 profit/loss 12065.01.
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