Editing Corporate Tax Return Instructions Part 1 Instructions Fall 2020 You are a newer employee working for Howse Stant, & Chianese, LLC. Oscar Myer Wiener Corporation, a dog sweater manufacturer, is one of your new clients. Their previous accountant was known to have poor record-keeping habits, and as a result, Oscar Myer Wiener Corporation's financial records are incomplete and hard to decipher. 1. Access the 2019TransactionList.xlsx file and code each transaction. Use your professional judgment to determine the best way to organize this data. 2. Using the information from Step 1, create an accrual income statement and balance sheet. Please ensure that these statements are formatted properly and understandable. You may have to use some professional judgment. Any assumptions made must be noted in your submission. 3. Submit your coded and filtered 2019TransactionList.xlsx and your accrual income statement and balance sheet in the dropbox provided in Blackboard. Additional information: . . Book depreciation for 2019 is $36,057. Bad debt expense for 2019 is $7,152. (Accrual -reserve method) Actual debts written off during the year were $8,950. Accrual gross revenue during 2019 was $1,930,000 Sales returns during 2019 was $245,662 (The square deposits in the transaction list are net of returns). You may need to use the information from 2020ClientEmail.docx and 2020ClientEmail2.docx to correctly code each transaction. . Focus Editing Corporate Tax Return Instructions Part 1 Instructions Fall 2020 You are a newer employee working for Howse Stant, & Chianese, LLC. Oscar Myer Wiener Corporation, a dog sweater manufacturer, is one of your new clients. Their previous accountant was known to have poor record-keeping habits, and as a result, Oscar Myer Wiener Corporation's financial records are incomplete and hard to decipher. 1. Access the 2019TransactionList.xlsx file and code each transaction. Use your professional judgment to determine the best way to organize this data. 2. Using the information from Step 1, create an accrual income statement and balance sheet. Please ensure that these statements are formatted properly and understandable. You may have to use some professional judgment. Any assumptions made must be noted in your submission. 3. Submit your coded and filtered 2019TransactionList.xlsx and your accrual income statement and balance sheet in the dropbox provided in Blackboard. Additional information: . . Book depreciation for 2019 is $36,057. Bad debt expense for 2019 is $7,152. (Accrual -reserve method) Actual debts written off during the year were $8,950. Accrual gross revenue during 2019 was $1,930,000 Sales returns during 2019 was $245,662 (The square deposits in the transaction list are net of returns). You may need to use the information from 2020ClientEmail.docx and 2020ClientEmail2.docx to correctly code each transaction. . Focus
