How to file form M1 and M2 for partnership tax form 2018

Sales 873,000 Cost of sales Salaries to X Salaries to Y Other salaries Charitable Contribution Rent Utilities Penalties Advertising Depreciation-MACRS Contract Labor 3 Sales 450,000 50,000 50,000 85,000 1,000 60,000 18,000 1,000 24,000 43,000 35,000 817,000 56,000 2,500 1,500 Income Interest income Dividend Net income per books 60,000 Mr.X and Y each invested $50,000 to start a plumbing business on 01/01/2018 . Prepare 2018 PARTNERSHIP Tax Return from the following information Dr Cr Cash 23,000 Accounts Receivable 85,000 Investment in Stocks/Bonds 30,000 Equpment 185,000 0 Accumulated Depreciation 43,000 1 Accounts Payable 120,000 2 Partners Capital 100,000 873,000 4 Interest income 2,500 5 Dividend 1,500 6 Cost of sales 450,000 7 Salaries to X 50,000 8 Salaries to Y 50,000 9 Other salaries 85,000 0 Charitable Contribution 1,000 1 Rent 60,000 2 Utilities 18,000 3 Penalties 1,000 4 Advertising 24,000 5 Depreciation-MACRS 43,000 6 Contract Labor 35,000 7 8 1,140,000 1,140,000 9 Check Figures 0 1 Line # Amount 2 1065 8 423,000 3 10 100,000 4 20 77,000 5 21 365,000 6 22 58,000 7 8 SCH K 1 58,000 9 4 100,000 0 5 2,500 1 1,500 2 13a 1,000 3 20a 4,000 4 5 sch L column a and b 6 14 d 280,000 7 21 d 160,000 form 0 Sales 873,000 Cost of sales Salaries to X Salaries to Y Other salaries Charitable Contribution Rent Utilities Penalties Advertising Depreciation-MACRS Contract Labor 3 Sales 450,000 50,000 50,000 85,000 1,000 60,000 18,000 1,000 24,000 43,000 35,000 817,000 56,000 2,500 1,500 Income Interest income Dividend Net income per books 60,000 Mr.X and Y each invested $50,000 to start a plumbing business on 01/01/2018 . Prepare 2018 PARTNERSHIP Tax Return from the following information Dr Cr Cash 23,000 Accounts Receivable 85,000 Investment in Stocks/Bonds 30,000 Equpment 185,000 0 Accumulated Depreciation 43,000 1 Accounts Payable 120,000 2 Partners Capital 100,000 873,000 4 Interest income 2,500 5 Dividend 1,500 6 Cost of sales 450,000 7 Salaries to X 50,000 8 Salaries to Y 50,000 9 Other salaries 85,000 0 Charitable Contribution 1,000 1 Rent 60,000 2 Utilities 18,000 3 Penalties 1,000 4 Advertising 24,000 5 Depreciation-MACRS 43,000 6 Contract Labor 35,000 7 8 1,140,000 1,140,000 9 Check Figures 0 1 Line # Amount 2 1065 8 423,000 3 10 100,000 4 20 77,000 5 21 365,000 6 22 58,000 7 8 SCH K 1 58,000 9 4 100,000 0 5 2,500 1 1,500 2 13a 1,000 3 20a 4,000 4 5 sch L column a and b 6 14 d 280,000 7 21 d 160,000 form 0