Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Include the following Complete the Book Adjustments (Adj1 Sale of fixed assets, Adj2 2015 Depreciation, and Reclass of accounts payable) using the included resources .

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Include the following Complete the Book Adjustments (Adj1 Sale of fixed assets, Adj2 2015 Depreciation, and Reclass of accounts payable) using the included resources . Adjust the Journal Entries using the included resources for 2015 depreciation .Apply information from the included resources to complete the Tax Adjustments a. Accrual to Cash Adjustment - Accounts Receivable; b. Charitable contributions carryover, C. 50% Meals and Entertainment; d. Non-deductible penalties; e. Tax Exempt interest f. Accrual to Cash Adjustment - Accounts Payable . Classify the Taxable Income entries on the Adjusted Trial Balance to complete using the included resources .Apply Generally Accepted Accounting Principles. Your manager has also listed questions that require a response. Read the Phoenix Medical Worksheet Student Part 1 (Microsoft Word) and answer the questions using short answers Complete the Microsoft Excel spreadsheet showing your adjustments and final tax trial balance. Answer all questions as short answers Include the following Complete the Book Adjustments (Adj1 Sale of fixed assets, Adj2 2015 Depreciation, and Reclass of accounts payable) using the included resources . Adjust the Journal Entries using the included resources for 2015 depreciation .Apply information from the included resources to complete the Tax Adjustments a. Accrual to Cash Adjustment - Accounts Receivable; b. Charitable contributions carryover, C. 50% Meals and Entertainment; d. Non-deductible penalties; e. Tax Exempt interest f. Accrual to Cash Adjustment - Accounts Payable . Classify the Taxable Income entries on the Adjusted Trial Balance to complete using the included resources .Apply Generally Accepted Accounting Principles. Your manager has also listed questions that require a response. Read the Phoenix Medical Worksheet Student Part 1 (Microsoft Word) and answer the questions using short answers Complete the Microsoft Excel spreadsheet showing your adjustments and final tax trial balance. Answer all questions as short answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

External Auditing Tutorial

Authors: Jo Osborne, John Taylor

1st Edition

9781909173965, 1909173967

More Books

Students also viewed these Accounting questions