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.

F G H IJ N O P Q R Tax Adjustments Unadjusted Balance Debit 609,842.00 557,392.23 558,380.05 260,990.00 Adjusted Book Balance Debit Book Adjustments Adjusted Tax Balance Credit Debit Credit Credit Debit Credit Debit Credit 10001 Checking 10010 Savings 10020 Cash Maximizer 11000 Accounts Receivable 18100 Loan to Shareholder 5000 Furniture and Equipment 15500 Leasehold Improvements 16100 Medical Equipment 7000 Accumulated Depreciation 18001 Investment in Big Labs 18050 Investment in R&D Company 20001 Accounts Payable 20100 Credit Cards 20200 Accrued Salaries 28001 Business Loan 30100 Capital Stock 609,842.00 557,392.23 558,380.05 260,990.00 0.00 40,316.00 506,889.00 1,699,776.00 609,842.00 557,392.23 558,380.05 260,990.00 0.00 40,316.00 506,889.00 1,699,776.00 4 Adj 1 9 10 40,316.00 506,889.00 1.699,776.00 Adj 1 Adj 1 & 2 1,240,071.00 1,240,071.00 1,240,071.0 3,206,518.00 866,507.20 3,206,518.00 866,507.20 12 13 14 15 16 17 18 3,206,518.00 866,507.20 122,601.00r 122,601.00 39,065.51 0.00 1,207,401.72 1,000.00 122,601. 39,065.51 39,065.51 0.00 1,207,401.72 1,000.00 1,207,401.7 1,000 Trial Balance AJEs 2 Year Adj Book Balance Sheet Ready 120% F G H IJ N O P Q R Tax Adjustments Unadjusted Balance Debit 609,842.00 557,392.23 558,380.05 260,990.00 Adjusted Book Balance Debit Book Adjustments Adjusted Tax Balance Credit Debit Credit Credit Debit Credit Debit Credit 10001 Checking 10010 Savings 10020 Cash Maximizer 11000 Accounts Receivable 18100 Loan to Shareholder 5000 Furniture and Equipment 15500 Leasehold Improvements 16100 Medical Equipment 7000 Accumulated Depreciation 18001 Investment in Big Labs 18050 Investment in R&D Company 20001 Accounts Payable 20100 Credit Cards 20200 Accrued Salaries 28001 Business Loan 30100 Capital Stock 609,842.00 557,392.23 558,380.05 260,990.00 0.00 40,316.00 506,889.00 1,699,776.00 609,842.00 557,392.23 558,380.05 260,990.00 0.00 40,316.00 506,889.00 1,699,776.00 4 Adj 1 9 10 40,316.00 506,889.00 1.699,776.00 Adj 1 Adj 1 & 2 1,240,071.00 1,240,071.00 1,240,071.0 3,206,518.00 866,507.20 3,206,518.00 866,507.20 12 13 14 15 16 17 18 3,206,518.00 866,507.20 122,601.00r 122,601.00 39,065.51 0.00 1,207,401.72 1,000.00 122,601. 39,065.51 39,065.51 0.00 1,207,401.72 1,000.00 1,207,401.7 1,000 Trial Balance AJEs 2 Year Adj Book Balance Sheet Ready 120%