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:

Accrual to Cash Adjustment - Accounts Receivable;

Charitable contributions carryover;

50% Meals and Entertainment;

Non-deductible penalties;

Tax Exempt interest;

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:

Accrual to Cash Adjustment - Accounts Receivable;

Charitable contributions carryover;

50% Meals and Entertainment;

Non-deductible penalties;

Tax Exempt interest;

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.

Date Num Momo Account Debit to sell obsolete equipment to seil obsolete equipment to sell obsolete equipment to sell obsolete equipment 2/31/20152015 Ad 1 7000 Accumulated Depreciation 6100 Medical Equipment 8100 Loan to Shareholder 5000 Gain on Sale of Assets 0.00 2/31/20152015 Adj 2 to record 2015 depreciation on assets placed in service prior to 2015 to record 2015 depreciation on assets placed in service prior to 2015 to record Sec. 179 expense to record Sec 179 expense to record depreciation on assets placed in service in 2015 to record depreciation on assets placed in service in 2015 7000 Accumulated Depreciation 62400 Depreciation Expense 7000 Accumulated Depreciation 62400 Depreciation Expense 7000 Accumulated Depreciation 0.00 TOTAL Date Num Momo Account Debit to sell obsolete equipment to seil obsolete equipment to sell obsolete equipment to sell obsolete equipment 2/31/20152015 Ad 1 7000 Accumulated Depreciation 6100 Medical Equipment 8100 Loan to Shareholder 5000 Gain on Sale of Assets 0.00 2/31/20152015 Adj 2 to record 2015 depreciation on assets placed in service prior to 2015 to record 2015 depreciation on assets placed in service prior to 2015 to record Sec. 179 expense to record Sec 179 expense to record depreciation on assets placed in service in 2015 to record depreciation on assets placed in service in 2015 7000 Accumulated Depreciation 62400 Depreciation Expense 7000 Accumulated Depreciation 62400 Depreciation Expense 7000 Accumulated Depreciation 0.00 TOTAL