Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help - 21 Aalbcde MICE - Aav A arova AaBbCcDc ABCDe AaB Heading 1 Heading 2 The Normal No Spacing 2.6 points for good/adequate

Need help image text in transcribed
- 21 Aalbcde MICE - Aav A arova AaBbCcDc ABCDe AaB Heading 1 Heading 2 The Normal No Spacing 2.6 points for good/adequate work The purpose of this assignment is to familiarize you with Schedule C. This form is used to report business earnings for a sole proprietor (not a corporation). See attached Exhibit 9-6 (from the text) which shows a completed Schedule C using the cash method. Then please refer to exhibit 9-5 which contains accrual-method information to complete the blank Schedule C using the accrual method. Please pay attention to detail. This is not rocket science so I will deduct points for small mistakes. 1. Please complete the attached 2019 Schedule C using the ACCRUAL method. ATTACH Also, please answer the following question: 2. (optional) Did you notice any differences between the 2018 and 2019 forms (I do not know if there are any)? 3. (0.8; maximum 0.4 unless very impressive) What did you learn in general? Like I said, this is not rocket science, but I think the best way to familiarize yourself with the forms is to actually prepare one. - 21 Aalbcde MICE - Aav A arova AaBbCcDc ABCDe AaB Heading 1 Heading 2 The Normal No Spacing 2.6 points for good/adequate work The purpose of this assignment is to familiarize you with Schedule C. This form is used to report business earnings for a sole proprietor (not a corporation). See attached Exhibit 9-6 (from the text) which shows a completed Schedule C using the cash method. Then please refer to exhibit 9-5 which contains accrual-method information to complete the blank Schedule C using the accrual method. Please pay attention to detail. This is not rocket science so I will deduct points for small mistakes. 1. Please complete the attached 2019 Schedule C using the ACCRUAL method. ATTACH Also, please answer the following question: 2. (optional) Did you notice any differences between the 2018 and 2019 forms (I do not know if there are any)? 3. (0.8; maximum 0.4 unless very impressive) What did you learn in general? Like I said, this is not rocket science, but I think the best way to familiarize yourself with the forms is to actually prepare one

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

Financial Accounting For Decision Makers

Authors: Peter Atrill, Eddie McLaney

10th Edition

1292409185, 9781292409184

More Books

Students also viewed these Accounting questions

Question

1. Encourage students to set a small-step goal for one subject.

Answered: 1 week ago