Required information Project 2.1 is a continuation of Project 1.1. You will use the QB0 client company you created for Project 1.1 Keep in mind the QBO company for Project 2.1 does not reset and carries your data forward, including any errors. So it is important to check and crosscheck your work to verify it is correct before clicking the Save button. Mookie The Beagle Concierge, a concierge pet care service, provides convenient, high-quality pet care. CK, the founder of Mookie The Beagle Concierge, has asked us to customize the Chart of Accounts to assist in streamlining tax preparation. Mookie The Beagle Concierge, an S corporation, files US federal tax form 1120S, which can be viewed at www.irs.gov Follow the steps shown on Pages 2.42 to 2.44 in Chapter 2, and complete each project requirement provided below. MookieTheBeagle.com 2017 Carl K. Yazigi. All Rights Reserved. Used with Permission MookieTheBeagle.com, Mookie The Beagle, Mookie The Beagle Spa and the Mookie Character, names and related indicia are trademarks of Carl K. Yazigi and used with permission Typically when customizing the Chart of Accounts for businesses, we want to verify that the accounts on the Chart of Accounts correspond to expenses shown on the tax return the business files Mookie The Beagle Concierge files the following IRS Form 1120S for its business operations U.S. Income Tax Return for an S Corporation CMB No. 154G 0123 Fom 1120S Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be an S corporation Information about Form 1120S and its separate instructions is at www.irs.gov/form1120s Depsrtment of the Treasury Intemal Revenue Service For calendar yeer ASelection effective date Name D Employer ldentinication number TYPE Number, street, and room or sute no. fa P.O. bax 9ee inatructions. E Date inoorporated B Business nctivity code rumber e instructions OR PRINT City or town stae or provinoe, 00ntry, and ZP or foreign postal code F Total assets oe instrctans Checkif Sch M-3atached G is the corporation electing to be an S corporation beginning with this tax year?O Yes No I "Yes," attech Form 2553 f not already filed H Check i (1) Final return (2) Name change IEnter the number of shareholders who were shareholders during any part of the tax year Caution Include only trade or business income and expenses on lines 1a through 21. See the instructions for more information. 1a Gross receipts or sales. (3)Address change (4)Amended rebun Selection termination ar revocation (5) 1a 1b b Returns and allowances . c Balance. Subtract line 1b from line 1a Cost of goods sold (attach Form 1125-A Gross proft. Subtract line 2 from line 1c Net gain (loss) from Form 4797, line 17 (attach Form 4797) Other income (loss) (see instructions-attach statement) Total income (loss). Add lines 3 through 5 .,... 7 Compensation of officers (see instructions-attsach Form 1125-E) Salaries and wages (ess employment credits) Repairs and maintenance 1c 2 3 3 . 4 4 5 6 5 6 7 8 9 9 10 Bad debts 10 11 Rents 11 12 Taxes and licenses 12 13 13 Interest Depreciation not claimed on Form 1125-A or elsewhere on retun (attach Form 4562) Depletion (Do not deduct oil and gas depletion) Advertising . Persion, profit-sharing, etc, plans Employee beneft programs 14 14 15 15 16 16 17 17 18 18 19 Other deductions (attach statement) Total deductions. Add lines 7 through 19 Ordinary business income (loss). Subtract line 20 from line 6 19 20 21 20 21 For the following accounts from Mookie The Beagle Concierge's QBO COA, identify the corresponding Line number on Form 1120S. QBO COA IRS FORM 1120S 1. Rents 2. Advertising Repairs and 3. maintenance 4. Interest 5. Bad debts 6. Taxes and licenses Required information Project 2.1 is a continuation of Project 1.1. You will use the QB0 client company you created for Project 1.1 Keep in mind the QBO company for Project 2.1 does not reset and carries your data forward, including any errors. So it is important to check and crosscheck your work to verify it is correct before clicking the Save button. Mookie The Beagle Concierge, a concierge pet care service, provides convenient, high-quality pet care. CK, the founder of Mookie The Beagle Concierge, has asked us to customize the Chart of Accounts to assist in streamlining tax preparation. Mookie The Beagle Concierge, an S corporation, files US federal tax form 1120S, which can be viewed at www.irs.gov Follow the steps shown on Pages 2.42 to 2.44 in Chapter 2, and complete each project requirement provided below. MookieTheBeagle.com 2017 Carl K. Yazigi. All Rights Reserved. Used with Permission MookieTheBeagle.com, Mookie The Beagle, Mookie The Beagle Spa and the Mookie Character, names and related indicia are trademarks of Carl K. Yazigi and used with permission Typically when customizing the Chart of Accounts for businesses, we want to verify that the accounts on the Chart of Accounts correspond to expenses shown on the tax return the business files Mookie The Beagle Concierge files the following IRS Form 1120S for its business operations U.S. Income Tax Return for an S Corporation CMB No. 154G 0123 Fom 1120S Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be an S corporation Information about Form 1120S and its separate instructions is at www.irs.gov/form1120s Depsrtment of the Treasury Intemal Revenue Service For calendar yeer ASelection effective date Name D Employer ldentinication number TYPE Number, street, and room or sute no. fa P.O. bax 9ee inatructions. E Date inoorporated B Business nctivity code rumber e instructions OR PRINT City or town stae or provinoe, 00ntry, and ZP or foreign postal code F Total assets oe instrctans Checkif Sch M-3atached G is the corporation electing to be an S corporation beginning with this tax year?O Yes No I "Yes," attech Form 2553 f not already filed H Check i (1) Final return (2) Name change IEnter the number of shareholders who were shareholders during any part of the tax year Caution Include only trade or business income and expenses on lines 1a through 21. See the instructions for more information. 1a Gross receipts or sales. (3)Address change (4)Amended rebun Selection termination ar revocation (5) 1a 1b b Returns and allowances . c Balance. Subtract line 1b from line 1a Cost of goods sold (attach Form 1125-A Gross proft. Subtract line 2 from line 1c Net gain (loss) from Form 4797, line 17 (attach Form 4797) Other income (loss) (see instructions-attach statement) Total income (loss). Add lines 3 through 5 .,... 7 Compensation of officers (see instructions-attsach Form 1125-E) Salaries and wages (ess employment credits) Repairs and maintenance 1c 2 3 3 . 4 4 5 6 5 6 7 8 9 9 10 Bad debts 10 11 Rents 11 12 Taxes and licenses 12 13 13 Interest Depreciation not claimed on Form 1125-A or elsewhere on retun (attach Form 4562) Depletion (Do not deduct oil and gas depletion) Advertising . Persion, profit-sharing, etc, plans Employee beneft programs 14 14 15 15 16 16 17 17 18 18 19 Other deductions (attach statement) Total deductions. Add lines 7 through 19 Ordinary business income (loss). Subtract line 20 from line 6 19 20 21 20 21 For the following accounts from Mookie The Beagle Concierge's QBO COA, identify the corresponding Line number on Form 1120S. QBO COA IRS FORM 1120S 1. Rents 2. Advertising Repairs and 3. maintenance 4. Interest 5. Bad debts 6. Taxes and licenses