Question
Use the following information for JKEB Corporation to complete pages 1 through 3 of the 2011 Form 1120. Link to form: https://www.irs.gov/pub/irs-prior/f1120c--2011.pdf Address: 1994 Lincoln
Use the following information for JKEB Corporation to complete pages 1 through 3 of the 2011 Form 1120. Link to form: https://www.irs.gov/pub/irs-prior/f1120c--2011.pdf
Address: 1994 Lincoln St, Township, FL 34691 Employer Identification Number: 98- 325465 Date Incorporated: 01-01-11 Accounting Method: Accrual
JKEB Corporation's activities are focused more on sporting goods than apparel. They are not a subsidiary of another corporation and no entity owns more than 20% of JKEB Inc.
Total Assets | $2,250,000 |
Total Receipts/Sales | $3,750,000 |
Returns and Allowances | $187,500 |
Cost of Goods Sold | $950,000 |
Dividends from less than 20% owned investees | $300,000 |
Dividends from 20% or more owned investees | $15,000 |
Interest | $5,000 |
Income from store vending machines | $1,500 |
Salaries and Wages | $150,000 |
Bad Debts | $12,500 |
Rent | $40,000 |
Charitable contributions during 2011 | $2,000 |
Advertising | $5,000 |
Repairs | $2,750 |
Tax Deposits during 2011 | $10,000 |
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