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Where would each of these numbers go into a Schedule C form (and any other forms if necessary)? Amortizing and depreciation will be used for
Where would each of these numbers go into a Schedule C form (and any other forms if necessary)? Amortizing and depreciation will be used for at least one of the numbers.
Mary's Crafts - Made to Order Summary of Activity For the year ended December 31, 2020 Business started 2/1/20 DR (CR) Sales Revenue Cost of Goods Sold (based on Purchases for the year) Salary and wages - paid to others Rent Utilities Telephone Advertising Entertainment Contributions to State Senate's Campaign Meals Accounting and Legal Fees (850,000) 475,000 175,000 45,000 10,000 6,700 3,000 5,500 5,000 15,000 40,000 review of other businesses and start up costs Note the accounting and legal fees includes: $10,000 related to the purchase of another craft business and $15,000 to look into a restaurant that was not successful. Mary's Crafts - Made to Order Summary of Activity For the year ended December 31, 2020 Business started 2/1/20 DR (CR) Sales Revenue Cost of Goods Sold (based on Purchases for the year) Salary and wages - paid to others Rent Utilities Telephone Advertising Entertainment Contributions to State Senate's Campaign Meals Accounting and Legal Fees (850,000) 475,000 175,000 45,000 10,000 6,700 3,000 5,500 5,000 15,000 40,000 review of other businesses and start up costs Note the accounting and legal fees includes: $10,000 related to the purchase of another craft business and $15,000 to look into a restaurant that was not successfulStep by Step Solution
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