Complete three tax returns and all using the same data that is given below.
Provide the trial balances and everything included with each tax return. The tax returns need to be up to date tax returns so for example, a 2015 tax return.
Complette it one for a C corporation, an S corporation, and a Partnership.
If all 3 returns are done, and all the pre-work leading up to the tax returns is included, and it passes with at least a B on the first go around,
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ABC COMPANY
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|
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TRIAL BALANCE
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|
|
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12/31/2014
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|
|
|
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DR
|
CR
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|
CASH-CHECKING
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125,550
|
|
|
ACCOUNTS RECEIVABLE
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243,650
|
|
|
INVENTORY
|
610,250
|
|
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PROPERTY & EQUIPMENT
|
722,550
|
|
|
ACCUMULATED DEPRECIATION
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|
235,475
|
|
ORGANIZATION EXPENSES
|
65,000
|
|
|
ACCUM. AMORTIZATION
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|
13,000
|
|
ACCOUNTS PAYABLE
|
|
136,450
|
|
PAYROLL TAXES PAYABLE
|
|
4,250
|
|
NOTES PAYABLE-CURRENT
|
|
76,120
|
|
NOTES PAYABLE-LONG TERM
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|
322,100
|
|
COMMON STOCK
|
|
100,000
|
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RETAINED EARNINGS
|
|
543,784
|
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DISTRIBUTIONS
|
50,000
|
|
|
|
|
|
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SALES
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|
4,912,470
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PURCHASES
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3,403,715
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|
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OFFICERS WAGES
|
250,000
|
|
|
WAGES
|
525,250
|
|
|
PAYROLL TAXES
|
50,020
|
|
|
REPAIRS & MAINTENANCE
|
6,500
|
|
|
RENT
|
48,000
|
|
|
INSURANCE
|
28,800
|
|
|
INTEREST EXPENSE
|
19,910
|
|
|
SUPPLIES
|
8,750
|
|
|
OFFICE SUPPLIES
|
5,260
|
|
|
MEALS & ENTERTAINMENT
|
3,580
|
|
|
TRANSPORTATION EXPENSES
|
11,400
|
|
|
DEPRECIATION
|
103,221
|
|
|
SEC 179 DEPREC
|
25,000
|
|
|
ADVERTISING
|
27,650
|
|
|
LEGAL & ACCOUNTING
|
3,260
|
|
|
AMORTIZATION
|
4,333
|
|
|
CONTRIBUTIONS
|
4,260
|
|
|
INTEREST INCOME
|
|
2,260
|
|
|
|
|
|
|
|
|
|
TOTAL
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6,345,909
|
6,345,909
|
|
|
|
|
|
|
4,528,909
|
4,914,730
|
|
|
|
|
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BEGINNING INVENTORY
|
595,625
|
|