For each of the journal entries, prepare an explanation of the business event that is being represented
2 answers
An inventory of supplies found $990 on hand. this is an adjusting entry. what accounts are affectes....please help
Mabel, Loretta and Margaret are equal parters in a local resturant. The resturant reports the following items for the current year.
Revenue-600,000
Business expenses-310,000
Investment expenses-150,000
short-term capital gains-157,000
short-term capital losses-213,000
Each partner receives a schedule K-1 with one third of the preceeding items reported to her. How must each individual report these results on her form 1040?
Revenue-600,000
Business expenses-310,000
Investment expenses-150,000
short-term capital gains-157,000
short-term capital losses-213,000
Each partner receives a schedule K-1 with one third of the preceeding items reported to her. How must each individual report these results on her form 1040?
2 answers