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Accounting Assignment 1) Complete adjusted trial balance of worksheet 2) Use your completed worksheet to prepare (a) single-step or multi-step net income, (b) Statement of Owner's Equity and (c) the Classified Balance Sheet as of December 31, 2020. 3) Calculate federal income taxes to paid applying a flat tax percentage of 28%. Show your calculations on either a separate worksheet or the same worksheet as the income statement.

Date Posted: 13/10/2021
Category: Other
Due Date: 16/10/2021
Instruction
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smartestwriter 5 years ago
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skele 5 years ago
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Hello friend, I hope these are all the instructions for your assignment. You can be sure to get a great grade if you choose to work with me. Feel free to engage me. Thank you.
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  • I will start working on it ASAP.
    skele | Oct 13, 2021, 00:46 AM
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  • When do you need it to be completed?
    mutungamatee1 | Oct 13, 2021, 00:46 AM
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expert4u 5 years ago
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  • When do you need it to be completed?
    expert4u | Oct 13, 2021, 00:46 AM
  • Hello 10/16 it's the due date
    User_23268 | Oct 13, 2021, 00:51 AM
  • Okay, thank you. I will work on it.
    expert4u | Oct 13, 2021, 00:51 AM
  • please in order to complete this assignment show calculations as mentioned above and use the same excel file I attached to do the financial statements
    User_23268 | Oct 13, 2021, 00:52 AM
  • Okay
    expert4u | Oct 13, 2021, 00:53 AM
  • Apologies, file 2 it's the correct one
    User_23268 | Oct 13, 2021, 00:55 AM
  • Okay, great.
    expert4u | Oct 13, 2021, 00:55 AM
  • Now I'm confused. File 1 seemed okay.
    expert4u | Oct 13, 2021, 01:00 AM
  • yes the thing is that file 2 it's personalized, that's why I have to use file 2 for the info to do the financial statements
    User_23268 | Oct 13, 2021, 01:12 AM
  • Yours has the name Angie, right?
    expert4u | Oct 13, 2021, 01:15 AM
  • Also are you interesting and doing a memo addressing some of the benefits of using the financial statement? I'll add $10 more let me know if interested
    User_23268 | Oct 13, 2021, 01:15 AM
  • correct that's my name
    User_23268 | Oct 13, 2021, 01:16 AM
  • Yes, I can do that. You can add the $10.
    expert4u | Oct 13, 2021, 01:16 AM
  • okay added thank you
    User_23268 | Oct 13, 2021, 01:19 AM
  • Great thank you. I will do it.
    expert4u | Oct 13, 2021, 01:19 AM
  • any updates on this?
    User_23268 | Oct 16, 2021, 21:50 PM
  • Hello, yes. I'm sending it in a short while.
    expert4u | Oct 16, 2021, 21:51 PM
  • Hello, can I ask you something? Were you asked to use the figures in the NAME sheet? I didn't find their relevance. Kindly let me know.
    expert4u | Oct 17, 2021, 00:02 AM
  • the relevance is that each student name in this case Angie has a different value to do the financial statements
    User_23268 | Oct 17, 2021, 00:30 AM
  • according to your name gives you a different value
    User_23268 | Oct 17, 2021, 00:31 AM
  • Where is that value used in the financial statements? Because I did all the statements and they turned just fine without the value. In your case Angie was given the value 36000
    expert4u | Oct 17, 2021, 00:33 AM
  • I have sent you the analysis. Check it. I'm completing the memo. I will send it in 30 minutes.
    expert4u | Oct 17, 2021, 00:35 AM
  • No worry, I understood the name relevance. The figures in the analysis sheet are different for each name
    expert4u | Oct 17, 2021, 00:44 AM
  • adjusted trial balance is missing, yeah the rest is all good thank you
    User_23268 | Oct 17, 2021, 00:47 AM
  • I can send you the format so I'll be easier if you want
    User_23268 | Oct 17, 2021, 00:47 AM
  • The adjusted trial balance is in the Jardine Sheet. The values had been given. It was just balancing the figures. I did that. Check the Jardine worksheet. I put the others in their own sheets.
    expert4u | Oct 17, 2021, 00:49 AM
  • okay perfect, one last question where this part of the assignment done? ''4) Calculate federal income taxes to paid applying a flat tax percentage of 28%. Show your calculations on either a separate worksheet or the same worksheet as the income statement. ''
    User_23268 | Oct 17, 2021, 00:50 AM
  • I'm adding that in a moment.
    expert4u | Oct 17, 2021, 00:53 AM
  • oh perfect, just wanted to make sure thank you
    User_23268 | Oct 17, 2021, 01:00 AM
  • I completed them. Check file 2 and 3. The tax question is in the income statement. Actually, tax wouldn't be viable for that year because the net income was a loss. Don't forget to release the payment. Thank you.
    expert4u | Oct 17, 2021, 01:13 AM
  • okay will check thank you
    User_23268 | Oct 17, 2021, 01:16 AM
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    Masilela00 | Oct 13, 2021, 00:50 AM
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