Given Project Data:
|
ABC COMPANY
|
|
|
|
TRIAL BALANCE
|
|
|
|
12/31/2014
|
|
|
|
|
DR
|
CR
|
|
CASH-CHECKING
|
125,550
|
|
|
ACCOUNTS RECEIVABLE
|
243,650
|
|
|
INVENTORY
|
610,250
|
|
|
PROPERTY & EQUIPMENT
|
722,550
|
|
|
ACCUMULATED DEPRECIATION
|
|
235,475
|
|
ORGANIZATION EXPENSES
|
65,000
|
|
|
ACCUM. AMORTIZATION
|
|
13,000
|
|
ACCOUNTS PAYABLE
|
|
136,450
|
|
PAYROLL TAXES PAYABLE
|
|
4,250
|
|
NOTES PAYABLE-CURRENT
|
|
76,120
|
|
NOTES PAYABLE-LONG TERM
|
|
322,100
|
|
COMMON STOCK
|
|
100,000
|
|
RETAINED EARNINGS
|
|
543,784
|
|
DISTRIBUTIONS
|
50,000
|
|
|
|
|
|
|
SALES
|
|
4,912,470
|
|
PURCHASES
|
3,403,715
|
|
|
OFFICERS WAGES
|
250,000
|
|
|
WAG ES
|
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
|
6,345,909
|
6,345,909
|
|
|
|
|
|
|
4,528,909
|
4,914,730
|
|
|
|
|
|
BEGINNING INVENTORY
|
595,625
|
|
Using the above Project Data fill out attached form 1120S, form 1120C, 1125A, Form 1120, Form 1065, 1065b.
Attachment:- Forms.rar