Answer:
A. $6,100
B. Yes
Explanation:
A. Preparation of a schedule of accounts payable for Bioplast Jewelry, Inc., as of January 31, 2019 Using the final balances of the vendor accounts to
Accounts Payable—Evans Enterprises $1,400
( 1,600-$200)
Accounts Payable—Stamos Distributors $2,800
(3,100-$300)
Accounts Payable—Tonetta Company 1,900
Total $6,100
($1,400+$2,800+$1,900)
B. Yes based on the above Calculation, the total of The accounts payable schedule agree with the balance of the accounts payable account
reason been that each of the vendor account balance will the close Accounts Payable (control account).
Answer:
Both the tax practioner and the assessee will be liable for penalties under IRS 6695(a)
Explanation:
When a tax preparer is paid to arrange the tax return of a client they must follow preparer due diligence laws.
This is the case when the preparer is trying to get a refund of earned income tax credit, child tax credit, American opportunity tax credit, or filing of head of household status.
The effect on the tax preparer's client include:
- refund of amounts collected in error because of wrong return
- a two year ban from claiming credits if error is due to recklessness
- a ten year ban if error is as a result of fraud
The consequences for the tax preparer includes:
- for each requirement not met a $500 penalty
- suspension from the IRS e-file
- a ban from tax preparations
- in cases of fraud criminal charges can be made
Answer:
$85
Explanation:
The chart is left out in the question.
Answer:
E)excessive markups
Explanation:
the car must was the must to the book
Answer:
My answer is A) C) and D)
Explanation:
If I am wrong please tell me.
