Slattery's, Inc. Tax Trial Balance December 31, 2012 Unadjusted Adjusted Tax Tax Trial 1120s Separately Ordinary Book Balance Adjustments Book Balance Adjustments Balances Tax Return Stated Business Balance Sheet DR CR DR CR DR CR DR CR DR CR Summary Items...
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Slattery's, Inc. Tax Trial Balance December 31, 2012 Unadjusted Adjusted Tax Tax Trial 1120s Separately Ordinary Book Balance Adjustments Book Balance Adjustments Balances Tax Return Stated Business Balance Sheet DR CR DR CR DR CR DR CR DR CR Summary Items Income/Loss Cash 270 700 270 700 270 700 270 700 Ending Inventory 16 000 16 000 16 000 16 000 Equipment 35 000 35 000 35 000 35 000 Land 10 000 10 000 10 000 10 000 Building 15 000 15 000 15 000 15 000 Improvements to Building 55 000 55 000 55 000 55 000 Accumlated Depreciation 9 000 - 9 000 9 000 (9 000) Accounts Payable 40 000 7 800 - 47 800 47 800 (47 800) Notes Payable 78 000 7 800 - 70 200 70 200 (70 200) Taxes Payable 8 000 - 8 000 8 000 (8 000) Salaries Payable 20 000 20 000 20 000 (20 000) Capital Stock 115 000 115 000 115 000 (115 000) Income Statement Sales 400 000 400 000 400 000 400 000 400 000 Gain on sale of MND Stock 18 000 - 18 000 12 000 - 30 000 30 000 30 000 - Dividend from MND Corporation 2 000 2 000 2 000 2 000 2
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