MN IN LO %24 %24 %23 Ceng Piedr 3 Grade Grad ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/quest Saved Help Save & Ex H1 Exercises i Chec 12 M --- Use the above information to prepare a December 31 balance sheet for Ernst Consulting. Part 3 of 3 ERNST CONSULTING Balance Sheet 4.24 polnts eBook Hint Print References 2$ Mc Graw < Prev %24 12 of 12 P Type here to search 直 41°F LA a 4)) ENG 回 v dp 114 ins prt sc 144 delete home %23 4. 00 -> backspace num lock home enter pause ↑shift pua %24 * Ceng Piedn B Grade B Grad B Hom X 0 9 p B CH1 B Mind B CPT1 Ceng Piedr 6 webs G acco + zto.mheducation.com/ext/map/index.html?_con3Dcon&external browser3D0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/ques xercises G Saved Help Save & E Che Required information B of 3 [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,000 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash withdrawals by owner 000 Consulting revenue Cash $2,000 000 3,550 Accounts receivable Rent expense 000 96 Salaries expense 3,250 Land Office equipment Accounts payable Owner investments 000 094 580 Book 000 Telephone expense Hint 00S Miscellaneous expenses Print 000 eferences Use the above information to prepare a December 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet < Prev 12 of 12 Next Fraw pe here to search ツ西回 o< bt dy f12 SUI prt sc delete home 114 & %23 inu

Grady received $8,760 of Social Security benefits this year. Grady also reported salary and interest income this year. What amount of the benefits must Grady include in his gross income under the following five independent situations? Grady files married separate and reports salary of $23,540 and interest income of $740

Margaret issues a promissory note payable to the order of Pancho. Pancho indroses the note toAdolfo, then Adolfo to Beatrice, then Beatrice back to Margaret. What happened to the obligationof Margaret?

50. Mr. O, Filipino, married, died on August 1, 2018, three years after his marriage to Mrs. O. He left the following: a. Property inherited by Mr. O from his father who died February 14, 2013 b. Property inherited by Mrs. O from her father who died February 14, 2014 c. Property inherited by Mr. O from his mother who died February 14, 2015 d. Property inherited by Mrs. O from her mother who died February 14, 2016 c. Property acquired thru the labor of P3,000,000 1,200,000 1,800,000 1,400,000 Mr. O Mrs. O Mr. & Mrs. O (family bome) 2,000,000 1,500,000 2,400,000 1,600,000 f. Other personal property Deductions claimed by the estate: a. Funeral expense b. Unpaid mortgages on property in letters: a 500,000 c. Claims against the estate d. Accrued taxes (before the death of Mr.O) 220,000 b. 300,000 c. 180,000 d 200,000 170,000 80,000 Determine the net taxable estate assuming 1. Conjugal partnership of gains 2. Absolute community of property

Joe is a return preparer who completes Paul's return on March 1.  Joe presents it to Paul for his signature on April 1.  The return is due on April 15, but Pau does not pay Joe until June 1.  Joe must furnish a copy of the return to Paul no later than?

Harry is divorced from Kate. Pursuant the divorce decree, they alternate years claiming their son Frank as a dependent. For 2021 Kate released Frank's dependency exemption to Harry. Harry filed his 2021 return using the single filing status and reported agi of 62000. Which of the following is true regarding Harry's 2021 recovery rebate credit?

6. In relation to the Income of Minors, which of the following is a prescribed person under ITAA36 Div. 6AA:Select one:a. Lulu who is permanently disabled and aged 16b. Carl who is married and is 17 years oldc. Nine-year-old Lucy whose parents are entitled to a carer allowanced. Ten-year-old Franke whose guardians are entitled to a double orphan pension

Mark (age 55 in 2020) and his late wife, Mary, were married in 1990. Mark and Mary have a son, Matt, who was born in 2009. Mary passed away on October 4, 2020. Mark has not remarried. Mark maintained a household for Matt, his dependent child (qualifying child), for all of 2020 & 2021. What allowable filing status would be most beneficial for Mark to use in 2020?

In September, Amina hired Bryan as a delivery man. Bryan was to commence work on 1 November. On 1 October, Amina wrote to Bryan telling him that, despite their agreement, economic circumstances were such that she no longer required his services. Can Bryan sue Amina? Explain your answers in light of the principles learned on breach of contract. (maximum 500 words)

Ashley Panda lives at 1310 Meadow Lane, Wayne, OH 43466, and her Social Security number is 123-45-6777. Ashley is single and has a 20-year-old son, Bill. His Social Security number is 111-11-1112. Bill lives with Ashley, and she fully supports him. Bill spent 2019 traveling in Europe and was not a college student. He had gross income of $4,655 in 2019. Bill paid $4,000 of lodging expenses that Ashley reimbursed after they were fully documented. Ashley paid the $4,000 to Bill using a check from her sole proprietorship. That amount is not included in the items listed below. Ashley had substantial health problems during 2019, and many of her expenses were not reimbursed by her health insurance. Ashley owns Panda Enterprises, LLC (98-7654321), a data processing service that she reports as a sole proprietorship. Her business is located at 456 Hill Street, Wayne, OH 43466. The business activity code is 514210. Her 2019 Form 1040, Schedule C for Panda Enterprises shows revenues of $315,000,…