To complete page 5 for were you required to make for this return? Schedule L, Beginning of Tax Year, Cash, Bldg/other depreciable asse partners, End of Tax Year Cash, and Schedule M-1 Net income (loss) per books. Schedule L, End of Tax Year Cash, Other current liabilities, and Schedule M-2, Capital contributed, Cash. BlockWorks will enter a zero for Beginning of Tax Year, Cash. Schedule L, Beginning of Tax Year, Cash (the amount contributed by the partners). End of Tax Year Cash, Bldg/other depreciable assets, and accumulated depreciation, and Schedule M-1, Guaranteed payments, for the amounts of the partners' distributions. Submit Schedule L, Beginning of Tax Year, Cash, Bldg/other depreciable assets, End of Tax Year Cash, Other current liabilities, and Schedule M-2, Distributions, Cash/Capital contributed.
To complete page 5 for were you required to make for this return? Schedule L, Beginning of Tax Year, Cash, Bldg/other depreciable asse partners, End of Tax Year Cash, and Schedule M-1 Net income (loss) per books. Schedule L, End of Tax Year Cash, Other current liabilities, and Schedule M-2, Capital contributed, Cash. BlockWorks will enter a zero for Beginning of Tax Year, Cash. Schedule L, Beginning of Tax Year, Cash (the amount contributed by the partners). End of Tax Year Cash, Bldg/other depreciable assets, and accumulated depreciation, and Schedule M-1, Guaranteed payments, for the amounts of the partners' distributions. Submit Schedule L, Beginning of Tax Year, Cash, Bldg/other depreciable assets, End of Tax Year Cash, Other current liabilities, and Schedule M-2, Distributions, Cash/Capital contributed.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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To complete page 5 for Schedule L and Schedules M-1 and M-2, what manual entries
were you required to make for this return?
Schedule L. Beginning of Tax Year, Cash, Bldg/other depreciable assets, loans from
partners, End of Tax Year Cash, and Schedule M-1 Net income (loss) per books.
Schedule L, End of Tax Year Cash, Other current liabilities, and Schedule M-2, Capital
contributed, Cash. BlockWorks will enter a zero for Beginning of Tax Year, Cash.
Schedule L, Beginning of Tax Year, Cash (the amount contributed by the partners).
End of Tax Year Cash, Bldg/other depreciable assets, and accumulated depreciation,
and Schedule M-1, Guaranteed payments, for the amounts of the partners'
distributions.
Submit
Schedule L, Beginning of Tax Year, Cash, Bldg/other depreciable assets, End of Tax
Year Cash, Other current liabilities, and Schedule M-2, Distributions, Cash/Capital
contributed.
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