Signature Assignment: Phoenix Medical Assignment

Include the following:

• Complete the Book Adjustments (Adj1 Sale of fixed assets, Adj2 2015 Depreciation, and Reclass of accounts payable) using the included resources.
• Adjust the Journal Entries using the included resources for 2015 depreciation.
• Apply information from the included resources to complete the Tax Adjustments:

1. Accrual to Cash Adjustment – Accounts Receivable;
2. Charitable contributions carryover;
3. 50% Meals and Entertainment;
4. Non-deductible penalties;
5. Tax Exempt interest;
6. Accrual to Cash Adjustment – Accounts Payable.

• Classify the Taxable Income entries on the Adjusted Trial Balance to complete using the included resources.
• Apply Generally Accepted Accounting Principles. Your manager has also listed questions that require a response. Read the Phoenix Medical Worksheet Student Part 1 (Microsoft® Word) and answer the questions using short answers.
• Complete the Microsoft® Excel® spreadsheet showing your adjustments and final tax trial balance. Answer all questions as short answers.