Interior Design Services Questions

Interior Design Services Miscellaneous Account Questions

Instructions/Descriptions

Interior Design Services Miscellaneous Account Questions

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I’ll provide the entire document after posting, here are some examples,

In July of 2020, Destiny Freebirds started a sole proprietorship called Malicious D’s Interior Design Services. Maggie D’s uses the cash method of accounting and Destiny has given you the following financial information for the year. Destiny needs you to prepare her 2020 Schedule C for her using all the information that follows. She also has the following additional questions and requests for you.

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Include a detailed account listing for the Miscellaneous Expense account.

Provide a list of expenses not deducted on Schedule C and a list of revenues not includible on Schedule C, and where those expenses would be deducted if they were deductible and/or where the revenues would be included if required. Also provide a list of expenses from the information given that are not deductible at all and why they are not deductible. (See further instructions after the notes for the income statement.)

Use the information provided in the income statement and the additional information received from your client that follows to prepare your client’s Schedule C and to answer her questions, in addition to the requirements from your supervisor.

Manufacturing Company and Its Accounting System Discussion

DISCUSSION

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Select a company that engaged in manufacturing that you would like to work for when you graduate. If you are already working for a manufacturer, you can use that one for your post. In your post, describe what the company does and how they are involved in the manufacturing process.

What type of cost accounting system do they use based on what you have learned this week?

Do they use job-order or process costing?

Why did you come to that conclusion?

Interior Design Services Miscellaneous Account Questions

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