Question

sole propiertor reported on sch c . home as office 350 dquate feet of his 3100...

sole propiertor reported on sch c . home as office 350 dquate feet of his 3100 rent loft. cash basis

gross receipts 36960
advertising 80
bus. ins 685
bus lic 100
office supplies 76
postage 38
rent for year 14400
renter ins for year 1055
second phone 103
tax fees 350
utilities year 2281.

he closed business April 1, 2018.

what is his profit or loss on sch c





0 0
Add a comment Improve this question Transcribed image text
Answer #1

Amount 36960 80 685 100 76 Computation of profit/(Loss) Sno Particulars 1 gross receipts 2 advertising 3 bus. ins 4 bus lic 5

Add a comment
Know the answer?
Add Answer to:
sole propiertor reported on sch c . home as office 350 dquate feet of his 3100...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Blake operated as a sole proprietor, reported on Schedule C (Form '10,10). He used 350 square...

    Blake operated as a sole proprietor, reported on Schedule C (Form '10,10). He used 350 square feet of his 2100 square-foot rented loft exclusively and regularly for business, Blake used the cash accounting method and had the following income and expenses for his financial planning business: . Gross receipt: $36,960 'Expenses: Advertising: $80 . Business insurance: 9685 . Business license: $100 . Comprehensive health insurance (entire year): $7,786 . Office supplies: $76 . Postage: $38 Rent {entire year): $'14,400 ....

  • Question 70 of 75. Blake operated as a sole proprietor, reported on Schedule C (Form 1040)....

    Question 70 of 75. Blake operated as a sole proprietor, reported on Schedule C (Form 1040). He used 350 square feet of his 2,100-square- foot rented loft exclusively and regularly for business. Blake used the cash accounting method and had the following income and expenses for his financial planning business: • Gross receipts: $36,960 • Expenses: • Advertising: $80 • Business insurance: $685 • Business license: $100 • Comprehensive health insurance (entire year): $7,788 • Office supplies: $76 - Postage:...

  • Blake operated as a sole proprietor, reported on Schedule C form 1040. He used 350 square...

    Blake operated as a sole proprietor, reported on Schedule C form 1040. He used 350 square feet of his 2,100 sq ft rented Loft exclusively and regularly for business. Blake used the cash accounting method and had the following income and expenses for his Financial Planning business: gross receipts $36,960 expenses advertising $80 business insurance $685 business license $100 comprehensive life insurance entire year $7,788 office supplies $76 postage $38 rent entire year $14,400 renters insurance entire year $1,055 second...

  • USLUNI UI 15. Blake operated as a sole proprietor, reported on Schedule C (Form 1040). He...

    USLUNI UI 15. Blake operated as a sole proprietor, reported on Schedule C (Form 1040). He used 350 square feet of his 2,100-square-foot rented loft exclusively and regularly for business. Blake used the cash accounting method and had the following income and expenses for his financial planning business • Gross receipts: $36,960 • Expenses: • Advertising: $80 • Business Insurance: $685 • Business license: $100 • Comprehensive health insurance (entire year): $7.788 • Office supplies: $76 • Postage: $38 •...

  • Question 73 of 75. Blake operated as a sole proprietor, reported on Schedule C (Form 1040)....

    Question 73 of 75. Blake operated as a sole proprietor, reported on Schedule C (Form 1040). He used 350 square feet of his 2,100-square- foot rented loft exclusively and regularly for business. Blake used the cash accounting method and had the following income and expenses for his financial planning business: • Gross receipts: $36,960 • Expenses: • Advertising: $80 • Business insurance: $685 • Business license: $100 • Comprehensive health insurance (entire year): $7,788 • Office supplies: $76 • Postage:...

  • Question 74 of 75 Blake operated as a sole proprietor, reported on Schedule C (Form 1040)....

    Question 74 of 75 Blake operated as a sole proprietor, reported on Schedule C (Form 1040). He used 350 square feet of his 2.100-square toot rented loft exclusively and regularly for business. Blake used the cash accounting method and had tihe following income and e for his financial planning business Gross receipts: $36,960 Expenses: e Advertising: $80 e Business insurance: $685 e Business license: $100 Comprehensive health insurance (entire year): $7,788 e Office supplies: $76 o Postage: $38 o Rent...

  • Question 73 of 75. take operated as a sole proprietor, reported on Schedule C (Form 1040)....

    Question 73 of 75. take operated as a sole proprietor, reported on Schedule C (Form 1040). He used 350 square feet of his 2.100-square-foot rented loft exclusively and business. Drake used the cash accounting method and had the following income and expenses for his financial planning business- • Gross receipts: $36,960 • Expenses: Advertising: $80 Business insurance: $685 - Business license: $100 Comprehensive health insurance (entire year): $7,788 - Office supplies: $76 Postage: $38 Rent (entire year): $14,400 Renter's insurance...

  • e Question 75 of 75 d as a sole proprietor, reported on Schedule C (Form 1040)....

    e Question 75 of 75 d as a sole proprietor, reported on Schedule C (Form 1040). He used 350 square fest of nis 2.100-uars foon rented loft exclusively and regularly for business Blabe used the cash-ce unting method·nd had hewo and ngwa Gross receipts: $36,96o Expenses Advertising: $80 . Business insurance: $685 Business license: $100 Cmpreensive heaith insurance (entire year);: $7,788 Office supplies: $76 e Postage: $38 e Rent (entire year): $14,400 . Renter's insurance (entire year): $1,055 e Second...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT