Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 11.00

gross income

stan rented an office building to clay for 3000 per month.   On dec 29 2012 stan received a deposit of 4000 in addition to the first and lat month rent. occupancy began on jan 2 2013. on july 15 2013 clay closed his business and filed for bankruptcy. stan had collected rent for feb, mar, and april on the first of each month. stan had received may rent on may 10 but collected no payments afterwards. stan withheld 800 from the deposit because of damage to the property and 1500 for unpaid rent. he refunded he balance of the deposit to clay.

 

requirment

 

what amount would stan report as gross income for 2012? and for 2013?

 

begin by selecting the labels to show the items that will coprise stan's 2012 gross income and then enter the amounts to compute the 2012 gross income amount. if a box is not used, leave the box empty., do not select a label or enter a zero.

 

                                                                                   2012

 

                                                                              gross income

 

________________________                       ____________________

 

________________________                      _________________

 

________________________                       _______________________

 

_______________________                         _______________________

 

_____________________                            ___________________________

 

_______________________                              ________________________

 

gross income                                                    _________________________

 

now select the labels to show the items that will comprise stan's 2013 gross income, and then enter the amounts to compute the 2013 gross income amount. same inst as above for 2012

 

                                                                                              2013

 

                                                                                     gross income

 

__________________________                           _________________________

 

__________________________                          _______________________

 

___________________________                             ___________________________

 

____________________________                       _____________________________

 

________________________                             ___________________________-

 

___________________________                         ______________________________

gross income                                                           ________________________

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 08:08 PM My Price 11.00

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