What if your balance sheet doesn't balance?
Answers:0 | LastUpdateAt:2012-10-01 19:12:03
Question- steven Sanchez
- Asked at 2012-10-01 19:12:03
I'm trying to make a balance sheet so you can complete Form 1120 Schedule L. ( S Corp ) This is my first year in business and I lost some money due to the implementation of non- capital expenditures. I can not figure out how to get my goods ( that is cash only ) to balance my obligations ( accounts payable to a few, the loan gave him my business , and I bought shares ( sole shareholder ) . MedlinePlus
MedlinePlus
These figures do not even seem related - let alone add up to the same amount . ( Espeically if you do not take into account the net income / loss - and I do not see it anywhere in the schedule L to enter that information . ) MedlinePlus
MedlinePlus
What am I missing here ?
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