ACC 455 Week 3 Team Assignment, Part 1

Resources: Phoenix Medical Data Worksheet Part 1 and Phoenix Medical Worksheet Student Part 1

Access the Phoenix Medical Data Spreadsheet and the Phoenix Medical Worksheet for your new tax client – Phoenix Medical.

Determine the following:

• Adjusting Journal Entries
• Adjusted Book Income
• Tax Journal Entries
• Taxable Income
• Your manager has also listed questions that require a response.
• Complete the Microsoft® Excel® spreadsheet showing your adjustments and final tax trial balance. Answer all questions as short answers.

Click the Assignment Files tab to submit your assignment as a Microsoft® Word document or Microsoft® Excel®.