Solve the problem below according equication

Invested $20000 cash in a business .Purchased rainbow golf land for $15000 cash. The price consists of land $12000, shed $ 2,000, and equipment $1000.(make one compound entry)Paid advertising experience of $900.Paid cash $600 for a one year insurance policy .Purchased golf discs and other equipment for $1,050 from stevenson company payable in 30days.Received $1100 in cash for golf fees (record as service revenue )Sold 150 coupon books for $10 each . each book contains 4 coupon that enable the holder to play one round of disc golf.Withdrew $800 cash for personal use.Paid salaries of $250.Paid stevenson company in full.Received $2700 cash for golf fees.Solve according equication

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Determine the trust’s Net Income For Tax Purposes and Taxable Income for the current year.

During the current year, the Jordan family trust, an inter vivos trust, has business income of $220,000. Of this amount, $50,000 is retained in the trust with a joint election….

Indicate the tax effects of these transactions on the Net Income For Tax Purposes for both the trust and for Bryan.

During 2020, the Ho family trust received eligible dividends from publicly traded Canadian corporations in the amount of $100,000. In addition, it received non-eligible dividends from the family owned Canadian….

compare the tax consequences for both Martin and the trust if the sale takes place in December 2020

The Husak family trust has only one beneficiary, Martin Husak, the 32 year old son of the settlor, Dimitri Husak. It is an inter vivos trust and its only asset….