Mattison Brothers is a small closely held corporation operating a portable kitchen.

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Mattison Brothers is a small closely held corporation operating a portable kitchen.

The office is located on Hwy 77 S. just out of Fremont NE.

In the winter, Mattison rents out their generator trailer to a company that tours Florida.

The rental is $3,000 per week.

On Dec 31, they closed for the year owing employee pay of $1,800.

All LP gas, diesel, vehicle parts, and mechanic work is billed to Fleet Expense.

Mattison pays Earnest Collier, Collier's Office Services, to handle his income and

payroll taxes. In December, Mattison issues a check to put in the attorney

holding account to handle the tax filings.

Collier's Office Services

Hwy 77 South

Freemont, Nebraska

After the physical inventory completed on December 20, 2014, a supplies

account needs to be adjusted.

Remaining inventory of Supplies -- Dry Goods is $13,900.

After an audit of your capital assets, on December 20, 2014, there is an accumulated

depreciation adjustment needed. Adjust accumulated depreciation by $22,000.

After an audit of your payroll accounts, on December 20, 2014, an adjustment will

be necessary on December 31, in the amount of $1,800 for wages payable.

After an audit of your receivables, on December 20, 2014, an adjustment will

be necessary on December 31, in the amount of $42,000 on account 20

for rental earnings.

Ernest Collier, Esq.

Ernest Collier, Esq. CPA