1) The image shows a completed schedule C using the cash method.Complete schedule C using the ACCRUAL method.

2) Are there any differences between the 2018 and 2019forms?

Transcribed Image Text:

SCHEDULE C (Form 1040) Department of the Treasury Internal Revenue Service (99) F G H Name of proprietor RICK GRIME A Principal business or profession, including product or service (see instructions) LANDSCAPING с Business name. If no separate business name, leave blank. GREEN ACRES LANDSCAPING E I Part I Income W N 3 3 2 Returns and allowances. Subtract line 2 from line 1 Go to www.irs.gov/ScheduleC for instructions and the latest information. Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065. 1 Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the "Statutory employee" box on that form was checked. 5 6 Business address (including suite or room no.) 2123 4 Cost of goods sold (from line 42) 11 If "Yes," did you or will you file required Forms 1099? Profit or Loss From Business (Sole Proprietorship) City, town or post office, state, and ZIP code Accounting method: (1) Cash (2) Did you "materially participate" in the operation of this business during 2018? If "No," see instructions for limit on losses If you started or acquired this business during 2018, check here Did you make any payments in 2018 that would require you to file Form(s) 1099? (see instructions) Gross profit. Subtract line 4 from line 3 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) Gross income. Add lines 5 and 6 7 Part II Expenses. Enter expenses for business use of your home only on line 30. 8 Advertising.. 8 1,160 9 Car and truck expenses (see instructions).. 10 Commissions and fees Contract labor (see instructions) Depletion 13 Depreciation and section 179 BUCKSNORT STREET SAN ANTONIO, TX 78208 Accrual (3) Other (specify) deduction (not expense included in Part II) (see instructions). 9 10 11 12 13 5,641 1,000 4,000 18 19 20 a b 21 22 23 24 Office expense (see instructions) Pension and profit-sharing plans Rent or lease (see instructions): Vehicles, machinery, and equipment Other business property Repairs and maintenance Supplies (not included in Part III) Taxes and licenses. Travel and meals: Social security number (SSN) 000-00-0000 B Enter code from instructions 5 7 16 30 D Employer ID number (EIN) (see instr.) oooooooo 0 0 1 2 3 4 5 6 7 OMB No. 1545-0074 2018 Attachment Sequence No. 09 18 19 20a 20b 21 22 23 DOI Yes Yes Yes DO 99,200 99,200 99,200 99,200 1,500 7,400 1,975 12,800 400 No No SCHEDULE C (Form 1040) Department of the Treasury Internal Revenue Service (99) F G H Name of proprietor RICK GRIME A Principal business or profession, including product or service (see instructions) LANDSCAPING с Business name. If no separate business name, leave blank. GREEN ACRES LANDSCAPING E I Part I Income W N 3 3 2 Returns and allowances. Subtract line 2 from line 1 Go to www.irs.gov/ScheduleC for instructions and the latest information. Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065. 1 Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the "Statutory employee" box on that form was checked. 5 6 Business address (including suite or room no.) 2123 4 Cost of goods sold (from line 42) 11 If "Yes," did you or will you file required Forms 1099? Profit or Loss From Business (Sole Proprietorship) City, town or post office, state, and ZIP code Accounting method: (1) Cash (2) Did you "materially participate" in the operation of this business during 2018? If "No," see instructions for limit on losses If you started or acquired this business during 2018, check here Did you make any payments in 2018 that would require you to file Form(s) 1099? (see instructions) Gross profit. Subtract line 4 from line 3 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) Gross income. Add lines 5 and 6 7 Part II Expenses. Enter expenses for business use of your home only on line 30. 8 Advertising.. 8 1,160 9 Car and truck expenses (see instructions).. 10 Commissions and fees Contract labor (see instructions) Depletion 13 Depreciation and section 179 BUCKSNORT STREET SAN ANTONIO, TX 78208 Accrual (3) Other (specify) deduction (not expense included in Part II) (see instructions). 9 10 11 12 13 5,641 1,000 4,000 18 19 20 a b 21 22 23 24 Office expense (see instructions) Pension and profit-sharing plans Rent or lease (see instructions): Vehicles, machinery, and equipment Other business property Repairs and maintenance Supplies (not included in Part III) Taxes and licenses. Travel and meals: Social security number (SSN) 000-00-0000 B Enter code from instructions 5 7 16 30 D Employer ID number (EIN) (see instr.) oooooooo 0 0 1 2 3 4 5 6 7 OMB No. 1545-0074 2018 Attachment Sequence No. 09 18 19 20a 20b 21 22 23 DOI Yes Yes Yes DO 99,200 99,200 99,200 99,200 1,500 7,400 1,975 12,800 400 No No

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Ans 1 Schedule C using Accrual Method Description Accrual Income Servicing Revenue Landscaping Reven... View the full answer