ChiHoang
Level 5
03-01-2023
07:41 AM
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Client sold a grocery business operated under S-Corp. on 11/30/22 for $10,000.
Their balance sheet on the last day: cash 54,414, inventory 19,414, loans from shareholders 13,737, capital stock 40,006, retained earnings 19,736.
Please help me how to process transactions in ProSeries professional to dissolve the S-corp and realize loss of sale.
Thanks
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