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Level 1
March 11, 2021
Solved

Receiving error that balance sheet is out of balance in 1120S . How do I correcy it?

  • March 11, 2021
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Best answer by ihan

Please go to Form 1120S Page 4 Schedule L. Your total assets Line 15 should equal to total Liabilities and shareholders' equity Line 27.

1 reply

ihanAnswer
Level 4
March 11, 2021

Please go to Form 1120S Page 4 Schedule L. Your total assets Line 15 should equal to total Liabilities and shareholders' equity Line 27.