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Problem 3. ( sorry for a confsion)

Problem 3 (13 points) A. Acme Company fa sole proprietorship) had the following expenses: 1 1000 pads of paper embossed with the company logo to hand out at the Big Time Convention 5700 2. Display racks to use at the convention center 200 3. An all-expense vacation for Susie's 25 years of service awarded under a qualified plan 2.500 4. A golden cone to recognize Wayne's on the job safety record 320 Acme has a qualified plan for the job awards Calculate Acme's total deductions for the above expenses. For each item determine the amount and how it would be reported on the schedule C. 3. lezebel loaned her friend $7.000 to buy a used car. She had her end sign a note with repayment terms and set a reasonable interest rate interest rate on the note because she wante Her friend is now on osoitty and has made it clear che wanted her friend to understand that was purely a loan and not a Rift Her friend is now on disabi of paying back the loan. How should Jezebel treat the bad loan forta Problem 3 (13 points) A. Acme Company fa sole proprietorship) had the following expenses: 1 1000 pads of paper embossed with the company logo to hand out at the Big Time Convention 5700 2. Display racks to use at the convention center 200 3. An all-expense vacation for Susie's 25 years of service awarded under a qualified plan 2.500 4. A golden cone to recognize Wayne's on the job safety record 320 Acme has a qualified plan for the job awards Calculate Acme's total deductions for the above expenses. For each item determine the amount and how it would be reported on the schedule C. 3. lezebel loaned her friend $7.000 to buy a used car. She had her end sign a note with repayment terms and set a reasonable interest rate interest rate on the note because she wante Her friend is now on osoitty and has made it clear che wanted her friend to understand that was purely a loan and not a Rift Her friend is now on disabi of paying back the loan. How should Jezebel treat the bad loan forta

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