Hello,
I am working on form 1120S . I got through everything just fine until the balance sheet. I have checked all my entries multiple times. I cannot get my liabilities and capital section to balance. It is off by +85763.00.
Last year my retained earnings was -86271.00. Not sure that is the problem since I have reconciled every year before. There is an adjustment last year for 61826.00. Owner paid loan off for assets. However the whole loan was $90000.00 this includes 2148.69 interest. I have tried everything I can think of, everything suggested. I do not know what to do now.
