Assignment
Introduction to QuickBooks:JournalEntries for Merchandising Activities: Sales and Purchases
This assignment requires Quickbooks software
1.Settingup company:
Go to Home page select the widget to the direct top right of the word helpand select on the left side settings then company setting.
For each edit hit the pen picture on the right hand side of each section.Enter the company name Pit Bull Sings T-Shirt. Enter information as indicatedbelow:
Company address: c/o CSU- Global; 7800 Orchard Road- Suite200
City: Greenwood Village CO 80111
State: CO
ZIP code: 80111
Phone Number: 999.999.9999
Choose Accrual Basis
Go to advanced settingand be sure everything is turned on except the accounting setting for theclosing of the books.
X out of this screen which returns you to the home page.
TIPS:
1.
1.Do not forget to clickon save and new after you input and file.
2.Backup your companyinformation many times as you work. To do this click the button at the bottomof each screen called: save and new
3.Always check to besure your input dates are correct. Transaction input date are on the top leftside above the journal entryAlways best to record terms within the journalentry in the extra line provided to the right of A/R or A/P
4.Always best to recordterms within the journal entry in the extra line provided to the right of A/Ror A/P
2. Prepare journal entries.Be sure all dates agree with the problem and are not todays date
Instructions:Enter above transactions intoQuickBooks. To submit: go to home/reports/balance sheet and be sure your dates include August 12015 to August 8 2015. Also click on the inventory figure on the balance sheetto see the transactions within inventory. Cut and paste both of these reportsinto a document.