New Semester
Started
Get
50% OFF
Study Help!
--h --m --s
Claim Now
Question Answers
Textbooks
Find textbooks, questions and answers
Oops, something went wrong!
Change your search query and then try again
S
Books
FREE
Study Help
Expert Questions
Accounting
General Management
Mathematics
Finance
Organizational Behaviour
Law
Physics
Operating System
Management Leadership
Sociology
Programming
Marketing
Database
Computer Network
Economics
Textbooks Solutions
Accounting
Managerial Accounting
Management Leadership
Cost Accounting
Statistics
Business Law
Corporate Finance
Finance
Economics
Auditing
Tutors
Online Tutors
Find a Tutor
Hire a Tutor
Become a Tutor
AI Tutor
AI Study Planner
NEW
Sell Books
Search
Search
Sign In
Register
study help
business
computer accounting with quickbooks
Using QuickBooks Accountant 2018 For Accounting 16th Edition Glenn Owen - Solutions
Give an example of unearned revenue, and explain the process for end-of-period adjustments involving unearned revenue.
Explain how to access general journal entries.
What menu item do you use to start bank reconciliations?
What account is typically used to record service charges?
Restore the file Boston Catering. Enter budgeted revenues and expenses described below and then print the Profit & Loss Budget Overview and Profit & Loss Budget vs. Actual reports for the month ended July 2010.a. Budgeted revenues for July include bar sales of \($2,000\) and catering sales of
Which menus are used to create budget reports in QuickBooks Accountant?
Describe how you use the calculator feature that is built into QuickBooks Accountant.
Restore the Sports City (Backup) file that you downloaded from the student companion site. Record the following business events in chronological order (remember, dates are in the month of April 2015).Create, memorize, and print the following reports with no date prepared, time prepared, or report
Explain the typical relationship between Retained Earnings and net income/loss, and describe how this information is included in the QuickBooks Accountant budgeting process.
Explain how you can use QuickBooks Accountant to modify any report.
Restore the file Boston Catering create the following graphs for the period 7/1/10 through 8/31/10 unless otherwise specified.a. Income and expense graph by month by account.b. Income and expense graph by month by customer.c. Sales graph by item.d. Sales graph by customer.e. Accounts receivable
Make a copy of the QuickBooks Accountant file you created for Pacific Brew in that chapter. Record the following business events in chronological order (remember, dates are in the month of January 2016).Create, memorize, and print the following reports with no date prepared, time prepared, or
You added some transactions to your QuickBooks Accountant file for Forever Young. Make a copy of that file, and use that copy to create and print the following. Be sure to remove the date prepared, time prepared, and report basis fields where appropriate, and memorize where possible in a report
Restore the file Wild Water Sports and then create, memorize, and print the following reports, graphs, or spreadsheets. As with all reports, remove the date prepared, time prepared, and report basis.a. Income Statement for the four months ended 4/30/22 that includes a % of Income column,
What are the optional columns available in the Modify Report window when you create a balance sheet?
Restore the file Boston Catering create the following reports for the period 7/1/10 through 8/31/10 (unless otherwise specified) in a manner similar to that used in the chapter.a. Sales by customer summary.b. Sales by item summary.c. Accounts receivable aging summary as of 8/31/10.d. Accounts
You added some transactions to your QuickBooks Accountant file for Ocean View Flowers. Make a copy of that file, and use that copy to create and print the following. Be sure to remove the date prepared, time prepared, and report basis fields where appropriate, and memorize where possible in a
Make a copy of the QuickBooks Accountant file you created for Sunset in that chapter. Record the following business events in chronological order (remember, dates are in the month of January 2015).Create, memorize, and print the following reports with no date prepared, time prepared, or report
Restore the file Central Coast Cellular and use that copy to create and print the following. Be sure to remove the date prepared, time prepared, and report basis fields where appropriate, and memorize where possible in a report group called Solutions. When memorizing, you can choose to replace the
What time periods are available for the columns of a balance sheet?
Restore the file Boston Cateringa. Create a standard profit and loss report for the month of August 2010 removing the date prepared, time prepared, and report basis from the header.b. Export the report created in (a) to Excel in a manner similar to that used in the chapter.c. Print the resulting
You added some transactions to your QuickBooks Accountant file for Aloha Properties. Make a copy of that file, and use that copy to create and print the following. Be sure to remove the date prepared, time prepared, and report basis fields where appropriate, and memorize where possible in a report
Change the company name to include Ch 11 at the end so that the new company name is Bridgette Sweet Photography Ch 11. Add the following business events:Create, memorize, and print the following reports with no date prepared, time prepared, or report basis fields. When memorizing, you can choose to
Restore the file Santa Barbara Sailing and use that copy to create and print the following. As before, be sure to remove the date prepared, time prepared, and report basis fields where appropriate, and memorize where possible in a report group called Solutions. When memorizing, you can choose to
Change the company name to include Ch 11 at the end so that the new company name is Crystal Clear Pool Service Ch 11. Add the following business events:Create, memorize, and print the following reports with no date prepared, time prepared, or report basis fields. When memorizing, you can choose to
What options are available in the Fonts & Numbers tab for a balance sheet?
Restore the file Drone City. Use that copy to create and print the following. As before, be sure to remove the date prepared, time prepared, and report basis fields where appropriate, and memorize where possible in a report group called Solutions. When memorizing, you can choose to replace the
How do you resize a report that would normally print on two pages so that it will fit on one page?
When you create a balance sheet, what is the result of clicking the Collapse button?
What different graphs are available in QuickBooks Accountant?
Discuss why percentage changes identified in the budgeted vs. actual reports need to be interpreted carefully.
Describe the information available in the accounts receivable and accounts payable aging reports.
Describe the information available in the sales by item report.
What is the Fixed Asset Manager?
Restore the file Central Coast Cellular Ch 12 (Backup) that you downloaded from the student companion site, and then:• Modify the 1/08/09 purchase of equipment using check 3002 to reflect the creation of a new fixed asset item using Equipment 1 as its purchase description and asset name.•
Describe the process for modifying a check, previously written to purchase a fixed asset, to establish a new fixed asset item in QuickBooks Accountant.
Restore the file Santa Barbara Sailing Ch 12 (Backup) that you downloaded from the student companion site, and then do the following like you did in the chapter:• Create a new client in the Fixed Asset Manager (current year 7/1/15–6/30/16, book depreciation method: straight-line).• Modify
How is the fixed asset list automatically updated?
What circumstances require the fixed asset list to be manually updated?
How does the Fixed Asset Manager calculate current period depreciation?
Can the Fixed Asset Manager provide you a schedule of future depreciation? If so, what information is part of this schedule?
Restore the file Drone City Ch 12 (Backup) that you downloaded from the student companion site and then do the following like you did in the chapter:• Create a new client in the Fixed Asset Manager (current year 1/1/17–12/31/17, book depreciation method: straight-line).• Modify fixed assets
When is the Fixed Asset Manager synchronized with the fixed asset list?
What information is provided by the Fixed Asset Manager’s Depreciation Schedule by G/L Account Number report?
Describe the financial accounting journal entry to record the sale/disposal of a fixed asset.
Working with Files Open the Larry’s Landscaping & Garden Supply file you used in the chapter to practice opening, closing, and printing.Create a Customer Balance Summary report as of 12/16/2022 from the Customers & Receivables menu item on the Reports menu.Click the Collapse button to condense
Practice Using the QuickBooks Accountant Help Menu Use the QuickBooks Desktop Help item in the QuickBooks Accountant Help menu to learn more about QuickBooks Accountant’s features.a. Search on “Print a report,” and print this topic.b. Search on “Add a customer.” Print this topic.c. Search
Accessing Inventory Data Scott Montalvo wants to know the amount and nature of inventory on hand as of December 15, 2022. Open the Larry’s Landscaping & Garden Supply file you used in the chapter.Open an Inventory Valuation Summary report. Write your responses to questions below and print the
Accessing Sales Data Scott has questions about the company’s sales for the month of December. Open the Larry’s Landscaping & Garden Supply file you used in the chapter. Open the Sales by Customer Detail report.Write your responses to the following questions.a. What amount was DJ’s Computers
List the preset ways in which QuickBooks Accountant can present a balance sheet.
What time period alternatives does QuickBooks Accountant provide for a balance sheet?
List the steps you would take to create a balance sheet for a date other than the current system date.
Describe the steps to generate a balance sheet in QuickBooks Accountant.
Describe the steps to resize the columns of a Comparative Balance Sheet.
Describe the different types of transactions you might find in a Transactions by Account report on accounts receivable.
Describe how QuickZoom gives you more information about a balance sheet.
How might a manager use QuickZoom to analyze a business’s financial position as reported in a balance sheet?
List five ways you can customize a QuickBooks Accountant report.
Suppose you wanted to include a column in a balance sheet that described what percentage each asset, liability, and owners’ equity account was of the total assets amount. How would you do this in QuickBooks Accountant?
Scott asks you to help him prepare a balance sheet. Use the Larry’s Landscaping & Garden Supply file you used in the chapter. (Be sure to type your name in the Extra Footer Line of this report.)a. He asks you to prepare and print a Summary Balance Sheet as of October 31, 2022. He wants the
Scott asks you to help him investigate the Accounts Receivable balance as of October 31, 2022.Use the Larry’s Landscaping & Garden Supply file you used in this chapter.Open the Summary Balance Sheet October 2022 memorized report.Modify it so that the From date is 10/1/22, click Refresh, and then
Supply file you used in this chapter. Modify the Comparative Summary Balance Sheet you created in the chapter (remember, you memorized it, so it is easy to recall) to include September, October, and November amounts with a % of Column. Change the report title and format the page as shown in Figure
Meagan Casey is the sole proprietor and owner of Sierra Marina, located at the north end of Shaver Lake in the California Sierra Mountains. She has been in business for a few years and decided on July 1, 2014, to automate her accounting using QuickBooks Accountant. Meagan has already entered the
Kelly Jennings has just started working full time in her new business, an advertising agency named Jennings & Associates and located in San Martin, California.Like many eager entrepreneurs, she started her business while working full time for another firm. At first, her billings were quite small.
Jason Galas has a well-deserved reputation as a leader in innovative and cutting-edge corporate tax planning with over 20 years of experience. His firm’s diverse practice extends beyond ordinary tax issues. Jason decided to automate his accounting using Peachtree. His bookkeeper has already
List at least three of the preset formats that QuickBooks Accountant provides for an income statement.
Identify the different periods of time that QuickBooks Accountant provides for an income statement.
Describe the steps necessary to create an income statement for a period other than one ending on the computer’s current system date.
Describe the steps necessary to generate an income statement in QuickBooks Accountant.
Describe the steps necessary to create a standard income statement.
Describe the steps necessary to modify an income statement so that it includes comparative information.
How does QuickZoom help you further investigate an income statement?
How could a manager use QuickZoom to access underlying information as reported in an income statement?
List five report modification features of QuickBooks Accountant that can be applied to an income statement.
How would you modify an income statement to include a column describing the percentage relationship between expenses and total revenues?
Scott has asked you to help him prepare a new income statement. Include your name in the Extra Footer Line of all reports printed. Use the file from your chapter work.a. First, he asks you to prepare and print Profit & Loss Standard report that includes operating information for September 2022. He
Create a new Profit & Loss Standard report for the month of February 2022. Investigate the $1,885.00 of Fountain & Garden Lighting income. Examine the invoice used to record this income.a. Which customer was billed for these services?b. Which invoice number was used to bill this customer?c. Is
Use the income statement you memorized in Assignment 1a above by changing the From/To dates to 3/1/22 and 3/31/22, respectively, and then memorize (with a new name) and print this report.
Meagan Casey, sole proprietor and owner of Sierra Marina, requires some additional financial reports.Requirements:Prepare, memorize, and print the following reports using Meagan’s Sierra Marina QuickBooks Accountant file. (Use the file you restored in Chapter 2 or restore this file from the
As you learned in Chapter 2, Kelly Jennings prepared a balance sheet to submit to her banker with her application for a business loan. When she delivered the balance sheet to the banker, he told her that he also needed information about her operations. In other words, her banker needed an income
Jason Galas requires some additional financial reports.Requirements:Prepare and print the following reports using the Jason Galas Attorney at Law PC file.Be sure to include your name in the Extra Footer Line of each report where possible.1 Prepare a new standard Profit & Loss Report for the month
Describe, in your own words, the various uses of QuickBooks Accountant.
List the four basic features of QuickBooks Accountant.
Describe how lists are used in QuickBooks Accountant.
Describe how forms are used in QuickBooks Accountant.
Name three forms used in QuickBooks Accountant.
Describe how registers are used in QuickBooks Accountant.
Describe how reports and graphs are used in QuickBooks Accountant.
Describe the function of the centers in QuickBooks Accountant.
Describe how to print a report in QuickBooks Accountant.
Describe two of the Help features available in QuickBooks Accountant.
Select the letter of the item below that best matches the definitions that follow. Use the text or QuickBooks Accountant Help to complete this assignment. a. Student companion site b. Lists c. Forms d. Registers e. Reports and graphs f. Restoring a backup A repository for all financial activity for
Showing 100 - 200
of 192
1
2
Step by Step Answers
Get 50% OFF
Claim Now
