Enter information into the data fields and set the check boxes and option buttons in setup Accounting

/8th edition / chapter iil / problem Llap / business /accounting /accounting solutions manuals /integrated accounting grated Accounting (8th Edition) (1 Bookmark Show all steps ON Chapter 11, Problem 11AP Problem in this problem, you will set up the accounting, fixed assets payroll inventory and budgeting data for Schaft irrigation Co. Schaff Irrigation Co is a merchandising business organized as a sole proprietorship, is not departmentalized; has payroll voluntary deductions for health insurance dental insurance and credit union prepares checks manually generates the income statement by fisc account) uses the FIFO methadto value its aventory. an : al period uses a perpetual inventory system (merchandising business with CGS d uses a standard accounting system The trai balance schedule of accounts payable schedue of accounts receivable budget pavable, schedu amounts txed assets empioyees and inventory data required to setup the opening balances as of January 1 of the current year are provided as follows