Higher Ground Caf$$ & Roastery

$v.2021$

Input all Transactions for January $2021,$ produce the required reports, and submit the report to the Brightspace folder $-$ Assignment $2$ Part $2.$

Part II: Enter the source documents for January in Sage $50,$ using the information provided:

Trial Balance Jan. $31,2021$

Inventory Summary by item Jan. $31,2021$

Vendor Aged Summary Jan. $31,2021$

Customer Aged Summary Jan. $31,2021$

This project is designed to test all the accounting knowledge and skills you have learned in the introductory class, as well as your attention to detail and critical thinking abilities.

Some things to think about as you set up and do the work:

Is each of the customers and vendors set up properly with terms and taxcodes, and where possible the main account for the items purchased or sold?

Are you able to store any entries to reuse later?

Note that the selling price listed in the inventory item list may not match the transactions. The prices listed in the transactions are to be considered correct.

Leave the History button alone till all the work is done. If you do this in the first "year," the opening balances and invoices may be adjusted if needed to reflect what is actually needed.

Advance the Session Date to the end of the first week, and then each week as needed, or right to the end of January.

$1$