In Project Deliverable 2, you will assume the roles of Accountants who set up a new...

 

Transcribed Image Text:

In Project Deliverable 2, you will assume the roles of Accountants who set up a new Company called Your ID Manufacturing, Inc., a manufacturing business organized as a manufacturing Company. Accounts payable, accounts receivable, inventory, and payroll transactions are included in this deliverable. Before Starting: Download Project Deliverable 2.ptb file and restore in Sage50. Change the name using your ID. Required: Journalize and post the following transactions: (5 pts each) 05 Jan. 2017 Invoice No. 315 was received from David Dash Fabrics for 15 sleeping bags @ $27.50 each. 05 Jan. 2017 Invoice No. 45 was received from RK Supplies for 20 backpacks @ $37.50 each. 05 Jan. 2017 Invoice No. 800 was received from Estes Products for 16 tents @ $47.85 each. 12 Jan. 2017 Sold 20 backpacks on account to Boyd's Outdoor Suppliers @ $150 each. Invoice No. 101. 12 Jan. 2017 Sold 12 sleeping bags on account to Suzan's Camping Store @ $105 each. Invoice No. 102. 12 Jan. 2017 Sold 20 tents on account to West's Store @ $175 each. Invoice No. 103. Issued Check No. 1001 to RK Supplies in full payment of purchase Invoice No. 45. (Select Account No. 10200, Adams Bank as the cash account. In the Check/Reference field, type 1001. In the Discount Account field, make sure that Account No. 59500, Purchase Discounts is shown.) Issued Check No. 1002 to David Dash Fabrics in full payment of purchase Invoice No. 315. 15 Jan. 2017 15 Jan. 2017 15 Jan. 2017 Issued Check No. 1003 to Estes Products in full payment of purchase Invoice No. 800. 19 Jan. 2017 Invoice No. 328 was received from David Dash Fabrics for 15 sleeping bags @ $27.50 each. еach. 19 Jan. 2017 Invoice No. 900 was received from Estes Products for 20 tents @ $47.85 each. 22 Jan. 2017 Received full payment from Boyd's Outdoor Suppliers for sales invoice 101. (Select Account No. 10200, Adams Bank, as the cash account. Use the date of the transaction in the Deposit ticket ID field. In the Check/Reference field, type Inv. 101.) 22 Jan. 2017 Received full payment from Suzan's Camping Store for sales invoice 102. In the Check/Reference field, type Inv. 102. Received full payment from West's Store for sales invoice 103. In the Check/Reference 22 Jan. 2017 field, type Inv. 103. 22 Jan. 2017 Sold 25 sleeping bags on account to Suzan's Camping Store @$105 each. Invoice No. 104. 22 Jan. 2017 Sold 21 tents on account to West's Store @ $175 each. Invoice No. 105. 29 Jan. 2017 Issued Check No. 1005 to Jefferson Savings & Loan for $800 in payment of Credit Card Payable. (Expense Account = 22000) 29 Jan. 2017 Issued Check No. 1006 to the Hill Power Company for $204.75 in payment of utilities. (Expense Account = 78000.) Issued Check No. 1007 to Eastern Telephone for $189.10 in payment of telephone bill. Expense Account = 76000.) 29 Jan. 2017 30 Jan. 2017 Received full payment from West's Store for sales invoice 105. In the Reference field, type Inv. 105. In Project Deliverable 2, you will assume the roles of Accountants who set up a new Company called Your ID Manufacturing, Inc., a manufacturing business organized as a manufacturing Company. Accounts payable, accounts receivable, inventory, and payroll transactions are included in this deliverable. Before Starting: Download Project Deliverable 2.ptb file and restore in Sage50. Change the name using your ID. Required: Journalize and post the following transactions: (5 pts each) 05 Jan. 2017 Invoice No. 315 was received from David Dash Fabrics for 15 sleeping bags @ $27.50 each. 05 Jan. 2017 Invoice No. 45 was received from RK Supplies for 20 backpacks @ $37.50 each. 05 Jan. 2017 Invoice No. 800 was received from Estes Products for 16 tents @ $47.85 each. 12 Jan. 2017 Sold 20 backpacks on account to Boyd's Outdoor Suppliers @ $150 each. Invoice No. 101. 12 Jan. 2017 Sold 12 sleeping bags on account to Suzan's Camping Store @ $105 each. Invoice No. 102. 12 Jan. 2017 Sold 20 tents on account to West's Store @ $175 each. Invoice No. 103. Issued Check No. 1001 to RK Supplies in full payment of purchase Invoice No. 45. (Select Account No. 10200, Adams Bank as the cash account. In the Check/Reference field, type 1001. In the Discount Account field, make sure that Account No. 59500, Purchase Discounts is shown.) Issued Check No. 1002 to David Dash Fabrics in full payment of purchase Invoice No. 315. 15 Jan. 2017 15 Jan. 2017 15 Jan. 2017 Issued Check No. 1003 to Estes Products in full payment of purchase Invoice No. 800. 19 Jan. 2017 Invoice No. 328 was received from David Dash Fabrics for 15 sleeping bags @ $27.50 each. еach. 19 Jan. 2017 Invoice No. 900 was received from Estes Products for 20 tents @ $47.85 each. 22 Jan. 2017 Received full payment from Boyd's Outdoor Suppliers for sales invoice 101. (Select Account No. 10200, Adams Bank, as the cash account. Use the date of the transaction in the Deposit ticket ID field. In the Check/Reference field, type Inv. 101.) 22 Jan. 2017 Received full payment from Suzan's Camping Store for sales invoice 102. In the Check/Reference field, type Inv. 102. Received full payment from West's Store for sales invoice 103. In the Check/Reference 22 Jan. 2017 field, type Inv. 103. 22 Jan. 2017 Sold 25 sleeping bags on account to Suzan's Camping Store @$105 each. Invoice No. 104. 22 Jan. 2017 Sold 21 tents on account to West's Store @ $175 each. Invoice No. 105. 29 Jan. 2017 Issued Check No. 1005 to Jefferson Savings & Loan for $800 in payment of Credit Card Payable. (Expense Account = 22000) 29 Jan. 2017 Issued Check No. 1006 to the Hill Power Company for $204.75 in payment of utilities. (Expense Account = 78000.) Issued Check No. 1007 to Eastern Telephone for $189.10 in payment of telephone bill. Expense Account = 76000.) 29 Jan. 2017 30 Jan. 2017 Received full payment from West's Store for sales invoice 105. In the Reference field, type Inv. 105.

Answer rating: 100% (QA)

Answer Jounnal Entry Debit Credit Date 201 Jan 4125 Dy Punchase alc 05 4125 To David Doash Fabric... View the full answer