Question: QuickBooks Exercises In this short exercise you will create and modify the chart of accounts for a new company, record transactions and print out financial
QuickBooks Exercises In this short exercise you will create and modify the chart of accounts for a new company, record transactions and print out financial reports. Name your company by your first and last name with your ID (e.g., Adam-Thoson- 3476) 1. Deposited $5,000 cash in the business's bank account. The company received the cash and issued common stocks 2. The company purchased a car for $1,750 on account from Melton Supply 3. The company bought equipment, paying cash, 1,750 4. The company purchased office supplies for $270 cash 5. The company provided services to the Walker Company for S1,800 on account. 6. The company paid S500 to Melton Office Supply 7. The company borrowed a short-term debt (notes payable) from the bank, $20,000 8. The company received $1,000 in cash for services provided to a new customer 9. Shortly after opening the business, the company paid the month's rent of $650 10. The company paid S100 cash to repair car 11. The company paid $450 cash in salary. (Lisa as an employee) 12. The company received $1,100 cash from Walker Company 13. The owner purchased a car for his personal usage by $14,000 cash 14. The company sold 2000 of its furniture for cash 15. The company received and paid a bill from newspaper advertising from City News, $200 16. Declared and paid dividends of $600
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