Start the QuickBooks Online test-drive. Using Craig's Design and Landscaping Services, complete all the hands-on work,...
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Start the QuickBooks Online test-drive. Using Craig's Design and Landscaping Services, complete all the hands-on work, step-by-step activities presented on pages 1 to 46, and Exercises 1-1 and 1-2 on pages 47-50. To answer the questions below, use the information in QuickBooks from your Chapter 1 work. Exercises 1-1 and 1-2 Required: 1 to 3: What are the amounts for the following items? (Enter your answers with 2 decimal places.) Answer is complete but not entirely correct. Question 1. Total debits and credits - Journal 23 Amy's Bird Sanctuary - Accounts Receivable 3. Sushi by Katsuyuki-Accounts Receivable Amount $ 3,588.56 $ 891.00 43.20 $ 4 to 7: What was the debited account for the transactions relating to the following names? 4. Cool Cars Cal Telephone 6. Chin's Gas and Oil 45 5. Answer is complete but not entirely correct. 67 Question 7. Red Rock Diner Account Automobile: Fuel Checking Meals and Entertainment Travel Meals X 4. Enter the following transactions. Use your current date and year. Sold 3 rock fountains on account to the customer, Amy's Bird Sanctuary, $825 plus 8% sales tax, total $891. (If a Hi Craig! page appears, click on the left arrow to return to the Dashboard.) . • Sold 20 sprinkler heads on account to the customer, Sushi by Katsuyuki, $40 plus 8% sales tax; total $43.20. (Hint: For sales tax. select California.) . . • Completed 3 hours of custom design work for Cool Cars; received $225. (Hint: Payment method, Check; Deposit to, Checking: Product/Service, Design: No sales tax.) • Completed 10 hours of custom design work on account for the customer, John Melton, $750. . > Sales Receipt. Completed 4 hours of installation of landscape design for Kookies by Kathy; received $200. (Hint: Payment method, Check; Deposit to, Checking: Product/Service, Installation; no sales tax charged for installation.) Received a bill from Lee Advertising, $250, for local paper advertising. Received a bill from Cal Telephone for $56.50, for telephone expense. Received a bill from PG&E for $86.44, for utilities (gas and electric) expense. Received a bill from Hall Properties for $900, for building lease. . • Issued Check No. 71 from the Checking account to Chin's Gas and Oil, $48.05, for Automobile:Fuel. (Hint: In the Category field, select Automobile:Fuel. Type the Amount, $48.05. Since you restarted the sample company, the default check number is 71.) . . . . • Issued Check No. 72 to Ellis Equipment Rental, from the Checking account, $115, for equipment rental expense. (Hint: In the Category field, select Equipment Rental, an Expenses account.) • Issued Check No. 73 to Red Rock Diner, from the Checking account, for $23.37, for Meals and Entertainment. . Check Your Figures: Checking Accounts Receivable Accounts Payable. Design Income Advertising 1,439.58 6,965.72 2,895.61 3,225.00 324.86 Start the QuickBooks Online test-drive. Using Craig's Design and Landscaping Services, complete all the hands-on work, step-by-step activities presented on pages 1 to 46, and Exercises 1-1 and 1-2 on pages 47-50. To answer the questions below, use the information in QuickBooks from your Chapter 1 work. Exercises 1-1 and 1-2 Required: 1 to 3: What are the amounts for the following items? (Enter your answers with 2 decimal places.) Answer is complete but not entirely correct. Question 1. Total debits and credits - Journal 23 Amy's Bird Sanctuary - Accounts Receivable 3. Sushi by Katsuyuki-Accounts Receivable Amount $ 3,588.56 $ 891.00 43.20 $ 4 to 7: What was the debited account for the transactions relating to the following names? 4. Cool Cars Cal Telephone 6. Chin's Gas and Oil 45 5. Answer is complete but not entirely correct. 67 Question 7. Red Rock Diner Account Automobile: Fuel Checking Meals and Entertainment Travel Meals X 4. Enter the following transactions. Use your current date and year. Sold 3 rock fountains on account to the customer, Amy's Bird Sanctuary, $825 plus 8% sales tax, total $891. (If a Hi Craig! page appears, click on the left arrow to return to the Dashboard.) . • Sold 20 sprinkler heads on account to the customer, Sushi by Katsuyuki, $40 plus 8% sales tax; total $43.20. (Hint: For sales tax. select California.) . . • Completed 3 hours of custom design work for Cool Cars; received $225. (Hint: Payment method, Check; Deposit to, Checking: Product/Service, Design: No sales tax.) • Completed 10 hours of custom design work on account for the customer, John Melton, $750. . > Sales Receipt. Completed 4 hours of installation of landscape design for Kookies by Kathy; received $200. (Hint: Payment method, Check; Deposit to, Checking: Product/Service, Installation; no sales tax charged for installation.) Received a bill from Lee Advertising, $250, for local paper advertising. Received a bill from Cal Telephone for $56.50, for telephone expense. Received a bill from PG&E for $86.44, for utilities (gas and electric) expense. Received a bill from Hall Properties for $900, for building lease. . • Issued Check No. 71 from the Checking account to Chin's Gas and Oil, $48.05, for Automobile:Fuel. (Hint: In the Category field, select Automobile:Fuel. Type the Amount, $48.05. Since you restarted the sample company, the default check number is 71.) . . . . • Issued Check No. 72 to Ellis Equipment Rental, from the Checking account, $115, for equipment rental expense. (Hint: In the Category field, select Equipment Rental, an Expenses account.) • Issued Check No. 73 to Red Rock Diner, from the Checking account, for $23.37, for Meals and Entertainment. . Check Your Figures: Checking Accounts Receivable Accounts Payable. Design Income Advertising 1,439.58 6,965.72 2,895.61 3,225.00 324.86
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To determine the total debits and credits lets record the provided transactions and calculate the amounts Question Amount 1 Total debits and Journal 339756 2 Amys Bird Sanctuary Accounts Receivable 89... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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