This project has been designed to provide students with more experience in working with basic functions of accounting using QuickBooks Premier Accountant Edition $2018.$ Topics and tasks outlined in the exercises are derived from the same topics and tasks introduced and practiced in the CCI QuickBooks Premier $2018$ Level $1$ courseware.

$1.$ Launch QuickBooks and restore the portable company file New Look Interiors Inc. base $2018($Portable$).$QBM$.$ Save the file as New Look Interiors Inc. $.$ Password: NewLook$18($case sensitive$).$

$2.$ Customize the Home page:

Remove the Statements and Statement Charges icons.

$3.$ Add to these lists. Use the first name, last name protocol for names.

Customer: Frank Bellows, payment terms Net $15.$

Vendor: Fabric Supply House, payment terms $1\%10$ Net $30.$

Vendor: Gabby Hutchins, payment terms Net $30.$

$4.$ Turn on this preference: Automatically place decimal point.

$5$a$.$ Add to these lists:

Sales Rep List: Gabby Hutchins, GH$.$

Terms: New term: $1\%7$ Net $15.$

Items: New Item: Design Service, $$80\mathrm{.}00,$ tax code G$,$ Service Sales account.

$5$b$.$ Make these changes:

Add this main phone number for Frank Bellows: $866-111-5555.$

Add Cost of Goods Sold type GL account named Soft Goods, sub$-$account of Costs of Goods Sold.

Make the following GL accounts sub$-$accounts of Soft Goods: Bedding & Linen, Draperies & Rugs.

$6.$ Add the following individual who needs to be invoiced.

Mary Sullivan with payment terms of Net $15.$

$7.$ Enter an invoice using the default sales tax, receive the payment, and deposit the cheque for the following:

Frank Bellows buys $4$ hours of Design Service on $03/05/2017.$ Use the default sales tax.

His cheque #$4836$ paying the invoice in full arrives on $3/10/2017$ and the deposit to the Chequing Bank Account GL is on $03/11/2017.$

$8.$ Receive payment on two other invoices on $03/13/2017.$ One payment is from Ronald M$.$ Carson, $$2,141\mathrm{.}72,$ cheque #$3297$; and the other is from Celine Cadman, $$1,448\mathrm{.}83,$ cheque #$59346.$ Deposit these payments together on $03/14/2017.$

$9.$ Sell the following to walk$-$in customer Gene Roden: Design Service, $1\mathrm{.}5$ hours, using default sales tax, on $03/15/2017.$ He pays in full before he leaves with cheque #$2376.$ Deposit the cheque on $03/16/2017.$

$10.$ The order for South West Realty, Inc. arrives. Invoice the delivery charge using item S $110$ on $03/16/2017.$

Use the Accounts Receivable Summary Aging report to check the balance for South West Realty, Inc. Open the invoice and receive their payment in full on $03/17/2017$ using cheque #$883264.$ Deposit the payment on $03/17/2017.$

$11.$ Frank Bellows wants to buy more Design Service. Invoice him for $2$ additional hours on $03/19/2017.$ Before he pays, the designer explains he used only $1\mathrm{.}5$ hours. Issue a credit for $\mathrm{.}5$ hours and apply it to the invoice.

$12.$ The cheque from Ronald M$.$ Carson for $$2,141\mathrm{.}72$ comes back from the bank as an NSF$.$ Record the bounced cheque on $03/19/2017$ with a $$25\mathrm{.}00$ bank fee and $$30\mathrm{.}00$ customer fee.

$13.$ A new fabrics supplier needs to be entered: Cotton Organics, with the payment terms $2\%10$ Net $30.$

$14.$ The February bill for Alberta Hydro for $$120\mathrm{.}00$ before tax has arrived. The date is $03/19/2017.$ Find the January bill, duplicate it by creating a copy and update. Pay the bill on $03/22/2017$ assigning the cheque #$188.$

$15.$ Write cheque #$189$ to Telus for $$100\mathrm{.}00($before tax$)$ for Telephone Expense, dated $03/23/2017.$

$16.$ Create a new GL account, credit card type, for Bank Credit Card $($dismiss the message that follows$).$ Then enter a purchase using the credit card from new vendor Tires Unlimited for $$200($before tax$),$ Automobile Expense, dated $03/24/2017.$

$17.$ Enter a debit card purchase for $$125\mathrm{.}00($before tax$)$ for Automobile Expense to Tires Unlimited, dated $03/25/2017.$

$18.$ Write cheque #$190$ to new vendor Postal Service for $$75($before tax$)$ in Postage and Delivery. The tax code is G$.$

$19.$ The bank statement ending $02/28/2017$ needs to be reconciled. The beginning balance is $72,157\mathrm{.}25.$ The ending balance is $84,777\mathrm{.}88.$ The deposit on $02/27/2017$ for $16,327\mathrm{.}39$ is in transit. Also in transit are the $$7,500\mathrm{.}00$ transfer on $02/27/2017$ and cheque #$187.$ One bank service charge of $$10\mathrm{.}00$ needs to be entered.