quick books

QuickBooks - Chapter 5 Assignment

Remember that it is common for online software to update graphics and some processes. You may find the screen will differ from the textbook in several locations. I found everything to work well with just a few differences.

The Procedure Review at the end of the chapter will be helpful. It includes step-by-step directions for the processes in Chapter 5. Chapter Notes may also help.

Open Chapter Case

Craig’s Design and Landscaping Services (pages 127-154)

https://QBO18.ParadigmEducation.con/TestDrive

Place a check mark in the box beside “I am not a robot.”

Remember to keep the Test Drive open until you have saved your reports. Your work does not save when it closes. Use the back and forward arrows or the Navigation bar to move around.

DO NOT CLOSE THE TAB UNTIL YOUR REPORTS ARE SAVED.

Chapter Dates:

Use the month of February and year 2021 for this chapter. The days listed may remain as the chapter. Just change the month and year.

Change Settings

· Change your company name to EX5 [Your Name] Craig’s Design and Landscaping Services (Gear Icon/Account and Settings/Company name section)

· You may also want to change the amount of time that QuickBooks will remain open while inactive incase you are interrupted while working. (Gear Icon/Account and Settings/Advance/scroll down to Other Preferences)

Update the Chart of Accounts List

Record Transactions

· The Create Icon displays at the top of the Navigation Bar (menu) on the left. It is a horizontal oval with a plus mark inside. The icon displayed in the text will display in the upper right of the screen if the Navigation Bar is not displayed.

· Enter the Bills on pages 138-139.

· Create the Trial Balance Report and set the Report Dates to 02/01/2019 to the current date. The dates suggested did not work. You are looking for the balance in the Office Supplies. Print the report or write down the balance to have later in the chapter.

· Enter the Adjustment Entries. The Lecture notes will give more details about adjustments.

The adjustment for the Truck Depreciation will:

Debit the Depreciation Expense Account found at the bottom of the Accounts listed

Credit Truck: Accumulated Depreciation Account

Prepare reports

· Create each report as directed (report dates are listed below) and export reports to Excel (icon found upper right of report)

· With report in Excel, change to Landscape View. Then save to your computer or flash drive so you will be able to send to BlackBoard.

Journal Report –

· Create a Journal Report Filtered to display only the journal entries as directed in text.

· Remember to correct the amount for AJE5 as directed on page144.

· Report Dates: 02/01/2021 to 02/28/2021

Trial Balance Report – (customized with name change)

· Report Dates: 02/01/2019 to current date.

· This should be after the adjustments have been recorded.

· Change the title of the Report to Adjusted Trial Balance Report as directed in the textbook.

Complete Key Concepts (page 157)

Prepare a list in Microsoft Word with the question number along with the correct letter for each.

Submit in BlackBoard. (Journal Report, Trial Balance, and Key Concepts Answers.)