ACC/210 Accounting Information Systems - Chapter 5

  Book - Computer Accounting with Quickbooks Online - Carol Yacht

1. What is account balance from 10/1/20XX to 11/30/20XX in these accounts? Indicate whether these accounts have debit (dr.) or credit (cr.) balances.

Account 101 Checking _____________________

Account 105 Accounts Receivable _____________________

Account 115 Merchandise Inventory _____________________

Account 401 Sales _____________________

Account 501 Cost of Goods Sold _____________________

Account 603 Bank Charges _____________________

2. What is Net Income? _____________________

3. What are the total Liabilities and Equity? _____________________

4. What is the quantity, asset value, and average cost of computers?

5. What is the quantity, asset value, and average cost of data storage?

6. What is the quantity, asset value, and average cost of network products?

7. What is the quantity, asset value, and average cost of web servers?

8. What is the quantity, asset value, and average cost of webinars?