quickbook problem!!hurry!!!

Part 1 Setting Up Your Company

1. Set Up New Company

Your Name Service Corporation (your first and last name)

2. Set Up the Cash Account

3. Revise the Chart of Accounts

a. Deleting the following accounts

Discounts Shipping, Delivery income Penalties & Settlements

Promotional Miscellaneous Meals and Entertainment

Legal & Professional Fees Dues & Subscriptions Commissions & Fees

Travel Meals Travel Taxes & Licenses

Stationery & Printing All COGS accounts

b. Adding an Account

Computer Equipment with original cost of 6,000 as of 10/1/2012, and depreciation of 1,200 as of 10/1/2015. (check “track depreciation” to enter depreciation amount)

Your Name Notes Payable account

Depreciation Expense (in other expense)

c. Changing an Account Name

Change Supplies to Computer Supplies

Change Prepaid expenses to Prepaid Insurance

Change Depreciation (Fixed Assets) to Accumulated Depreciation

Change Opening balance-equity to Paid in Capital

4. Beginning Balance Sheet

Your first and last name Service Corporation
Balance Sheet
October 1, 2015
ASSETS
Current Assets
Checking	$ 5,000.00
Prepaid Insurance	200.00
Total Current Assets		$ 5,200.00
Fixed Assets
Computer Equipment	$ 6,000.00
Accumulated Depreciation	(1200.00)
Total Fixed Assets		4800.00
Total Assets		$ 10,000.00
LIABILITIES & STOCKHOLDERS' EQUITY
Liabilities
Your Name Notes Payable	$ 2,000.00
Total Liabilities		$ 2,000.00
Stockholders' Equity
Common Stock	$ 1,000.00
Paid in Capital	7000.00
Retained Earnings	0.00	$ 8,000.00
Total Liabilities & Equity		$ 10,000.00

Part 2 Setting Accounting Defaults

1. Set Up Customers

a. Michelle Valkenburgh

Company: Two Sisters B&B

Address: 10 Main Street, Dordrecht, FL 33606

Opening balance: 300.00 as of 10/1/2015

Preferred Method: Check

Terms: Net 30

b. Nick Nedeau

Company: Cyberconnect Cafe

Address: 20 Main Street, Dordrecht, FL 32606

Opening balance: 280.00 as of 10/1/2015

Preferred Method: Check

Terms: Net 30

c. Accountant

Company: NFP Access

Address: 30 Polder Street, Hague, FL 32603

Opening balance: 295.00 as of 10/1/2015

Preferred Method: Check

Terms: Net 30

2. Set Up Products & Services

Name and Description	Rate per Hour	Account
Maintenance Service	$ 30.00	Services
New Service	$ 100.00	Services
Repair Service	$ 50.00	Services
Emergency Service	$ 200.00	Services

3. Set Up Vendors

a. Alice Lake

Company: Big Bytes Supplies

Address: 100 Gator Lane, Swamp, FL 32611

Terms: Net 30

Opening balance: 520.00 as of 10/1/2015

b. Alberta Santa Fe

Company: Sales Products Supply

Address: 32 University Drive, Swamp, FL 32611

Terms: Net 30

Opening balance: 100.00 as of 10/1/2015