1. If necessary start QBO.
2. Add the following customers
Company: Main Office Depot
Display name as: Main Office Depot
Print on check as (Use display name)
Phone: 312-555-8911
Street: 4123 Broadway
City/Town: Chicago
State: IL
ZIP: 60290
Country: USA
Shipping address (Same as billing address)
Company: WebPro
Display name as: WebPro
Print on check as (Use display name)
Phone: 505-555-5311
Street: 18 Alameda Road
City/Town: Santa Fe
State: NM
ZIP: 87501
Country: USA
Shipping address (Same as billing address)
3. To enter the 12/1 checks and ATM, use the transaction register. Before entering checks, make sure your Checking account register shows the same 11/30 balance, $61,469.59, as the transaction register. (Hint:
Chart of Accounts displays > 101 Checking.) When necessary, type the appropriate payment amounts, ATM, and check number.
4. After recording the 12/1 transactions, display the Bank Register for Account 101 Checking. (Hint: From the Navigation bar, select Accounting > on the Chart of Accounts double-click 101 Checking.) Make sure your ending balance is $61,001.16. If not, edit checks.
Before entering the transactions on the next page, make sure the Checking account register shows $61,001.16
If needed, Checks can be edited by drilling down from the Vendors Page or Audit Log
Date Description of Transaction
12/1/20XX Paid the vendor, AmpleStore Inc. for
Bill No. AS7, $300, Ref no. 1041.
(Hint: Expenses > Vendors >
AmpleStore > Make payment. When
you uncheck Bill # AS12, the bill you
want to pay, AS7, is checked.)
Click .
12/1/20XX Paid the vendor, Any Time Deployment, Bill No. ATD90,
$250, Ref no. 1042.
12/1/20XX Paid the vendor, Conf/Call, Bill No. 78CC, $270, Ref no.
1043.
12/1/20XX Bill no. ATD288 received from Any Time Deployment
for the purchase of 11 network products, $25 each, for a
total of $275. (Hint: You may want to prefill the bill.
Then, verify these Item details−product/service, quantity,
rate, and amount.)
12/1/20XX Bill No.CZ92 received from CloudZ Channel for the
Purchase of 3 web servers, $200 each, for a total of $600.
(Hint: If the Bill prefills, verify these Item details−
quantity, rate, and amount.)
12/1/20XX Bill No. 121CC received from Conf/Call for the purchase
of 5 webinars, $45 each, for a total of $225.
12/1/20XX Bill No. AS23 received from AmpleStore Inc. for the
purchase of 20 data storage devices, $15 each, for a total
of $300.
12/1/20XX Sold 2 computers for cash for a total of $2,000, Sales
Receipt 1014.
12/1/20XX Sold 1 web server on account to WebPro, $400, Invoice
1015.
12/1/20XX Completed 2 webinars on account to Permanente Medical
Services, for a total of $180, invoice 1016.
12/1/20XX Sold 2 network products on account to the Law Offices of
Williamson, Gallagher & Katz, for a total of $100, Invoice
1017.
12/1/20XX Sold 5 data storage devices to eBiz on account, for a total
of $150, Invoice 1018.
12/1/20XX Sold 3 computers for cash for a total of $3,000, Sales
Receipt 1019.
12/1/20XX Sold 1 web server on account to WebPro for a total of
$400, Invoice 1020.
12/1/20XX Sold 6 data storage products on account to Main Office
Depot, for a total of $180, Invoice 1021.
12/1/20XX Paid the vendor, CloudZ Channel, Bill No. CZ33, $1,600,
Ref no. 1044.
5. Continue with Exercise 5-2.