Accounting hw

Resources: QuickBooks^® Online Assignment Supplementary Material, and Ch. 3 -Transactions and Trial Balance Presentation

Access QuickBooks^® Online

Using the QuickBooks^® Online Assignment Supplementary Material and the Ch. 3 -Transactions and Trial Balance Presentation, create the following 10 transactions for Sierra Corporation.

Part 1

4 deposits received:

• 10/1/2013-$10,000 deposit in exchange for $10,000 worth of common stock.
• 10/1/2013-$5,000 deposit received from Castle Bank in exchange for a note payable.
• 10/2/2013-$1,200 deposit for unearned service revenue (cash advance) from client R Knox.
• 10/3/2013-$10,000 deposit received from Customers for service revenue earned.

5 checks written:

• 10/2/2013-$5,000 check written to Superior Equipment Sales for Equipment
• 10/3/2013-$900 check written to landlord for monthly rent
• 10/4/2013-$600 check written to insurance company for prepaid insurance
• 10/20/2013-$500 check written to shareholders for dividends
• 10/26/2013-$4,000 check written to employees for salaries

1 journal entry made:

• 10/5/2013-Purchase supplies (debit supplies inventory) on account (credit accounts payable) for $2,500.

Part 2

Using the input from Part 1, create a Trial Balance:

• Select “Reports” from the menu along the left-hand side.
• In the Go to reports search-box, type Trial Balance.
• Select Trial Balance from the suggestions drop-down.
• Input directly or select the dates to run the report.  These dates should correspond to the Sierra Corporation data you input.
• Select the Excel tab at the top left of your screen to export this information into an Microsoft^® Excel^® document.

Click the Assignment Files tab to submit your Microsoft^® Excel^® document from Part 2 of your assignment.

 

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Second assignment Click Assignment: Week 2 Assignment within WileyPLUS to complete the following exercises: 

• BYP 2-2
• IFRS 2-6
• Exercise 3-4
• Exercise 3-8
• Exercise 3-10
• BYP 3-2
• IFRS 3-2
• Problem 3-5A
• Problem 3-6A
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• third assignment

• Resource: WileyPLUS

  Complete the following Week 2 Assignment in WileyPLUS. From the Read, Study, Practice screen, click on the ORION: Personalized Practice link in the left corner of the page.

  • Chapter 1 Orion Proficiency report
  • Chapter 2 Orion Proficiency report
  • Chapter 3 Orion Proficiency report