SOLUTIONS MANUAL for Computer Accounting with QuickBooks 2015, 17th Edition by Donna Kay. by welldoneassistant

Solutions Manual for Computer Accounting with QuickBooks 2015 17e By Donna Kay (All Chapters, 100% Original Verified, A+ Grade) Excel Files Solutions Download Link is at The End of This File.

CHAPTER 1!!

! OF QUICKBOOKS QUICK TOUR ! !

INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

1. 2

Exploring QuickBooks with Rock Castle Construction

CHAPTER 1 QUICK CHECK

CHAPTER 1 £ * Trial Balance £ Export to Excel Help

EXERCISE 1.1 £ * Task 2: Profit & Loss Statement £ * Task 3: Balance Sheet

EXERCISE 1.2 £

Help Topic Printout

EXERCISE 1.3 £

Your Choice Help Topic Printout

EXERCISE 1.4 £

Intuit App Printout

PROJECT 1 QUICK CHECK

PROJECT 1 £ * Profit & Loss Statement, Standard £ * Profit & Loss Statement, Detail £ * Balance Sheet, Standard £ * Balance Sheet, Summary

! ! ! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 1 Quick Tour of QuickBooks 1. 3

CHAPTER 1 TRIAL BALANCE

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

1. 4

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 1 Quick Tour of QuickBooks 1. 5

CHAPTER 1 EXPORT TO EXCEL HELP

! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

1. 6

Exploring QuickBooks with Rock Castle Construction

EXERCISE 1.1 TASK 2 PROFIT & LOSS STATEMENT

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 1 Quick Tour of QuickBooks 1. 7

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

1. 8

Exploring QuickBooks with Rock Castle Construction

EXERCISE 1.1 TASK 3 BALANCE SHEET

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 1 Quick Tour of QuickBooks 1. 9

©McGraw-Hill Education, 2016

1. 10

Exploring QuickBooks with Rock Castle Construction

EXERCISE 1.2 HELP TOPIC

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 1 Quick Tour of QuickBooks 1. 11

EXERCISE 1.3 YOUR CHOICE HELP TOPIC Students are to select a Help Topic of their choice and print out the information. The student may choose from a variety of help topics by clicking Help on the Menu bar, selecting QuickBooks Help, and typing in a request for information.

EXERCISE 1.4 INTUIT APP PRINTOUT Intuit Apps offers a variety of apps that work with QuickBooks data. Students are to select an app of their choice from Intuit Apps and print out the information.

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

1. 12

Exploring QuickBooks with Rock Castle Construction

PROJECT 1 PROFIT & LOSS STATEMENT, STANDARD

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 1 Quick Tour of QuickBooks 1. 13

! ! !

PROJECT 1 PROFIT & LOSS STATEMENT, DETAIL

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

1. 14

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Get complete Order files download link below htps://www.mediafire.com/file/04ko49nw4pmk1ib/S M+Computer+Accoun�ng+with+QuickBooks+2015,+17 e+Donna+Kay.zip/file

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Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 1 Quick Tour of QuickBooks 1. 15

©McGraw-Hill Education, 2016

1. 16

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 1 Quick Tour of QuickBooks 1. 17

©McGraw-Hill Education, 2016

1. 18

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 1 Quick Tour of QuickBooks 1. 19

PROJECT 1 BALANCE SHEET, STANDARD

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

1. 20

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 1 Quick Tour of QuickBooks 1. 21

PROJECT 1 BALANCE SHEET, SUMMARY

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

CHAPTER 2!

! ! ! !

CUSTOMIZING ! QUICKBOOKS AND THE CHART OF ACCOUNTS

INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

2. 2

Exploring QuickBooks with Rock Castle Construction

CHAPTER 2 QUICK CHECK £ £ £ £ £ £ £

CHAPTER 2 * Chart of Accounts (Account Listing) EXERCISE 2.1 * Task 3: Statement of Cash Flows * Task 4: To Do List EXERCISE 2.2 * Task 3: Revised Chart of Accounts EXERCISE 2.3 Your Choice: List of Industry-Specific Features EXERCISE 2.4 Schedule C Tax Form 1120S Tax Form

PROJECT 2 QUICK CHECK PROJECT 2 £ * Chart of Accounts (Account Listing) £ * Statement of Cash Flows

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Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 2 Customizing QuickBooks and the Chart of Accounts 2. 3

CHAPTER 2 CHART OF ACCOUNTS (ACCOUNT LISTING)

! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

2. 4

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 2 Customizing QuickBooks and the Chart of Accounts 2. 5

EXERCISE 2.1 TASK 3 STATEMENT OF CASH FLOWS

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

2. 6

Exploring QuickBooks with Rock Castle Construction

EXERCISE 2.1 TASK 4 TO DO LIST

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 2 Customizing QuickBooks and the Chart of Accounts 2. 7

EXERCISE 2.2 TASK 3 REVISED CHART OF ACCOUNTS

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

2. 8

Exploring QuickBooks with Rock Castle Construction

! EXERCISE 2.3 YOUR CHOICE: LIST OF INDUSTRY-SPECIFIC FEATURES Students are to select two sample companies of their choice (other than a sample product-based business or a sample service-based business) and list the different industry-specific features.

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 2 Customizing QuickBooks and the Chart of Accounts 2. 9

EXERCISE 2.4 SCHEDULE C TAX FORM

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

2. 10

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 2 Customizing QuickBooks and the Chart of Accounts 2. 11

EXERCISE 2.4 1120S TAX FORM

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

2. 12

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 2 Customizing QuickBooks and the Chart of Accounts 2. 13

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

2. 14

Exploring QuickBooks with Rock Castle Construction

! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 2 Customizing QuickBooks and the Chart of Accounts 2. 15

! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

2. 16

Exploring QuickBooks with Rock Castle Construction

PROJECT 2 CHART OF ACCOUNTS (ACCOUNT LISTING)

! ! ! ! ! !

ct 2 Larry's Landscaping

Account

Type

Balance Total

Description

Accnt. #

Tax Line

Barter Account

Bank

0.00 Business to Business Barter

Cash Expenditures

Bank

Checking

Bank

99,250.02 Great Statewide Bank

225.23 Wash acct for cash expenses

Savings

Bank

5,987.50 Great Statewide Bank

1200 · Accounts Receivable

Accounts Receivable

35,810.02

Employee advances

Other Current Asset

100.00

Prepaid Insurance

Other Current Asset

500.00

1300 · Inventory Asset

Other Current Asset

6,937.08

1300

1400 · Undeposited Funds

Other Current Asset

110.00

1400

<Unassigned> <Unassigned> 1200

1500 · Truck

Fixed Asset

12,025.00

1500

1500 · Truck:1510 · Original Purchase

Fixed Asset

13,750.00 Purchase Price of Asset

1510

1500 · Truck:1520 · Accumulated Depreciation

Fixed Asset

-1,725.00

1520

2000 · Accounts Payable

Accounts Payable

2,578.69

2000

QuickBooks Credit Card

Credit Card

70.00 Platinum MasterCard

QuickBooks Credit Card:QBCC Field Office

Credit Card

45.00 QBCC for Field Office Manager

QuickBooks Credit Card:QBCC Home Office

Credit Card

25.00 QBCC for Management Office

QuickBooks Credit Card:QBCC Sales Dept

Credit Card

0.00 QBCC for Sales Office

2100 · CalOil Card

Credit Card

1,403.99

Payments on Account

Other Current Liability

-1,520.00 Deposits rec'd from customers

2102 · Payroll Liabilities

Other Current Liability

2111 · Direct Deposit Liabilities 2300 · Sales Tax Payable

<Unassigned> 2100

5,520.47

2102

Other Current Liability

0.00

2111

Other Current Liability

2,086.50

2300

Bank of Anycity Loan

Long Term Liability

19,932.65

Equipment Loan

Long Term Liability

3,911.32

2400 · Bank Loan

Long Term Liability

5,369.06 Recapitalization Loan

2400

3000 · Owner's Equity

Equity

-5,000.00

3000

3000 · Owner's Equity:3010 · Owner's Draw

Equity

-5,000.00

3010

3000 · Owner's Equity:3020 · Owner's Contributions

Equity

0.00

3020

3100 · Retained Earnings

Equity

3200 · Opening Bal Equity

Equity

Retail Sales

Income

Service

Income

4100 · Landscaping Services

Income

4100

Schedule C: Gross receipts or sales

4100 · Landscaping Services:4000 · Design Services Income

4000

Schedule C: Gross receipts or sales

4100 · Landscaping Services:4110 · Job Materials

4110

Schedule C: Gross receipts or sales

4100 · Landscaping Services:4110 · Job Materials:411 Income

4111

Schedule C: Gross receipts or sales

4100 · Landscaping Services:4110 · Job Materials:411 Income

4112

Schedule C: Gross receipts or sales

4100 · Landscaping Services:4110 · Job Materials:411 Income

4113

Schedule C: Gross receipts or sales

4100 · Landscaping Services:4110 · Job Materials:411 Income

4114

Schedule C: Gross receipts or sales

4100 · Landscaping Services:4120 · Labor

Income

4120

Schedule C: Gross receipts or sales

4100 · Landscaping Services:4120 · Labor:4121 · InstaIncome

4121

Schedule C: Gross receipts or sales

4100 · Landscaping Services:4120 · Labor:4122 · MainIncome

4122

Schedule C: Gross receipts or sales

4100 · Landscaping Services:4130 · Equipment Renta Income

4130

Schedule C: Gross receipts or sales

4200 · Discounts

4200

Schedule C: Gross receipts or sales

! ! ! ! ! ! ! ! ! ! ! !

151,970.07

Income

3100

3200

4100 · Landscaping Services:4110 · Job Materials:Mis Income

Income

4300 · Other Income

Income

4300

Schedule C: Other business income

4400 · Markup Income

Income

4400

Schedule C: Gross receipts or sales

4999 · Uncategorized Income

Income

4999

Schedule C: Other business income

5000 · Cost of Goods Sold

Cost of Goods Sold

5000

Schedule C: Materials/supplies, COGS

6000 · Advertising

Expense

6000

Schedule C: Advertising

6100 · Amortization Expense

Expense

6100

6200 · Automobile

Expense

6200

Schedule C: Car and truck expenses

6200 · Automobile:Insurance

Expense

6200 · Automobile:License & Fees

Expense

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 2 Customizing QuickBooks and the Chart of Accounts 2. 17

Account

Type

Balance Total

Description

Accnt. #

Tax Line

6200 · Automobile:6210 · Fuel

Expense

6210

Schedule C: Car and truck expenses

6200 · Automobile:6220 · Maintenance & Repairs

Expense

6220

Schedule C: Car and truck expenses

6300 · Bad Debt

Expense

6300

Schedule C: Bad debts from sales/services

6400 · Bank Service Charges

Expense

6400

Schedule C: Interest expense, other

6500 · Bond Expense

Expense

6500

Schedule C: Interest expense, other

6561 · Payroll Expenses

Expense

6561

6600 · Delivery Fee

Expense

6600

Schedule C: Other business expenses

6700 · Depreciation

Expense

6700

Schedule C: Depletion

6700 · Depreciation:6710 · Section 179

Expense

6710

Schedule C: Other business expenses

6800 · Dues and Subscription

Expense

6800

Schedule C: Legal and professional fees

6900 · Insurance

Expense

6900

Schedule C: Insurance, other than health

6900 · Insurance:6910 · Disability

Expense

6910

Schedule C: Insurance, other than health

6900 · Insurance:6920 · Liability

Expense

6920

Schedule C: Insurance, other than health

6900 · Insurance:6930 · Worker's Comp

Expense

6930

Schedule C: Insurance, other than health

6999 · Uncategorized Expenses

Expense

6999

7000 · Interest Expense

Expense

7000

Schedule C: Interest expense, other

7000 · Interest Expense:7010 · Finance Charges

Expense

7010

Schedule C: Interest expense, other

7000 · Interest Expense:7020 · Interest on Loan

Expense

7020

Schedule C: Interest expense, other

7100 · Job Expenses

Expense

7100

Schedule C: Other costs, COGS

7100 · Job Expenses:7110 · Job Materials

Expense

7110

Schedule C: Materials/supplies, COGS

7100 · Job Expenses:7110 · Job Materials:7111 · DeckExpense

7111

Schedule C: Materials/supplies, COGS

7100 · Job Expenses:7110 · Job Materials:7112 · FounExpense

7112

Schedule C: Materials/supplies, COGS

7100 · Job Expenses:7110 · Job Materials:7113 · Plan Expense

7113

Schedule C: Materials/supplies, COGS

7100 · Job Expenses:7110 · Job Materials:7114 · SprinExpense

7114

Schedule C: Materials/supplies, COGS

7100 · Job Expenses:7120 · Equipmental Rental

7120

Schedule C: Rent/lease vehicles, equip.

Expense

7100 · Job Expenses:7130 · Permits

Expense

7130

Schedule C: Other costs, COGS

7100 · Job Expenses:7140 · Subcontractors

Expense

7140

Schedule C: Labor, cost of goods

7200 · Miscellaneous

Expense

7200

Schedule C: Other business expenses

7250 · Mileage Reimbursement

Expense

7250

Schedule C: Car and truck expenses

7300 · Office Supplies

Expense

7300

Schedule C: Office expenses

7310 · Supplies

Expense

7310

Schedule C: Supplies (not from COGS)

7320 · Computer Supplies

Expense

7320

Schedule C: Supplies (not from COGS)

7400 · Professional Fees

Expense

7400

Schedule C: Legal and professional fees

7400 · Professional Fees:7410 · Accounting

Expense

7410

Schedule C: Legal and professional fees

7400 · Professional Fees:7420 · Legal

Schedule C: Legal and professional fees

Expense

7420

7400 · Professional Fees:7430 · Professional Design FExpense

7430

Schedule C: Legal and professional fees

7500 · Rent

7500

Schedule C: Rent/lease other bus. prop.

Expense

7550 · Repairs

Expense

7550

Schedule C: Repairs and maintenance

7550 · Repairs:7551 · Building Repairs

Expense

7551

Schedule C: Repairs and maintenance

7550 · Repairs:7552 · Computer Repairs

Expense

7552

Schedule C: Repairs and maintenance

7550 · Repairs:7553 · Equipment Repairs

Expense

7553

Schedule C: Repairs and maintenance

7600 · Taxes

Expense

7600

Schedule C: Taxes and licenses

7600 · Taxes:7610 · Federal

Expense

7610

Schedule C: Taxes and licenses

7600 · Taxes:7620 · Property

Expense

7620

Schedule C: Taxes and licenses

7600 · Taxes:7630 · State

Expense

7630

Schedule C: Taxes and licenses

7700 · Tools and Misc. Equipment

Expense

7700

Schedule C: Other business expenses

7750 · Utilities

Expense

7750

Schedule C: Utilities

7750 · Utilities:7751 · Gas and Electric

Expense

7751

Schedule C: Utilities

7750 · Utilities:7752 · Water

Expense

7752

Schedule C: Utilities

7750 · Utilities:7753 · Telephone

Expense

7753

Schedule C: Office expenses

7750 · Utilities:7754 · Internet Provier

Expense

7754

Schedule C: Office expenses

Misc Income

Other Income

8000 · Interest Income

Other Income

8000

Schedule C: Other business income

9000 · Other Expenses

Other Expense

9000

Schedule C: Other business expenses

Purchase Orders

Non-Posting

5 · Sales Orders

Non-Posting

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

2. 18

Exploring QuickBooks with Rock Castle Construction

PROJECT 2 STATEMENT OF CASH FLOWS

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

CHAPTER 3!

! ! ! !

BANKING! INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

3. 2

Exploring QuickBooks with Rock Castle Construction

CHAPTER 3 QUICK CHECK CHAPTER 3 £ * Check Register QuickReport £ Deposit Summary £ Check £ * Journal £ * Bank Reconciliation Report EXERCISE 3.1 £ Task 2: Deposit Summary £ * Task 4: Check Register £ Task 5: Checks EXERCISE 3.2 £ * Task 2: Previous Bank Statement Report £ * Task 4: Bank Reconciliation Report EXERCISE 3.3 £ QuickBooks Preprinted Forms EXERCISE 3.4 £ Online Financial Security Printout

PROJECT 3 QUICK CHECK PROJECT 3 £ * Deposit Detail £ * Check Detail £ * Bank Reconciliation Summary £ * Bank Reconciliation Detail £ * Journal

! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 3 Banking 3. 3

CHAPTER 3 CHECK REGISTER QUICKREPORT

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

3. 4

Exploring QuickBooks with Rock Castle Construction

CHAPTER 3 DEPOSIT SUMMARY

! CHAPTER 3 CHECK

CHAPTER 3 JOURNAL

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 3 Banking 3. 5

CHAPTER 3 BANK RECONCILIATION REPORT

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

3. 6

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 3 Banking 3. 7

EXERCISE 3.1 TASK 2 DEPOSIT SUMMARY

EXERCISE 3.1 TASK 4 CHECK REGISTER

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

3. 8

Exploring QuickBooks with Rock Castle Construction

EXERCISE 3.1 TASK 5 CHECKS

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 3 Banking 3. 9

EXERCISE 3.2 TASK 2 PREVIOUS BANK STATEMENT REPORT

! EXERCISE 3.2 TASK 4 BANK RECONCILIATION REPORT

! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

3. 10

Exploring QuickBooks with Rock Castle Construction

EXERCISE 3.3 QUICKBOOKS PREPRINTED FORMS

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 3 Banking 3. 11

EXERCISE 3.4 ONLINE FINANCIAL SECURITY PRINTOUT

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

3. 12

Exploring QuickBooks with Rock Castle Construction

PROJECT 3 DEPOSIT DETAIL

! ! ! ! ! ! ! ! ! ! ! PROJECT 3 CHECK DETAIL

! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 3 Banking 3. 13

PROJECT 3 BANK RECONCILIATION SUMMARY

Your Name Project 3 Larry's Landscaping

Reconciliation Summary Checking, Period Ending 11/30/2019 Nov 30, 19 Beginning Balance Cleared Transactions Checks and Payments - 9 items Deposits and Credits - 2 items Total Cleared Transactions

238,625.29 -2,890.51 5,775.80 2,885.29

Cleared Balance Uncleared Transactions Checks and Payments - 103 items Deposits and Credits - 1 item Total Uncleared Transactions

241,510.58 -131,241.38 85.66 -131,155.72

Register Balance as of 11/30/2019 New Transactions Checks and Payments - 31 items Deposits and Credits - 15 items Total New Transactions Ending Balance

Computer Accounting with QuickBooks 2015 by Donna Kay

110,354.86 -27,078.78 16,568.94 -10,509.84 99,845.02

©McGraw-Hill Education, 2016

3. 14

Exploring QuickBooks with Rock Castle Construction

PROJECT 3 BANK RECONCILIATION DETAIL

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 3 Banking 3. 15

Your Name Project 3 Larry's Landscaping

Reconciliation Detail Checking, Period Ending 11/30/2019 Type Paycheck Paycheck Paycheck Paycheck Liability Check Liability Check Liability Check Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Liability Check Liability Check Liability Check Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Liability Check Liability Check Liability Check Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Liability Check Liability Check Liability Check Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Liability Check Liability Check Liability Check Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Liability Check Liability Check Liability Check Paycheck Paycheck Paycheck Check Bill Pmt -Check

Date 05/19/2019 06/02/2019 06/02/2019 06/02/2019 06/07/2019 06/07/2019 06/07/2019 06/16/2019 06/16/2019 06/16/2019 06/30/2019 06/30/2019 06/30/2019 07/07/2019 07/07/2019 07/07/2019 07/14/2019 07/14/2019 07/14/2019 07/28/2019 07/28/2019 07/28/2019 08/07/2019 08/07/2019 08/07/2019 08/11/2019 08/11/2019 08/11/2019 08/25/2019 08/25/2019 08/25/2019 09/07/2019 09/07/2019 09/07/2019 09/08/2019 09/08/2019 09/08/2019 09/22/2019 09/22/2019 09/22/2019 10/06/2019 10/06/2019 10/06/2019 10/07/2019 10/07/2019 10/07/2019 10/20/2019 10/20/2019 10/20/2019 11/03/2019 11/03/2019 11/03/2019 11/07/2019 11/07/2019 11/07/2019 11/17/2019 11/17/2019 11/17/2019 11/30/2019 11/30/2019

Num

1117 1116

Name Duncan Fisher Shane B. Hamby Jenny Miller Duncan Fisher Great Statewide Bank Employment Develo... Townley Insurance ... Shane B. Hamby Jenny Miller Duncan Fisher Shane B. Hamby Jenny Miller Duncan Fisher Great Statewide Bank Employment Develo... Townley Insurance ... Shane B. Hamby Jenny Miller Duncan Fisher Shane B. Hamby Jenny Miller Duncan Fisher Great Statewide Bank Employment Develo... Townley Insurance ... Shane B. Hamby Jenny Miller Duncan Fisher Shane B. Hamby Jenny Miller Duncan Fisher Great Statewide Bank Employment Develo... Townley Insurance ... Shane B. Hamby Jenny Miller Duncan Fisher Shane B. Hamby Jenny Miller Duncan Fisher Shane B. Hamby Jenny Miller Duncan Fisher Great Statewide Bank Employment Develo... Townley Insurance ... Shane B. Hamby Jenny Miller Duncan Fisher Shane B. Hamby Jenny Miller Duncan Fisher Great Statewide Bank Employment Develo... Townley Insurance ... Shane B. Hamby Jenny Miller Duncan Fisher Larry Wadford Nolan Hardware and...

Total Checks and Payments

Computer Accounting with QuickBooks 2015 by Donna Kay

Clr

Amount

Balance

-1,163.71 -1,606.88 -1,200.16 -1,110.02 -2,699.22 -535.09 -105.00 -1,606.87 -1,200.17 -1,110.03 -1,606.87 -1,200.17 -1,110.02 -4,013.32 -784.11 -157.50 -1,606.87 -1,200.17 -1,110.03 -1,606.86 -1,200.17 -1,146.21 -2,690.48 -527.35 -105.00 -1,606.87 -1,200.16 -1,110.03 -1,606.88 -1,200.17 -1,163.70 -2,698.42 -529.76 -105.00 -1,606.87 -1,200.17 -1,110.02 -1,606.87 -1,200.17 -1,110.03 -1,631.84 -1,200.17 -1,110.02 -2,675.56 -522.73 -105.00 -1,631.83 -1,200.16 -1,146.19 -1,609.83 -1,200.17 -1,110.03 -2,690.46 -527.39 -105.00 -1,606.87 -1,200.17 -1,163.71 -2,500.00 -792.70

-55,217.86 -56,824.74 -58,024.90 -59,134.92 -61,834.14 -62,369.23 -62,474.23 -64,081.10 -65,281.27 -66,391.30 -67,998.17 -69,198.34 -70,308.36 -74,321.68 -75,105.79 -75,263.29 -76,870.16 -78,070.33 -79,180.36 -80,787.22 -81,987.39 -83,133.60 -85,824.08 -86,351.43 -86,456.43 -88,063.30 -89,263.46 -90,373.49 -91,980.37 -93,180.54 -94,344.24 -97,042.66 -97,572.42 -97,677.42 -99,284.29 -100,484.46 -101,594.48 -103,201.35 -104,401.52 -105,511.55 -107,143.39 -108,343.56 -109,453.58 -112,129.14 -112,651.87 -112,756.87 -114,388.70 -115,588.86 -116,735.05 -118,344.88 -119,545.05 -120,655.08 -123,345.54 -123,872.93 -123,977.93 -125,584.80 -126,784.97 -127,948.68 -130,448.68 -131,241.38

-131,241.38

©McGraw-Hill Education, 2016

3. 16

Exploring QuickBooks with Rock Castle Construction

Your Name Project 3 Larry's Landscaping

Reconciliation Detail Checking, Period Ending 11/30/2019 Type

Date

Num

Deposits and Credits - 1 item Sales Receipt 12/10/2015 20

Name

Clr

Ecker Design

Amount

Balance 85.66

85.66

Total Deposits and Credits

85.66

Total Uncleared Transactions

-131,155.72

-128,270.43

110,354.86

-1,606.87 -1,200.16 -1,110.03 -800.00 -699.12 -446.10 -545.00 -675.00 -2,698.42 -529.75 -105.00 -685.00 -182.50 -23.27 -20.00 -2,835.00 -1,725.00 -1,636.44 -1,606.87 -1,275.00 -1,232.06 -1,200.17 -1,110.02 -800.00 -375.00 -240.00 -180.00 -360.00 -127.00 -800.00 -250.00

-1,606.87 -2,807.03 -3,917.06 -4,717.06 -5,416.18 -5,862.28 -6,407.28 -7,082.28 -9,780.70 -10,310.45 -10,415.45 -11,100.45 -11,282.95 -11,306.22 -11,326.22 -14,161.22 -15,886.22 -17,522.66 -19,129.53 -20,404.53 -21,636.59 -22,836.76 -23,946.78 -24,746.78 -25,121.78 -25,361.78 -25,541.78 -25,901.78 -26,028.78 -26,828.78 -27,078.78

-27,078.78

900.00 87.54 0.00 1,854.22 2,500.00 2,045.03 1,000.00 208.85 573.50 509.28 518.52 4,035.00 1,270.00 580.00 487.00

900.00 987.54 987.54 2,841.76 5,341.76 7,386.79 8,386.79 8,595.64 9,169.14 9,678.42 10,196.94 14,231.94 15,501.94 16,081.94 16,568.94

16,568.94

-10,509.84

-138,780.27

99,845.02

New Transactions Checks and Payments - 31 items Paycheck 12/01/2019 Paycheck 12/01/2019 Paycheck 12/01/2019 Check 12/01/2019 1118 Bill Pmt -Check 12/01/2019 1119 Sales Tax Payment 12/03/2019 1120 Check 12/05/2019 1125 Bill Pmt -Check 12/06/2019 Liability Check 12/07/2019 Liability Check 12/07/2019 Liability Check 12/07/2019 Bill Pmt -Check 12/12/2019 1126 Bill Pmt -Check 12/12/2019 1129 Bill Pmt -Check 12/12/2019 1128 Bill Pmt -Check 12/12/2019 1127 Bill Pmt -Check 12/15/2019 Bill Pmt -Check 12/15/2019 Paycheck 12/15/2019 Paycheck 12/15/2019 Bill Pmt -Check 12/15/2019 Paycheck 12/15/2019 Paycheck 12/15/2019 Paycheck 12/15/2019 Bill Pmt -Check 12/15/2019 Bill Pmt -Check 12/15/2019 Bill Pmt -Check 12/15/2019 Check 12/16/2019 1464 Check 12/17/2019 1466 Check 12/17/2019 1465 Check 12/18/2019 1468 Check 12/18/2019 1467

Shane B. Hamby Jenny Miller Duncan Fisher Nye Properties Great Statewide Bank State Board of Equal... Townley Insurance ... Robert Carr Masonry Great Statewide Bank Employment Develo... Townley Insurance ... Conner Garden Sup... Patio & Desk Designs Bayshore Water Gussman's Nursery Conner Garden Sup... Sena Lumber & Buil... Shane B. Hamby Shane B. Hamby Patio & Desk Designs Jenny Miller Jenny Miller Duncan Fisher Mike Scopellite Smallson & Associat... Middlefield Nursery Computer Services ... Mike Scopellite Computer Services ... Nye Properties Sowers Office Equip...

Total Checks and Payments Deposit Payment Check Deposit Transfer Deposit Payment Payment Deposit Payment Payment Deposit Deposit Deposit Deposit

Deposits and Credits - 15 items 12/02/2019 12/04/2019 12/05/2019 1124 12/05/2019 12/05/2019 12/06/2019 12/07/2019 3045 12/08/2019 12/09/2019 12/10/2019 12/10/2019 3205 12/15/2019 12/16/2019 12/17/2019 12/18/2019

Morearty, Brian Townley Insurance ...

Lee, Laurel:Lee Resi... Chapman, Natalie Balak, Mike:Residen... Golliday Sporting Go...

Total Deposits and Credits Total New Transactions Ending Balance

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 3 Banking 3. 17

PROJECT 3 JOURNAL

Your Name Project 3 Larry's Landscaping

Journal December 16 - 18, 2019 Trans # 371

Type Bill

Date 12/16/2019

Num 16

Adj

Name

Memo

Great Statewide Bank Great Statewide Bank Great Statewide Bank

Account 2000 · Accounts Pay... 2400 · Bank Loan 7000 · Interest Expe...

Debit

Credit 699.12

644.00 55.12 699.12

903

Deposit

12/16/2019 Larry Wadford Gussman's Nursery

Deposit Owner Invest... Storage Rent...

Checking 3020 · Owner's Cont... 4300 · Other Income

Conner Garden Sup...

Deposit Storage Rent...

Checking 4300 · Other Income

1,000.00 270.00 1,270.00

904

Deposit

12/17/2019

699.12

1,270.00

580.00 580.00 580.00

905

Deposit

12/18/2019 -MULTIPLE-

Deposit -MULTIPLE-

Checking 4300 · Other Income

580.00

487.00 487.00 487.00

906

Check

12/16/2019

1464

Computer Services ... Computer Services ...

Computer Re... Computer Re...

Checking 7552 · Computer Re...

Computer Services ... Computer Services ...

External Hard ... External Hard ...

Checking 7320 · Computer Su...

Mike Scopellite Mike Scopellite

Professional ... Professional ...

Checking 7430 · Professional ...

Sowers Office Equip... Sowers Office Equip...

Special Order Special Order

Checking 7300 · Office Supplies

Nye Properties Nye Properties

Rent Rent

Checking 7500 · Rent

487.00 180.00

180.00 180.00

907

Check

12/17/2019

1465

180.00 127.00

127.00 127.00

908

Check

12/17/2019

1466

127.00 360.00

360.00 360.00

909

Check

12/18/2019

1467

360.00 250.00

250.00 250.00

910

Check

12/18/2019

1468

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

250.00 800.00

800.00 800.00

800.00

4,753.12

©McGraw-Hill Education, 2016

CHAPTER 4

CUSTOMERS AND SALES INSTRUCTOR NOTE:

Assignments that can be speedgraded using the QuickBooks Grade Assistant are designated with a *. To access the QuickBooks Grade Assistant: 1. Go to www.My-QuickBooks.com 2. Select QB Educator 3. Enter Access Code: DonnaKay 4. Complete the form to request the Grade Assistant for QB2015. You will receive an email with a link to access the Grade Assistant: 1. Download the Grade Assistant files. 2. Download the Grade Assistant Instructions. Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

4.2

Exploring QuickBooks with Rock Castle Construction

CHAPTER 4 QUICK CHECK £ £ £ £ £ £ £ £ £ £ £ £ £ £ £

CHAPTER 4 Cash Sales Receipt Invoice No. 1100 Reminder Statement Deposit Summary * Journal * Accounts Receivable Aging Summary Report * Open Invoices Report * Collections Report * Income by Customer Summary Report EXERCISE 4.1 Task 3: Invoice No. 1101 EXERCISE 4.2 Task 2: Credit Memo No. 1102 Task 3: Invoice No. 1103 Task 4: Statement Task 5: Payment Receipt Task 6: Deposit Summary EXERCISE 4.3

£ £ £ £ £

* Task 3: Customer Report * Task 4: Average Days to Pay Summary Report Task 5: Customer Letter * Task 6: Trial Balance * Task 7: Journal EXERCISE 4.4 £ Correcting QuickBooks Errors EXERCISE 4.5 £ QuickBooks Point of Sale

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.3

PROJECT 4 QUICK CHECK PROJECT 4 £ * Open Invoices £ * Deposit Detail £ * Journal

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

4.4

Exploring QuickBooks with Rock Castle Construction

CHAPTER 4 CASH SALES RECEIPT

Your Name Chapter 4 Rock Castle Construction

Sales Receipt

1735 County Road Bayshore, CA 94326

DATE

SALE NO.

12/15/2019

3009

SOLD TO Ernesto M Natiello 376 Pine St, #5E Bayshore CA 94326

CHECK NO.

PAYMENT METH...

PROJECT

Cash DESCRIPTION

QTY

Cabinet Pulls CA sales tax, San Tomas County

It's been a pleasure working with you!

Computer Accounting with QuickBooks 2015 by Donna Kay

U/M

RATE

1 ea

10.00 7.75%

Total

AMOUNT 10.00T 0.78

$10.78

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.5

CHAPTER 4 INVOICE NO. 1100

Invoice

Your Name Chapter 4 Rock Castle Construction

1735 County Road Bayshore, CA 94326

DATE

INVOICE #

12/15/2019

1100

SHIP TO

BILL TO Tom Whalen 100 Sunset Drive Bayshore, CA 94326

DESCRIPTION

TERMS

DUE DATE

PROJECT

Net 30

1/14/2020

Exterior Door

QUANTITY

Repair work Exterior wood door Repair work

U/M

RATE

1 1 4

AMOUNT 35.00 120.00 35.00

Subtotal Sales Tax (7.75%) Total

Computer Accounting with QuickBooks 2015 by Donna Kay

35.00 120.00T 140.00

$295.00 $9.30 $304.30

Payments/Credits

$0.00

Balance Due

$304.30

©McGraw-Hill Education, 2016

4.6

Exploring QuickBooks with Rock Castle Construction

CHAPTER 4 REMINDER STATEMENT

Statement

Your Name Chapter 4 Rock Castle Construction 1735 County Road Bayshore, CA 94326

Date 12/16/2019

To: Tom Whalen 100 Sunset Drive Bayshore, CA 94326

Amount Due

Amount Enc.

$304.30 U/M

Date

Transaction

11/16/2019

Balance forward

12/15/2019

Exterior DoorINV #1100. Due 01/14/2020.

Amount

Balance 0.00

304.30

CURRENT

1-30 DAYS PAST DUE

31-60 DAYS PAST DUE

61-90 DAYS PAST DUE

OVER 90 DAYS PAST DUE

Amount Due

304.30

0.00

$304.30

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.7

CHAPTER 4 DEPOSIT SUMMARY

CHAPTER 4 JOURNAL

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

4.8

Exploring QuickBooks with Rock Castle Construction

CHAPTER 4 ACCOUNTS RECEIVABLE AGING SUMMARY REPORT

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.9

CHAPTER 4 OPEN INVOICES REPORT

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

4.10

Exploring QuickBooks with Rock Castle Construction

CHAPTER 4 COLLECTIONS REPORT

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.11

CHAPTER 4 INCOME BY CUSTOMER SUMMARY REPORT

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

4.12

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.13

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

4.14

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.15

EXERCISE 4.1 TASK 3 INVOICE NO. 1101

Invoice

Your Name Exercise 4.1 Rock Castle Construction

1735 County Road Bayshore, CA 94326

DATE

INVOICE #

12/17/2019

1101

SHIP TO

BILL TO Katrina L Beneficio 10 Pico Blvd Bayshore, CA 94326

DESCRIPTION

TERMS

DUE DATE

PROJECT

Net 30

1/16/2020

Door Replacement

QUANTITY

Doors Standard Doorknobs Installation labor

U/M

RATE

1 1 3

AMOUNT 72.00 30.00 35.00

Subtotal

$207.00

Sales Tax (7.75%) Total

Computer Accounting with QuickBooks 2015 by Donna Kay

72.00T 30.00T 105.00

$7.91 $214.91

Payments/Credits

$0.00

Balance Due

$214.91

©McGraw-Hill Education, 2016

4.16

Exploring QuickBooks with Rock Castle Construction

EXERCISE 4.2 TASK 2 CREDIT MEMO NO. 1102

Credit Memo

Your Name Exercise 4.2 Rock Castle Construction

1735 County Road Bayshore, CA 94326

DATE

CREDIT NO.

12/20/2019

1102

CUSTOMER Katrina L Beneficio 10 Pico Blvd Bayshore, CA 94326

P.O. NO.

PROJECT Door Replacement

DESCRIPTION

QTY

Standard Doorknobs CA sales tax, San Tomas County

U/M

RATE

-1

30.00 7.75%

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

AMOUNT -30.00T -2.33

-$32.33

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.17

EXERCISE 4.2 TASK 3 INVOICE NO. 1103

Invoice

Your Name Exercise 4.2 Rock Castle Construction

1735 County Road Bayshore, CA 94326

DATE

INVOICE #

12/20/2019

1103

SHIP TO

BILL TO Katrina L Beneficio 10 Pico Blvd Bayshore, CA 94326

DESCRIPTION

TERMS

DUE DATE

PROJECT

Net 30

1/19/2020

Door Replacement

QUANTITY

Locking interior doorknobs

Computer Accounting with QuickBooks 2015 by Donna Kay

U/M

RATE

AMOUNT 38.00

38.00T

Subtotal

$38.00

Sales Tax (7.75%)

$2.95

Total

$40.95

Payments/Credits

$0.00

Balance Due

$40.95

©McGraw-Hill Education, 2016

4.18

Exploring QuickBooks with Rock Castle Construction

EXERCISE 4.2 TASK 4 STATEMENT

Statement

Your Name Exercise 4.2 Rock Castle Construction 1735 County Road Bayshore, CA 94326

Date 12/20/2019

To: Katrina L Beneficio 10 Pico Blvd Bayshore, CA 94326

Amount Due

Amount Enc.

$223.53 U/M

Date

Transaction

12/01/2019

Amount

Balance

Balance forward

0.00

Door ReplacementINV #1101. Due 01/16/2020. --- Wood Door, 1 @ $72.00 = 72.00 --- Doorknobs Std, 1 @ $30.00 = 30.00 --- Installation, 3 @ $35.00 = 105.00 --- Tax: San Tomas @ 7.75% = 7.91 CREDMEM #1102. --- Doorknobs Std $-30.00 --- Tax: San Tomas @ 7.75% = -2.33 INV #1103. Due 01/19/2020. --- Lk Doorknobs, 1 @ $38.00 = 38.00 --- Tax: San Tomas @ 7.75% = 2.95

12/17/2019

12/20/2019 12/20/2019

214.91

-32.33

182.58

40.95

223.53

CURRENT

1-30 DAYS PAST DUE

31-60 DAYS PAST DUE

61-90 DAYS PAST DUE

OVER 90 DAYS PAST DUE

Amount Due

223.53

0.00

$223.53

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.19

EXERCISE 4.2 TASK 5 PAYMENT RECEIPT

Payment Receipt

Your Name Exercise 4.2 Rock Castle Construction 1735 County Road Bayshore, CA 94326 Received From: Beneficiio, Katrina:Door Replacement Katrina L Beneficio 10 Pico Blvd Bayshore, CA 94326 Date Received

12/20/2019

Payment Method

VISA

Payment Amount

$223.53

Check/Ref. No. Invoices Paid Date

Number

Amount Applied

12/17/2019

1101

-$182.58

12/20/2019

1103

-$40.95

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

4.20

Exploring QuickBooks with Rock Castle Construction

EXERCISE 4.2 TASK 6 DEPOSIT SUMMARY

EXERCISE 4.3 TASK 3 CUSTOMER REPORT

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.21

EXERCISE 4.3 TASK 4 AVERAGE DAYS TO PAY SUMMARY REPORT

Your Name Exercise 4.3 Rock Castle Construction

Average Days to Pay Summary All Transactions Average Days to Pay Abercrombie, Kristy

18.83

Babcock's Music Shop

11.00

Baker, Chris

28.00

Balak, Mike

4.00

Barley, Renee

194.00

Bauman, Mark

20.00

Beneficiio, Katrina

1.50

Bolinski, Rafal

5.00

Bristol, Sonya

3.00

Burch, Jason

46.00

Carr's Pie Shop

16.00

Castillo, Eloisa

21.50

Cook, Brian

20.67

Craven, Pam

17.00

Davies, Aaron

12.00

Duncan, Dave

9.00

Dunn, Eric C.W.

1.00

Easley, Paula

26.00

Ecker Designs

36.00

Fisher, Jennifer

46.40

Fomin, Slava

2.00

Freeman, Kirby

3.67

Jacobsen, Doug

218.50

Jimenez, Cristina

0.00

Johnson, Gordon

0.00

Kanitz, Marion

27.00

Keenan, Bridget

32.00

Lamb, Brad

29.00

Larsen's Pet Shop

15.00

Luke, Noelani

43.50

Melton, Johnny

41.00

Memeo, Jeanette

110.50

Milner, Eloyse Morgenthaler, Jenny

11.00 -295.00

Natiello, Ernesto

1.00

Nelson, Wilma

365.00

Nguyen, Tuan

55.25

Overfield, David

5.00

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

4.22

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.23

EXERCISE 4.3 TASK 5 CUSTOMER LETTER

Your Name Exercise 4.3 Rock Castle Construction 1735 County Road Bayshore, CA 94326

December 15, 2019

Katrina L Beneficio 10 Pico Blvd Bayshore, CA 94326 Dear Mrs Katrina Beneficio, I apologize. We want each person we do business with to walk away feeling satisfied, and that apparently didn’t happen in your case. Please give us another chance; we want to make things right. Although we try to cover all the bases, we aren’t perfect. We depend on customer feedback to let us know where we can improve. Please contact me at your convenience so we can discuss this further. I do hope you accept our apology and see fit to do business with us again. Sincerely,

Rock Castle President Your Name Exercise 4.3 Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

4.24

Exploring QuickBooks with Rock Castle Construction

EXERCISE 4.3 TASK 6 TRIAL BALANCE

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.25

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

4.26

Exploring QuickBooks with Rock Castle Construction

EXERCISE 4.3 TASK 7 JOURNAL

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.27

EXERCISE 4.4 CORRECTING QUICKBOOKS ERRORS 1A. A likely cause of this error is that Tom Whalen's payment was recorded, but not deposited. This amount of $304.30 would still be in the undeposited funds account, instead of the Checking account. If his payment had not been collected, then Accounts Receivable would have been off by a similar amount, which it was not. This is not an uncommon error in QuickBooks to record receiving the customer's payment, but failing to record the corresponding deposit. 1B. If the Accounts Receivable account balance is overstated by $32.33, this is the amount of the credit that was to be applied to Katrina Beneficio's account for a return. It appears that the credit was not processed properly, resulting in an overstatement of the Accounts Receivable account. 2A. To correct the understatement of the Checking account by $304.30, if it is verified that Tom Whalen's payment was recorded but not deposited, then the correction would be to record the deposit of $304.30. 2B. If it is confirmed that Katrina Beneficio's credit for $32.33 was not processed properly, then the correction would be to enter the $32.33 using the Refunds & Credits icon on the Home page. The credit then must be applied to Katrina Beneficio's balance by selecting the icon: Use credit to apply to invoice.

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

4.28

Exploring QuickBooks with Rock Castle Construction

EXERCISE 4.5 QUICKBOOKS POINT OF SALES To: Rock Castle From: YourName Subject: QuickBooks Point of Sale Dear Mr. Castle: After investigating the features and benefits of QuickBooks Point of Sale (POS), I believe POS would be a great product for Rock Castle to integrate into its QuickBooks software. POS allows you to accept credit card payments, issue and redeem gift cards, track inventory, and provide customer sales history. The QuickBooks Point of Sale includes inventory management tools that automatically generate and email purchase orders. This could be a way to increase collections and receive more payments at the time of purchase. Also, it has the potential to cut down on monthly billing volume and cost. If you are interested or need more information, please let me know. I would be happy to assist with the installation and set up of this great QuickBooks feature if you do decide to use it. Best regards, YourName

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.29

PROJECT 4 OPEN INVOICES Your Name Project 4 Larry's Landscaping

Open Invoices As of December 21, 2019 Type Adam's Candy Shop Invoice

Date 11/18/2019

Num

P. O. #

Terms

141

Due Date

Class

11/18/2020

40.00 11/15/2019

134

Due on re...

11/15/2020

1,125.00

Total Blackwell, Edward Crenshaw, Bob Invoice Invoice

1,125.00 12/10/2019 11/25/2019

FC 8 135

Net 15 Net 30

12/25/2020 12/25/2020

Landscapi...

Total Crenshaw, Bob Ecker Design Invoice Invoice

16.03 1,575.00 1,591.03

11/30/2019 12/15/2019

111 131

Net 15 Net 15

12/15/2020 12/30/2020

Landscapi... Maintena...

Total Ecker Design

3,047.96 123.00 3,170.96

Golliday Sporting Goods 155 Wilks Blvd. Invoice 11/30/2019

108

1% 10 Ne...

12/30/2020

Landscapi...

Total 155 Wilks Blvd. 75 Sunset Rd. Invoice

Open Balance 40.00

Total Adam's Candy Shop Blackwell, Edward Invoice

Aging

300.00 300.00

12/02/2019

120

Net 15

12/17/2020

Landscapi...

2,404.19

Total 75 Sunset Rd.

2,404.19

Total Golliday Sporting Goods

2,704.19

Gregory, Dru Invoice

11/12/2019

2% 10 Ne...

12/12/2020

Landscapi...

Total Gregory, Dru Heldt, Bob Invoice

784.16 08/23/2019

137

Net 15

09/07/2020

101.82

Total Heldt, Bob

101.82

Hermann, Jennifer Residential Maintenance Invoice 12/12/2019

127

Net 30

01/11/2021

Maintena...

Total Residential Maintenance

35.00 11/24/2019 12/10/2019

104 FC 9

Net 15 Net 15

12/09/2020 12/25/2020

Design Landscapi...

Total Hughes, David Jim's Family Store Invoice

12/14/2019

130

Net 30

01/13/2021

Landscapi...

11/18/2019

140

11/18/2020

40.00 40.00

11/25/2019

106

Net 30

12/25/2020

Landscapi...

Total Lee Residence

1,724.84 1,724.84

Total Lee, Laurel Leon, Richard Invoice

1,833.37 1,833.37

Total Julie's Doll House Lee, Laurel Lee Residence Invoice

336.88 16.58 353.46

Total Jim's Family Store Julie's Doll House Invoice

35.00 35.00

Total Hermann, Jennifer Hughes, David Invoice Invoice

784.16

1,724.84 11/30/2019

110

Total Leon, Richard

Computer Accounting with QuickBooks 2015 by Donna Kay

Net 15

12/15/2020

Design

1,390.00 1,390.00

©McGraw-Hill Education, 2016

4.30

Exploring QuickBooks with Rock Castle Construction Your Name Project 4 Larry's Landscaping

Open Invoices As of December 21, 2019 Type Lochrie, Steven Invoice

Date 08/22/2019

Num

P. O. #

136

Terms Net 15

Due Date

Class

Aging

09/06/2020

87.28

Total Lochrie, Steven Loomis, Anne Invoice Invoice

87.28 12/19/2019 12/10/2019

142 125

Due on re... 1% 10 Ne...

12/19/2019 01/09/2021

2 Landscapi...

Total Loomis, Anne 118

Net 30

12/31/2020

Landscapi...

Total Middlefield Elementary School 12/05/2019

122

Net 30

01/04/2021

Design

12/04/2019

121

Net 15

12/19/2020

1,389.01 1,389.01

11/17/2019

103

Net 15

12/02/2020

Landscapi...

Total Residential

2,986.45 12/20/2019

144

Net 30

01/19/2020

80.00

Total Price, Gwen Rosenstock, Amy Invoice

80.00 11/25/2019

107

Net 30

12/25/2020

Maintena...

Total Rosenstock, Amy Rummens, Susie 2877 S Rosebush Invoice

12/12/2019

128

12/12/2020

Landscapi...

1,438.56 12/20/2019

143

Net 30

01/19/2020

75.00

Total Russell Chiropractic

75.00 12/12/2019

129

Net 15

12/27/2020

Landscapi...

Total Stinson, Tracy Theurer-Davis, Vicki Irrigation & Lawn Invoice

1,438.56 1,438.56

Total Rummens, Susie

Stinson, Tracy Invoice

845.73 845.73

Total 2877 S Rosebush

Russell Chiropractic Invoice

1,597.44 1,597.44

Total Pretell, Erika Price, Gwen Invoice

3,750.00 3,750.00

Total Pretell Estates Residential Invoice

665.00 665.00

Total Paxton Consulting Pretell, Erika Pretell Estates Invoice

60.00 4,190.20 4,250.20

Middlefield Elementary School Invoice 12/01/2019

Paxton Consulting Invoice

Open Balance

1,730.30 1,730.30

12/01/2019

119

8% 30 Ne...

01/30/2021

Landscapi...

907.29

Total Irrigation & Lawn

907.29

Total Theurer-Davis, Vicki

907.29

Walker, Rich Invoice

11/11/2019

Net 30

12/11/2020

Maintena...

Total Walker, Rich Williams, Abraham Invoice Invoice

185.00 185.00

11/05/2019 12/10/2019

91 FC 10

Total Williams, Abraham

Net 15 Due on re...

11/20/2020 12/10/2020

Landscapi... Landscapi...

1,979.89 9.57 1,989.46 33,884.10

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 4 Customers and Sales 4.31

PROJECT 4 DEPOSIT DETAIL

Your Name Project 4 Larry's Landscaping

Deposit Detail December 19 - 21, 2019 Type

Num

Deposit Sales Receipt Sales Receipt Payment Payment Sales Receipt Payment

Date

Name

12/21/2019 21 22 321 823 23 1281

12/19/2019 12/20/2019 12/19/2019 12/20/2019 12/21/2019 12/21/2019

Heldt, Bob Stinson, Tracy Rummens, Susie Heldt, Bob Perry, Dave Balak, Mike

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

Account

Amount

Checking

2,252.56

1400 · Undeposited ... 1400 · Undeposited ... 1400 · Undeposited ... 1400 · Undeposited ... 1400 · Undeposited ... 1400 · Undeposited ...

-80.81 -10.06 -135.00 -1,825.92 -20.77 -180.00 -2,252.56

©McGraw-Hill Education, 2016

4.32

Exploring QuickBooks with Rock Castle Construction

PROJECT 4 JOURNAL

Your Name Project 4 Larry's Landscaping

Journal December 19 - 21, 2019 Trans # 912

Type Sales Receipt

Date 12/19/2019

Num 21

Adj

Name Heldt, Bob Heldt, Bob Heldt, Bob Heldt, Bob State Board of Equ...

Memo

Account

Fountain pump Fountain pump Fountain pump Sales Tax - ...

1400 · Undeposite... 4112 · Fountains &... 1300 · Inventory A... 5000 · Cost of Goo... 2300 · Sales Tax P...

Debit

Credit 80.81 75.00 53.94 53.94 5.81

134.75 913

Sales Receipt

12/20/2019

Stinson, Tracy Stinson, Tracy State Board of Equ...

1400 · Undeposite... Retail Sales 2300 · Sales Tax P...

10.06

Lawn & Gard... CA sales tax...

20.77

Garden rocks CA sales tax...

1400 · Undeposite... 4113 · Plants and ... 2300 · Sales Tax P...

9.45 0.61 10.06

914

Sales Receipt

12/21/2019

Perry, Dave Perry, Dave State Board of Equ...

Invoice

12/19/2019

142

Loomis, Anne Loomis, Anne State Board of Equ...

1200 · Accounts R... 4122 · Maintenanc... 2300 · Sales Tax P...

60.00

Pest control ... Sales Tax - ...

Invoice

12/20/2019

143

Russell Chiropractic Russell Chiropractic State Board of Equ...

75.00

Weekly gard... Sales Tax - ...

1200 · Accounts R... 4121 · Installation 2300 · Sales Tax P...

80.00

Tree Remov... Sales Tax - ...

1200 · Accounts R... Service 2300 · Sales Tax P...

1400 · Undeposite... 1200 · Accounts R...

135.00

60.00

Invoice

12/20/2019

144

Price, Gwen Price, Gwen State Board of Equ...

75.00

Payment

12/19/2019

321

Rummens, Susie Rummens, Susie:7...

80.00

Payment

12/20/2019

823

Heldt, Bob Heldt, Bob

1400 · Undeposite... 1200 · Accounts R...

Payment

12/21/2019

1281

Balak, Mike Balak, Mike:330 M...

1400 · Undeposite... 1200 · Accounts R...

1,825.92

Deposit

12/21/2019 -MULTIPLE-

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

Deposit Deposit

Checking 1400 · Undeposite...

1,825.92

180.00 180.00 180.00

921

135.00

1,825.92 1,825.92

920

80.00 135.00

135.00 919

75.00

0.00 80.00

918

60.00

0.00 75.00

917

20.77

0.00 60.00

916

10.06 19.50 1.27

20.77 915

134.75

180.00

2,252.56 2,252.56 2,252.56

2,252.56

4,774.06

©McGraw-Hill Education, 2016

CHAPTER 5

VENDORS, PURCHASES, AND INVENTORY

INSTRUCTOR NOTE:

5. 2

Exploring QuickBooks with Rock Castle Construction

CHAPTER 5 QUICK CHECK CHAPTER 5 £ * Vendor List £ * Item List £ Purchase Order Nos. 6238 & 6239 £ Check Nos. 520-521 £ Check Nos. 522-523 for Sales Tax £ * Vendor Transaction Report £ * A/P Aging Summary Report £ * Open Purchase Orders Report £ * Inventory Stock Status by Item Report £ * Physical Inventory Worksheet EXERCISE 5.1 £ Task 4: Purchase Order 6240 £ Task 7: Check No. 524 £ * Task 8: Transaction List by Vendor EXERCISE 5.2 £ Task 3: Customer Invoice No. 1104 £ Task 5: Bank Deposit Summary £ * Task 6: Transaction List by Customer EXERCISE 5.3 £ Task 3: Check Nos. 525-526 £ * Task 4: Check Detail EXERCISE 5.4 £ * Task 2: Inventory Stock Status By Item Report £ * Task 3: Trial Balance £ * Task 4: Journal EXERCISE 5.5 £ Bill Pay Security

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 3

PROJECT 5 QUICK CHECK PROJECT 5 £ £ £ £

* Open Purchase Orders * Check Detail * A/P Aging Detail * Journal

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Get complete Order files download link below htps://www.mediafire.com/file/04ko49nw4pmk1ib/S M+Computer+Accoun�ng+with+QuickBooks+2015,+17 e+Donna+Kay.zip/file

If this link does not work with a click, then copy the complete Download link and paste link in internet explorer/ﬁrefox/google chrome and get all ﬁles download successfully.

5. 4

Exploring QuickBooks with Rock Castle Construction

CHAPTER 5 VENDOR LIST

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 5 Vendors, Purchases, and Inventory 5. 5

©McGraw-Hill Education, 2016

5. 6

Exploring QuickBooks with Rock Castle Construction

CHAPTER 5 ITEM LIST

Your Name Chapter 5 Rock Castle Construction

Item Listing December 15, 2019 Item Blueprint changes Blueprints Concrete Slab Floor Plans Framing Installation Labor Removal Repairs Subs Subs:Carpet Subs:Drywall Subs:Duct Work Subs:Electrical Subs:Insulating Subs:Metal Wrk Subs:Painting Subs:Plumbing Subs:Roofing Subs:Tile &Counter Cabinets Cabinets:Cabinet Pulls Cabinets:Light Pine Door Frame Hardware Hardware:Bifold Knobs Hardware:Brass hinges Hardware:Doorknobs Std Hardware:Lk Doorknobs Wood Door Wood Door:Bifold Doors Wood Door:Exterior Wood Door:Interior Interior Door kit Appliance Cabinets - Custom Counter Electrical Materials Flooring Fluorescent Ceiling Lighting Lighting Lumber Lumber:Decking Lumber:Rough Lumber:Trim Patio Door Plumb Fixtrs Window Bad debt Delivery Charges Deposit Equip Rental Fin Chg Freight Reimbursement Permit Retainage 1 Retainage 2 Reimb Subt Subtotal A1 Custom Storage Shed A2 Custom Storage Shed A3 Custom Storage Shed BOM Door set Reimb Group Room Addition/Remodel Discount Payment Pre-Payment East Bayshore Out of State San Domingo San Tomas E. Bayshore/County

Description Blueprints Foundation slab - prep and pouring Floor plans Framing labor Installation labor Removal labor Repair work Subcontracted services Install carpeting Install drywall Heating & Air Conditioning Duct Work Electrical work Install insulation Metal Work Painting Plumbing Roofing Install tile or counter Cabinets Cabinet Pulls Light pine kitchen cabinet wall unit standard interior door frame Bifold door hardware standard interior brass hinge Standard Doorknobs Locking interior doorknobs Doors Bifold interior door Exterior wood door Interior wood door complete Interior door Custom counters Custom made counter top Electrical Materials Flooring Fluorescent Lights Lighting Lumber Decking lumber Rough lumber Trim lumber Plumbing fixtures Window Bad debt or write-off amounts Freight & Delivery Equipment Rental Finance Charges on Overdue Balance Freight and Delivery Reimbursement Building permit 10% retainage to be billed after job is complete and appro... Final billing for 10% retainage Subtotal of Reimbursable Expenses Subtotal Custom Storage Building - Model A1 Custom Storage Building - Model A2 Custom Storage Building - model A3 Exterior door and hardware set Time and materials Project Total 10% Discount Down payment received City Sales Tax Out-of-state sale, exempt from sales tax CA sales tax, San Domingo County CA sales tax, San Tomas County Sales Tax

Type Service Service Service Service Service Service Service Service Service Service Service Service Service Service Service Service Service Service Service Service Inventory Part Inventory Part Inventory Part Inventory Part Inventory Part Inventory Part Inventory Part Inventory Part Inventory Part Inventory Part Inventory Part Inventory Part Inventory Part Inventory Assembly Non-inventory Part Non-inventory Part Non-inventory Part Non-inventory Part Non-inventory Part Non-inventory Part Non-inventory Part Non-inventory Part Non-inventory Part Non-inventory Part Non-inventory Part Non-inventory Part Non-inventory Part Non-inventory Part Other Charge Other Charge Other Charge Other Charge Other Charge Other Charge Other Charge Other Charge Other Charge Subtotal Subtotal Group Group Group Group Group Group Group Discount Payment Payment Sales Tax Item Sales Tax Item Sales Tax Item Sales Tax Item Sales Tax Group

Computer Accounting with QuickBooks 2015 by Donna Kay

Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 0.00 3.00 1,500.00 12.00 0.00 6.00 3.00 15.00 34.95 0.00 45.00 590.39 35.00 0 75.00 2,100.00 1,750.00 2,000.00 0 45.00 52.00 0.00 0.00 475.00 95.00 124.75 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 0 0 0 0 0 0 0 0.00 0.00 0 0 0.00 0 0.00 0 0 0 0 0

Price

Sales Tax Code

0.00 0.00 0.00 0.00 55.00 35.00 0.00 35.00 35.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,799.00 0.00 0.00 10.00 0.00 30.00 38.00 0.00 70.00 120.00 72.00 0.00 0.00 0.00 1,899.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 200.00 0.00 0.00 0.00 0.00 0.00 0.00 10% 0.00 0.00 -10% 0.00

Non Non Non Non Non Non Non Non Non Non Non Non Non Non Non Non Non Non Non Non Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Non Non Non Non Non Non Non Non Non

-10%

Non

0.3% 0% 7.5% 7.75% 8.05%

©McGraw-Hill Education, 2016

Quantity On Hand

0 422 6 21 0 0 246 124 121 0 0 15 47 20

Chapter 5 Vendors, Purchases, and Inventory 5. 7

Your Name Chapter 5 Rock Castle Construction

Item Listing December 15, 2019 Quantity On Sales Order

Reorder Pt (Min)

0 0 2 0 0 0 0 0 0 0 0 0 0 0

Quantity On Purchase Order

15 15 0 2 50 50 2 5 5 5 0

U/M Set

0 0 0 0 0 0 0 0 0 0 0 0 0 0

U/M

Each to Case/Doz

each (ea)

Each to Case/Doz

each (ea)

0 0 0 0 0 0 0 0 0

Preferred Vendor

Vu Contracting Larson Flooring Middlefield Drywall Vu Contracting C.U. Electric Keswick Insulation Hamlin Metal Washuta & Son Painting Lew Plumbing Sloan Roofing Wheeler's Tile Etc. Thomas Kitchen & Bath Patton Hardware Supplies Patton Hardware Supplies Patton Hardware Supplies Patton Hardware Supplies Patton Hardware Supplies Perry Windows & Doors Perry Windows & Doors Perry Windows & Doors Patton Hardware Supplies Kolbe Window & Door Perry Windows & Doors Perry Windows & Doors McClain Appliances Thomas Kitchen & Bath Thomas Kitchen & Bath C.U. Electric Patton Hardware Supplies Daigle Lighting Daigle Lighting Timberloft Lumber Timberloft Lumber Timberloft Lumber Timberloft Lumber Perry Windows & Doors Thomas Kitchen & Bath Perry Windows & Doors

Hopkins Construction Rentals City of Bayshore 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

5. 8

Exploring QuickBooks with Rock Castle Construction

CHAPTER 5 PURCHASE ORDER NOS. 6238 & 6239

Purchase Order

Your Name Chapter 5 Rock Castle Construction

1735 County Road Bayshore, CA 94326

P.O. No.

12/20/2019

6238

U/M

Amount

Ship To

Vendor Kolbe Window & Door John Kolbe 58 Charles Bayshore, CA 94326

Item Bifold Doors

Date

Rock Castle Construction 1735 County Road Bayshore, CA 94326

Description Bifold interior door

Qty

Rate 6

45.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

270.00

$270.00

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 9

Purchase Order

Your Name Chapter 5 Rock Castle Construction

1735 County Road Bayshore, CA 94326

Patton Hardware Supplies 4872 County Rd Bayshore CA 94326

Item

P.O. No.

12/20/2019

6239

U/M

Amount

Ship To

Vendor

Bifold Knobs

Date

Rock Castle Construction 1735 County Road Bayshore, CA 94326

Description Bifold door hardware

Qty

Rate 6

6.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

36.00

$36.00

©McGraw-Hill Education, 2016

5. 10

Exploring QuickBooks with Rock Castle Construction

CHAPTER 5 CHECK NOS. 520-521

Your Name Chapter 5 Rock Castle Construction 1735 County Road Bayshore, CA 94326

Kolbe Window & Door

12/23/2019 **260.00

Two Hundred Sixty and 00/100******************************************************************************************** Kolbe Window & Door John Kolbe 58 Charles Bayshore, CA 94326

Your Name Chapter 5 Rock Castle Construction 1735 County Road Bayshore, CA 94326

Patton Hardware Supplies

12/23/2019 **36.00

Thirty-Six and 00/100******************************************************************************************************* Patton Hardware Supplies 4872 County Rd Bayshore CA 94326

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 11

CHAPTER 5 CHECK NOS. 522-523 FOR SALES TAX

Your Name Chapter 5 Rock Castle Construction 1735 County Road Bayshore, CA 94326

City of East Bayshore

12/31/2019 **0.29

Zero and 29/100************************************************************************************************************ City of East Bayshore PO Box 32786 East Bayshore, CA 94786

Your Name Chapter 5 Rock Castle Construction 1735 County Road Bayshore, CA 94326

State Board of Equalization

12/31/2019 **975.95

Nine Hundred Seventy-Five and 95/100********************************************************************************** State Board of Equalization P.O. Box 3456 Sacramento CA 94280 ABCD 11-234567

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

5. 12

Exploring QuickBooks with Rock Castle Construction

CHAPTER 5 VENDOR TRANSACTION REPORT

CHAPTER 5 A/P AGING SUMMARY REPORT

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 13

CHAPTER 5 OPEN PURCHASE ORDERS REPORT

Your Name Chapter 5 Rock Castle Construction

Open Purchase Orders All Transactions Type Purchase Order Purchase Order Purchase Order Purchase Order Purchase Order Purchase Order Purchase Order Purchase Order Purchase Order Purchase Order

Date

Name

10/22/2019 11/28/2019 12/01/2019 12/03/2019 12/07/2019 12/09/2019 12/12/2019 12/15/2019 12/15/2019 12/20/2019

Perry Windows & Do... Timberloft Lumber Larson Flooring Larson Flooring Daigle Lighting Wheeler's Tile Etc. Lew Plumbing Daigle Lighting A Cheung Limited Kolbe Window & Door

Num 6219 6226 6230 6231 6232 6233 6235 6236 6237 6238

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Deliv Date 10/22/2019 11/28/2019 12/01/2019 12/03/2019 12/07/2019 12/09/2019 12/12/2019 12/15/2019 12/15/2019 12/20/2019

Amount

Open Balance

3,530.00 6,075.00 341.20 4,750.00 163.25 188.40 403.40 65.00 3,500.00 270.00

2,243.00 6,075.00 341.20 4,750.00 163.25 188.40 403.40 65.00 1,500.00 45.00

19,286.25

15,774.25

©McGraw-Hill Education, 2016

5. 14

Exploring QuickBooks with Rock Castle Construction

CHAPTER 5 INVENTORY STOCK STATUS BY ITEM REPORT

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 5 Vendors, Purchases, and Inventory 5. 15

©McGraw-Hill Education, 2016

5. 16

Exploring QuickBooks with Rock Castle Construction

CHAPTER 5 PHYSICAL INVENTORY WORKSHEET

Your Name Chapter 5 Rock Castle Construction

Physical Inventory Worksheet December 31, 2019 Item

Description

Preferred Vendor

Quantity On Hand

Physical Count

Cabinets

Thomas Kitchen & B...

Cabinets:Cabin...

Cabinet Pulls

Patton Hardware Su...

422

Cabinets:Light ...

Light pine kitchen cabinet ...

Patton Hardware Su...

Door Frame

standard interior door frame

Patton Hardware Su...

Hardware Hardware:Bifol...

Bifold door hardware

Hardware:Bras...

standard interior brass hin...

Perry Windows & Do...

246

Hardware:Door...

Standard Doorknobs

Perry Windows & Do...

124

Hardware:Lk D...

Locking interior doorknobs

Perry Windows & Do...

121

Wood Door

Doors

Patton Hardware Su...

Wood Door:Bif...

Bifold interior door

Kolbe Window & Door

Wood Door:Ext...

Exterior wood door

Perry Windows & Do...

Wood Door:Int...

Interior wood door

Perry Windows & Do...

Interior Door kit

complete Interior door

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 17

EXERCISE 5.1 TASK 4 PURCHASE ORDER 6240

Purchase Order

Your Name Exercise 5.1 Rock Castle Construction

1735 County Road Bayshore, CA 94326

P.O. No.

12/23/2019

6240

U/M

Amount

Ship To

Vendor Joseph's Closets 13 Rheims Road Bayshore, CA 94326

Item

Date

Rock Castle Construction 1735 County Road Bayshore, CA 94326

Description

12' Closet Shelv... 12' Closet Shelving 6' Closet Shelving 6' Closet Shelving Closet Install Kit Closet Installation Kit

Qty

Rate 6 6 6

18.00 11.00 5.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

108.00 66.00 30.00

$204.00

©McGraw-Hill Education, 2016

5. 18

Exploring QuickBooks with Rock Castle Construction

EXERCISE 5.1 TASK 7 CHECK NO. 524

EXERCISE 5.1 TASK 8 TRANSACTION LIST BY VENDOR

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 19

EXERCISE 5.2 TASK 3 CUSTOMER INVOICE NO. 1104

Invoice

Your Name Exercise 5.2 Rock Castle Construction

1735 County Road Bayshore, CA 94326

DATE

INVOICE #

12/27/2019

1104

SHIP TO

BILL TO Katrina L Beneficio 10 Pico Blvd Bayshore, CA 94326

DESCRIPTION

TERMS

DUE DATE

PROJECT

Net 30

1/26/2020

Closet Shelving

QUANTITY

12' Closet Shelving 6' Closet Shelving Closet Installation Kit Installation labor

U/M

RATE

2 1 1 3

AMOUNT 25.00 15.00 8.00 35.00

Subtotal

$178.00

Sales Tax (7.75%) Total

Computer Accounting with QuickBooks 2015 by Donna Kay

50.00T 15.00T 8.00T 105.00

$5.66 $183.66

Payments/Credits

$0.00

Balance Due

$183.66

©McGraw-Hill Education, 2016

5. 20

Exploring QuickBooks with Rock Castle Construction

EXERCISE 5.2 TASK 5 BANK DEPOSIT SUMMARY

EXERCISE 5.2 TASK 6 TRANSACTION LIST BY CUSTOMER

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 21

EXERCISE 5.3 TASK 3 CHECK NOS. 525-526

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

5. 22

Exploring QuickBooks with Rock Castle Construction

EXERCISE 5.3 TASK 4 CHECK DETAIL

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 23

EXERCISE 5.4 TASK 2 INVENTORY STOCK STATUS BY ITEM REPORT

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

5. 24

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 25

EXERCISE 5.4 TASK 3 TRIAL BALANCE

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

5. 26

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 27

EXERCISE 5.4 TASK 4 JOURNAL

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

5. 28

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 5 Vendors, Purchases, and Inventory 5. 29

©McGraw-Hill Education, 2016

5. 30

Exploring QuickBooks with Rock Castle Construction

EXERCISE 5.5 BILL PAY SECURITY To: Mr. Castle From: Your Name Subject: Bill Pay Security Features Mr. Castle, With the increase in fraud targeting small business, I recommend that Rock Castle Construction consider the following security features when using QuickBooks to pay its bills: •Secure checks that offer security features including specially formulated check paper that anchors toner ink to the check paper, making check washing to remove toner virtually impossible. •Secure checks that offer composited, multi-colored background that deters reproducing the checks on a copier. •Secure checks that have a heat sensitive icon that cannot be reproduced on photocopied checks. •Security pen to sign checks that trap ink in the check, preventing check washing by fraudsters. These security features are relatively low cost compared to the cost of fraud. Thank You, Your Name

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 31

PROJECT 5 OPEN PURCHASE ORDERS

PROJECT 5 CHECK DETAIL

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

5. 32

Exploring QuickBooks with Rock Castle Construction

PROJECT 5 A/P AGING DETAIL Your Name Project 5 Larry's Landscaping

A/P Aging Detail As of December 23, 2019 Type Current Bill Bill Bill Bill Bill Bill

Date 12/23/2019 08/22/2019 11/27/2019 12/14/2019 12/13/2019 12/15/2019

Num

12/03 12/03

Name

Due Date

Sult Advertising Conner Garden Sup... Nolan Hardware and... Cal Gas & Electric Robert Carr Masonry Cal Telephone

01/22/2020 09/01/2020 12/27/2020 12/29/2020 01/12/2021 01/14/2021

Total Current

Aging

Open Balance 100.00 127.20 610.00 137.50 196.25 45.00 1,215.95

1 - 30 Item Receipt Item Receipt

12/05/2019 12/22/2019

Nolan Hardware and... Nolan Hardware and...

Total 1 - 30

336.00 358.20 694.20

31 - 60 Total 31 - 60 61 - 90 Total 61 - 90 > 90 Total > 90 TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

1,910.15

©McGraw-Hill Education, 2016

Chapter 5 Vendors, Purchases, and Inventory 5. 33

PROJECT 5 JOURNAL

Your Name Project 5 Larry's Landscaping

Journal December 22 - 23, 2019 Trans #

Type

925

Item Receipt

Date 12/22/2019

Num

Adj

Name

Memo

Account

Nolan Hardware a... Nolan Hardware a...

Received ite... -MULTIPLE-

2000 · Accounts P... 1300 · Inventory A...

-MULTIPLE-

2000 · Accounts P... 7113 · Plants & Sod

1/2" Vinyl Irr...

2000 · Accounts P... 1300 · Inventory A...

Debit

Credit 358.20

358.20 358.20

926

Bill

12/22/2019

Gussman's Nursery -MULTIPLE-

147.00 147.00

927

Bill

12/23/2019

Conner Garden Su... Conner Garden Su...

Bill

12/23/2019

Sult Advertising Sult Advertising

2000 · Accounts P... 6000 · Advertising

12.00

Bill Pmt -Check

12/23/2019

Conner Garden Su... Conner Garden Su...

Checking 2000 · Accounts P...

Great Statewide B... Great Statewide B...

Checking 2000 · Accounts P...

Gussman's Nursery Gussman's Nursery

Checking 2000 · Accounts P...

100.00

Bill Pmt -Check

12/23/2019

12.00

Bill Pmt -Check

12/23/2019

699.12

Bill Pmt -Check

12/23/2019

Townley Insurance... Townley Insurance...

Policy #86-6... Policy #86-6...

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

Checking 2000 · Accounts P...

699.12 147.00

147.00 147.00

932

12.00 699.12

699.12 931

100.00

12.00 12.00

930

12.00 100.00

100.00 929

147.00

12.00 12.00

928

358.20 147.00

147.00 427.62

427.62 427.62

427.62

1,902.94

©McGraw-Hill Education, 2016

CHAPTER 6!

! ! !

EMPLOYEES ! AND PAYROLL INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

6. 2

Exploring QuickBooks with Rock Castle Construction

CHAPTER 6 QUICK CHECK CHAPTER 6 £ * Employee List £ Timesheets £ Invoice No. 1105 £ Paycheck (Voucher Check) No. 10080 £ * Payroll Summary £ * Time by Job Summary EXERCISE 6.1 £ Task 2: Timesheets £ Task 3: Paychecks (Voucher Checks) Nos. 10081 and 10082 £ * Task 4: Payroll Transaction Detail EXERCISE 6.2 £ Task 2: Customer Invoice No. 1106 £ * Task 3: Time by Job Detail EXERCISE 6.3 £ * Task 2: Payroll Liability Balances £ Task 2: Payroll Liabilities Check Nos. 10083-10085 £ * Task 3: Payroll Transactions by Payee EXERCISE 6.4 £ QuickBooks Payroll Service Printouts £ QuickBooks Payroll Recommendation EXERCISE 6.5 £ IRS Forms 940 and 941 EXERCISE 6.6 £ IRS Employee Status and Independent Contractor

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 3

PROJECT 6 QUICK CHECK PROJECT 6 £ * Payroll Summary £ * Journal

! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

6. 4

Exploring QuickBooks with Rock Castle Construction

CHAPTER 6 EMPLOYEE LIST

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 5

CHAPTER 6 TIMESHEETS

Timesheet Printed on: 12/15/2019 Name:

LastName, FirstName

Customer:Job

Service Item

Dec 9 to Dec 15, 2019 Payroll Item

WC Code

Notes

Regular Pay

Totals

6:00

Total 30:00

0:00

Bill* N

30:00

Signature

! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

6. 6

Exploring QuickBooks with Rock Castle Construction

Timesheet Printed on: 12/15/2019 Name:

Mason, Elizabeth N.

Customer:Job Teschner, Anton:Sun Room Teschner, Anton:Sun Room

Service Item

Dec 9 to Dec 15, 2019 Notes

Class

Framing

8:00

6:00

Installation

Totals

8:00

2:00

8:00

0:00

Total

Bill*

30:00

10:00

40:00

Signature

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 7

CHAPTER 6 INVOICE NO. 1105

Invoice

Your Name Chapter 6 Rock Castle Construction

1735 County Road Bayshore, CA 94326

DATE

INVOICE #

12/27/2019

1105

SHIP TO

BILL TO Anton Teschner 2424 Lisa Lane Bayshore, CA 94326

DESCRIPTION

TERMS

DUE DATE

PROJECT

Net 15

1/11/2020

Sun Room

QUANTITY

U/M

Removal labor Removal labor Framing labor Framing labor Removal labor Framing labor Framing labor Framing labor Framing labor Removal labor Removal labor Removal labor Framing labor Framing labor Framing labor Framing labor Framing labor Installation labor Installation labor Installation labor Installation labor Installation labor

RATE

8 8 8 6 2 8 8 8 4 4 8 8 8 8 8 8 6 2 8 8 8 8

AMOUNT 35.00 35.00 55.00 55.00 35.00 55.00 55.00 55.00 55.00 35.00 35.00 35.00 55.00 55.00 55.00 55.00 55.00 35.00 35.00 35.00 35.00 35.00

280.00 280.00 440.00 330.00 70.00 440.00 440.00 440.00 220.00 140.00 280.00 280.00 440.00 440.00 440.00 440.00 330.00 70.00 280.00 280.00 280.00 280.00

Subtotal Sales Tax (7.75%) Total Payments/Credits

Balance Due Page 1 Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

6. 8

Exploring QuickBooks with Rock Castle Construction

Invoice

Your Name Chapter 6 Rock Castle Construction

1735 County Road Bayshore, CA 94326

DATE

INVOICE #

12/27/2019

1105

SHIP TO

BILL TO Anton Teschner 2424 Lisa Lane Bayshore, CA 94326

DESCRIPTION

TERMS

DUE DATE

PROJECT

Net 15

1/11/2020

Sun Room

QUANTITY

U/M

Installation labor Installation labor

RATE

8 8

AMOUNT 35.00 35.00

Subtotal Sales Tax (7.75%) Total

280.00 280.00

$7,480.00 $0.00 $7,480.00

Payments/Credits

$0.00

Balance Due

$7,480.00

Page 2

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 9

CHAPTER 6 PAYCHECK NO. 10080 Your Name Chapter 6 Rock Castle Construction 1735 County Road Bayshore, CA 94326

12/22/2019

Elizabeth N. Mason

**943.32

Nine Hundred Forty-Three and 32/100*********************************************************************************** Elizabeth N. Mason 29 Cedar Street Middlefield, CA 93210 Pay Period: 12/09/2019 - 12/22/2019

Employee Elizabeth N. Mason, 29 Cedar Street, Middlefield, CA 93210 Earnings and Hours Regular Pay Overtime Rate

Hours 80:00

Rate 14.75

SSN Status (Fed/State) ***-**-1234 Single/Single Pay Period: 12/09/2019 - 12/22/2019

Current 1,180.00 0.00 1,180.00

YTD Amount 31,860.00 442.60 32,302.60

Taxes Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability Employee

Current -124.00 -73.16 -17.11 -22.41 0.00 -236.68

YTD Amount -3,570.00 -2,002.76 -468.39 -830.31 -339.39 -7,210.85

Adjustments to Net Pay Health Insurance

Current 0.00

YTD Amount -600.00

943.32

24,491.75

YTD Used

Available 40:00 165:00

80:00

Net Pay Earned 40:00 6:45

Paid Time Off Sick Vacation

Allowances/Extra Fed-1/0/CA-1/0 Pay Date: 12/22/2019

Your Name Chapter 6 Rock Castle Construction, 1735 County Road, Bayshore, CA 94326, Rock Castle Construction, Inc.

Employee Elizabeth N. Mason, 29 Cedar Street, Middlefield, CA 93210 Earnings and Hours Regular Pay Overtime Rate

Hours 80:00

Rate 14.75

SSN Status (Fed/State) ***-**-1234 Single/Single Pay Period: 12/09/2019 - 12/22/2019

Current 1,180.00 0.00 1,180.00

YTD Amount 31,860.00 442.60 32,302.60

Taxes Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability Employee

Current -124.00 -73.16 -17.11 -22.41 0.00 -236.68

YTD Amount -3,570.00 -2,002.76 -468.39 -830.31 -339.39 -7,210.85

Adjustments to Net Pay Health Insurance

Current 0.00

YTD Amount -600.00

Net Pay

943.32

24,491.75

YTD Used

Available 40:00 165:00

80:00

Paid Time Off Sick Vacation

Earned 40:00 6:45

Allowances/Extra Fed-1/0/CA-1/0 Pay Date: 12/22/2019

Your Name Chapter 6 Rock Castle Construction, 1735 County Road, Bayshore, CA 94326, Rock Castle Construction, Inc.

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

6. 10

Exploring QuickBooks with Rock Castle Construction

CHAPTER 6 PAYROLL SUMMARY

Your Name Chapter 6 Rock Castle Construction

Payroll Summary December 2019 Mason, Elizabeth N. Hours Employee Wages, Taxes and Adjustments Gross Pay Salary Overtime Rate Regular Pay Sick Hourly Vacation Hourly

320

Rate

22.13 14.75 14.75 14.75

Miller, Dan T. Dec 19

Hours

0.00 0.00 4,720.00 0.00 0.00

Rate

Schneider, Gregg O. Dec 19

4,788.45 0.00 0.00 0.00 0.00

Hours

320

Rate

25.88 17.25 17.25 17.25

TOTAL Dec 19

0.00 0.00 5,520.00 0.00 0.00

Hours

Rate

640.00

Dec 19

4,788.45 0.00 10,240.00 0.00 0.00

Total Gross Pay

320

4,720.00

4,788.45

320

5,520.00

640.00

15,028.45

Adjusted Gross Pay

320

4,720.00

4,788.45

320

5,520.00

640.00

15,028.45

Taxes Withheld Advance Earned Income Credit Federal Withholding Medicare Employee Social Security Employee CA - Withholding CA - Disability Employee

0.00 -512.00 -68.44 -292.64 -108.27 -13.92

0.00 -328.00 -69.44 -296.88 -50.39 -18.84

0.00 -656.00 -80.04 -342.24 -166.94 -32.57

0.00 -1,496.00 -217.92 -931.76 -325.60 -65.33

Total Taxes Withheld

-995.27

-763.55

-1,277.79

-3,036.61

Deductions from Net Pay Health Insurance

-50.00

-150.00

Total Deductions from Net Pay

-50.00

3,674.73

3,974.90

Employer Taxes and Contributions Federal Unemployment Medicare Company Social Security Company CA - Unemployment Company Workers Compensation CA - Employee Training Tax

0.00 68.44 292.64 0.00 484.72 0.00

0.00 69.44 296.88 0.00 798.33 0.00

100.00 80.04 342.24 100.00 52.44 10.00

100.00 217.92 931.76 100.00 1,335.49 10.00

Total Employer Taxes and Contributions

845.80

1,164.65

684.72

2,695.17

320

Net Pay

320

4,192.21

-150.00 640.00

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

11,841.84

Chapter 6 Employees and Payroll 6. 11

! CHAPTER 6 TIME BY JOB SUMMARY

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

6. 12

Exploring QuickBooks with Rock Castle Construction

EXERCISE 6.1 TASK 2 TIMESHEETS

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Timesheet Printed on: 12/15/2019 Name:

Miller, Dan T.

Customer:Job Cook, Brian:2nd story addition Pretell Real Estate:75 Sunset Rd.

Dec 9 to Dec 15, 2019 Service Item

Notes

Class

Installation

8:00

Framing

Totals

8:00

Total

Bill*

4:00

12:00

27:00

8:00

7:00

4:00

8:00

7:00

8:00

0:00

39:00

Signature

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 13

Timesheet Printed on: 12/15/2019 Name:

Miller, Dan T.

Customer:Job Pretell Real Estate:75 Sunset Rd. Pretell Real Estate:75 Sunset Rd.

Dec 16 to Dec 22, 2019 Service Item

Notes

Class

Framing

8:00

3:00

35:00

5:00

Installation

Totals

8:00

0:00

Total

40:00

Signature

! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Bill*

6. 14

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Name:

Exploring QuickBooks with Rock Castle Construction

Timesheet Printed on: 12/15/2019 Schneider, Gregg O.

Customer:Job Jacobsen, Doug:Kitchen Pretell Real Estate:75 Sunset Rd.

Service Item

Dec 9 to Dec 15, 2019 Notes

Class

Installation

6:00

Framing

Totals

6:00

Total

2:00

8:00

6:00

8:00

0:00

Signature

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Bill*

14:00

24:00

38:00

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Chapter 6 Employees and Payroll 6. 15

Timesheet Printed on: 12/15/2019

Name:

Schneider, Gregg O.

Customer:Job

Pretell Real Estate:75 Sunset Rd. Pretell Real Estate:75 Sunset Rd.

Service Item

Dec 16 to Dec 22, 2019 Notes

Class

Framing

8:00

Installation

8:00

Totals

8:00

0:00

Total

8:00

40:00

Signature

Computer Accounting with QuickBooks 2015 by Donna Kay

Bill*

32:00

©McGraw-Hill Education, 2016

6. 16

Exploring QuickBooks with Rock Castle Construction

EXERCISE 6.1 TASK 3 PAYCHECKS NOS. 10081 AND 10082

! ! ! ! ! ! !

Your Name Exercise 6.1 Rock Castle Construction 1735 County Road Bayshore, CA 94326

12/22/2019 **1,378.40

Dan Miller

One Thousand Three Hundred Seventy-Eight and 40/100************************************************************** Dan Miller 195 Spruce Ave, #202 Bayshore, CA 94326 Pay Period: 12/09/2019 - 12/22/2019

Employee Dan T. Miller, 195 Spruce Ave, #202, Bayshore, CA 94326 Earnings and Hours Salary

Qty

Rate

SSN Status (Fed/State) ***-**-5555 Married/Married (one income) Pay Period: 12/09/2019 - 12/22/2019 Current 1,596.15

YTD Amount 43,096.05

Taxes Federal Withholding Advance Earned Income Credit Social Security Employee Medicare Employee CA - Withholding CA - Disability Employee

Current -87.00 0.00 -98.97 -23.14 -8.64 0.00 -217.75

YTD Amount -2,991.00

Adjustments to Net Pay Health Insurance

Current 0.00

YTD Amount -600.00

1,378.40

35,269.11

YTD Used

Available 40:00 262:15

Net Pay Earned 40:00 6:45

Paid Time Off Sick Vacation

Allowances/Extra Fed-3/0/CA-3/0 Pay Date: 12/22/2019

-2,671.96 -624.89 -487.06 -452.03 -7,226.94

Your Name Exercise 6.1 Rock Castle Construction, 1735 County Road, Bayshore, CA 94326, Rock Castle Construction, Inc.

Employee Dan T. Miller, 195 Spruce Ave, #202, Bayshore, CA 94326 Earnings and Hours Salary

Qty

Rate

SSN Status (Fed/State) ***-**-5555 Married/Married (one income) Pay Period: 12/09/2019 - 12/22/2019 Current 1,596.15

YTD Amount 43,096.05

Taxes Federal Withholding Advance Earned Income Credit Social Security Employee Medicare Employee CA - Withholding CA - Disability Employee

Current -87.00 0.00 -98.97 -23.14 -8.64 0.00 -217.75

YTD Amount -2,991.00

Adjustments to Net Pay Health Insurance

Current 0.00

YTD Amount -600.00

1,378.40

35,269.11

YTD Used

Available 40:00 262:15

Net Pay Paid Time Off Sick Vacation

Earned 40:00 6:45

Allowances/Extra Fed-3/0/CA-3/0 Pay Date: 12/22/2019

-2,671.96 -624.89 -487.06 -452.03 -7,226.94

Your Name Exercise 6.1 Rock Castle Construction, 1735 County Road, Bayshore, CA 94326, Rock Castle Construction, Inc.

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Chapter 6 Employees and Payroll 6. 17

Your Name Exercise 6.1 Rock Castle Construction 1735 County Road Bayshore, CA 94326

! ! ! ! ! ! !

12/22/2019 **1,073.67

Gregg O. Schneider

One Thousand Seventy-Three and 67/100******************************************************************************* Gregg O. Schneider 331 Poplar Rd Bayshore, CA 94326 Pay Period: 12/09/2019 - 12/22/2019

Employee Gregg O. Schneider, 331 Poplar Rd, Bayshore, CA 94326 Earnings and Hours Regular Pay Overtime Rate

Hours 80:00

Rate 17.25

SSN Status (Fed/State) ***-**-6666 Single/Single Pay Period: 12/09/2019 - 12/22/2019 Current 1,380.00 0.00 1,380.00

YTD Amount 38,640.00 517.60 39,157.60

Taxes Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability Employee

Current -154.00 -85.56 -20.01 -34.26 0.00 -293.83

YTD Amount -4,794.00 -2,427.77 -567.79 -1,242.78 -396.01 -9,428.35

Adjustments to Net Pay Health Insurance

Current -12.50

YTD Amount -350.00

1,073.67

29,379.25

YTD Used

Available 40:00 186:30

80:00

Net Pay Earned 40:00 6:45

Paid Time Off Sick Vacation

Allowances/Extra Fed-1/0/CA-1/0 Pay Date: 12/22/2019

Your Name Exercise 6.1 Rock Castle Construction, 1735 County Road, Bayshore, CA 94326, Rock Castle Construction, Inc.

Employee Gregg O. Schneider, 331 Poplar Rd, Bayshore, CA 94326 Earnings and Hours Regular Pay Overtime Rate

Hours 80:00

Rate 17.25

SSN Status (Fed/State) ***-**-6666 Single/Single Pay Period: 12/09/2019 - 12/22/2019 Current 1,380.00 0.00 1,380.00

YTD Amount 38,640.00 517.60 39,157.60

Taxes Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability Employee

Current -154.00 -85.56 -20.01 -34.26 0.00 -293.83

YTD Amount -4,794.00 -2,427.77 -567.79 -1,242.78 -396.01 -9,428.35

Adjustments to Net Pay Health Insurance

Current -12.50

YTD Amount -350.00

1,073.67

29,379.25

YTD Used

Available 40:00 186:30

80:00

Net Pay Paid Time Off Sick Vacation

Earned 40:00 6:45

Allowances/Extra Fed-1/0/CA-1/0 Pay Date: 12/22/2019

Your Name Exercise 6.1 Rock Castle Construction, 1735 County Road, Bayshore, CA 94326, Rock Castle Construction, Inc.

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

6. 18

Exploring QuickBooks with Rock Castle Construction

EXERCISE 6.1 TASK 4 PAYROLL TRANSACTION DETAIL

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Your Name Exercise 6.1 Rock Castle Construction

Payroll Transaction Detail December 22, 2019

Date

Num

12/22/2019

10080

Type Paycheck

Source Name Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N. Mason, Elizabeth N.

Payroll Item Regular Pay Overtime Rate Sick Hourly Vacation Hourly Health Insurance CA - Employee Training Tax CA - Employee Training Tax Federal Withholding Social Security Company Social Security Company Social Security Employee Medicare Company Medicare Company Medicare Employee Federal Unemployment Federal Unemployment CA - Withholding CA - Disability Employee CA - Unemployment Company CA - Unemployment Company Workers Compensation Workers Compensation

Wage Base 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,180.00 1,180.00 1,180.00 1,180.00 1,180.00 1,180.00 1,180.00 0.00 0.00 1,180.00 1,180.00 0.00 0.00 1,180.00 1,180.00

Amount 1,180.00 0.00 0.00 0.00 0.00 0.00 0.00 -124.00 73.16 -73.16 -73.16 17.11 -17.11 -17.11 0.00 0.00 -22.41 0.00 0.00 0.00 121.18 -121.18 943.32

12/22/2019

10081

Paycheck

Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T. Miller, Dan T.

Salary Health Insurance CA - Employee Training Tax CA - Employee Training Tax Federal Withholding Advance Earned Income Credit Social Security Company Social Security Company Social Security Employee Medicare Company Medicare Company Medicare Employee Federal Unemployment Federal Unemployment CA - Withholding CA - Disability Employee CA - Unemployment Company CA - Unemployment Company Workers Compensation Workers Compensation

0.00 0.00 0.00 0.00 1,596.15 1,596.15 1,596.15 1,596.15 1,596.15 1,596.15 1,596.15 1,596.15 0.00 0.00 1,596.15 1,596.15 0.00 0.00 1,596.15 1,596.15

1,596.15 0.00 0.00 0.00 -87.00 0.00 98.97 -98.97 -98.97 23.14 -23.14 -23.14 0.00 0.00 -8.64 0.00 0.00 0.00 266.11 -266.11

12/22/2019

10082

Paycheck

Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O. Schneider, Gregg O.

Regular Pay Overtime Rate Sick Hourly Vacation Hourly Health Insurance CA - Employee Training Tax CA - Employee Training Tax Federal Withholding Social Security Company Social Security Company Social Security Employee Medicare Company Medicare Company Medicare Employee Federal Unemployment Federal Unemployment CA - Withholding CA - Disability Employee CA - Unemployment Company CA - Unemployment Company Workers Compensation Workers Compensation

0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,380.00 1,380.00 1,380.00 1,380.00 1,380.00 1,380.00 1,380.00 0.00 0.00 1,380.00 1,380.00 0.00 0.00 1,380.00 1,380.00

1,380.00 0.00 0.00 0.00 -12.50 0.00 0.00 -154.00 85.56 -85.56 -85.56 20.01 -20.01 -20.01 0.00 0.00 -34.26 0.00 0.00 0.00 13.11 -13.11

1,378.40

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

1,073.67 3,395.39

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 19

EXERCISE 6.2 TASK 2 CUSTOMER INVOICE NO. 1106

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Invoice

Your Name Exercise 6.2 Rock Castle Construction

1735 County Road Bayshore, CA 94326

DATE

INVOICE #

12/22/2019

1106

SHIP TO

BILL TO Doug Jacobsen 6845 Ocean View Bayshore, CA 94326

DESCRIPTION

Doug Jacobsen 6845 Ocean View Bayshore, CA 94326

TERMS

DUE DATE

PROJECT

Net 30

1/21/2020

Kitchen

QUANTITY

U/M

Removal labor Installation labor

Computer Accounting with QuickBooks 2015 by Donna Kay

RATE

16 28

AMOUNT 35.00 35.00

Subtotal Sales Tax (7.75%) Total

560.00 980.00

$1,540.00 $0.00 $1,540.00

Payments/Credits

$0.00

Balance Due

$1,540.00

©McGraw-Hill Education, 2016

6. 20

Exploring QuickBooks with Rock Castle Construction

EXERCISE 6.2 TASK 3 TIME BY JOB DETAIL

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 21

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

6. 22

Exploring QuickBooks with Rock Castle Construction

EXERCISE 6.3 TASK 2 PAYROLL LIABILITY REPORT

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Your Name Exercise 6.3 Rock Castle Construction

Payroll Liability Balances December 2019 BALANCE Payroll Liabilities Advance Earned Income Credit Federal Withholding Medicare Employee Social Security Employee Federal Unemployment Medicare Company Social Security Company CA - Withholding CA - Disability Employee CA - Unemployment Company CA - Employee Training Tax Health Insurance Workers Compensation

0.00 1,737.00 261.07 1,116.29 100.00 261.07 1,116.29 368.50 65.33 100.00 10.00 162.50 1,614.71

Total Payroll Liabilities

6,912.76

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 23

EXERCISE 6.3 TASK 2 PAYROLL LIABILITIES CHECK NOS. 10083-10085

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Your Name Exercise 6.3 Rock Castle Construction 1735 County Road Bayshore, CA 94326

12/15/2019 **543.83

Employment Development Department

Five Hundred Forty-Three and 83/100************************************************************************************ Employment Development Department P.O. Box 123456 Sacramento CA 94280 987-6543-2

Employment Development Department CA - Disability Employee CA - Employee Training Tax CA - Unemployment Company CA - Withholding

Checking

65.33 10.00 100.00 368.50

987-6543-2

Employment Development Department CA - Disability Employee CA - Employee Training Tax CA - Unemployment Company CA - Withholding

Checking

12/15/2019

987-6543-2

Computer Accounting with QuickBooks 2015 by Donna Kay

543.83

12/15/2019 65.33 10.00 100.00 368.50

543.83

©McGraw-Hill Education, 2016

6. 24

Exploring QuickBooks with Rock Castle Construction

Your Name Exercise 6.3 Rock Castle Construction 1735 County Road Bayshore, CA 94326

12/15/2019

Great Statewide Bank

**4,591.72

Four Thousand Five Hundred Ninety-One and 72/100****************************************************************** Great Statewide Bank P.O. Box 522 Bayshore CA 94326 00-7904153

Great Statewide Bank Advance Earned Income Credit Federal Unemployment Federal Withholding Medicare Company Medicare Employee Social Security Company Social Security Employee

Checking

100.00 1,737.00 261.07 261.07 1,116.29 1,116.29

00-7904153

Great Statewide Bank Advance Earned Income Credit Federal Unemployment Federal Withholding Medicare Company Medicare Employee Social Security Company Social Security Employee

Checking

12/15/2019

00-7904153

Computer Accounting with QuickBooks 2015 by Donna Kay

4,591.72

12/15/2019 100.00 1,737.00 261.07 261.07 1,116.29 1,116.29

4,591.72

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 25

Your Name Exercise 6.3 Rock Castle Construction 1735 County Road Bayshore, CA 94326

12/15/2019

State Fund

**1,614.71

One Thousand Six Hundred Fourteen and 71/100********************************************************************** State Fund

State Fund Workers Compensation

12/15/2019 1,614.71

Checking

State Fund Workers Compensation

Checking

Computer Accounting with QuickBooks 2015 by Donna Kay

1,614.71

12/15/2019 1,614.71

1,614.71

©McGraw-Hill Education, 2016

6. 26

Exploring QuickBooks with Rock Castle Construction

EXERCISE 6.3 TASK 3 PAYROLL TRANSACTIONS BY PAYEE

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Your Name Exercise 6.3 Rock Castle Construction

Payroll Transactions by Payee January through December 2019 Date

Name

Employment Development Department 02/07/2019 Employment Develo... 03/07/2019 Employment Develo... 04/07/2019 Employment Develo... 05/07/2019 Employment Develo... 06/07/2019 Employment Develo... 07/07/2019 Employment Develo... 08/07/2019 Employment Develo... 09/07/2019 Employment Develo... 10/07/2019 Employment Develo... 11/07/2019 Employment Develo... 12/07/2019 Employment Develo... 12/15/2019 Employment Develo...

Num

Type

Memo

255 275 295 311 329 348 367 384 410 444 487 10083

Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check

987-6543-2 987-6543-2 987-6543-2 987-6543-2 987-6543-2 987-6543-2 987-6543-2 987-6543-2 987-6543-2 987-6543-2 987-6543-2 987-6543-2

Total Employment Development Department Great Statewide Bank 02/07/2019 Great Statewide Bank 03/07/2019 Great Statewide Bank 04/07/2019 Great Statewide Bank 05/07/2019 Great Statewide Bank 06/07/2019 Great Statewide Bank 07/07/2019 Great Statewide Bank 08/07/2019 Great Statewide Bank 09/07/2019 Great Statewide Bank 10/07/2019 Great Statewide Bank 11/07/2019 Great Statewide Bank 12/07/2019 Great Statewide Bank 12/15/2019 Great Statewide Bank

256 276 296 312 330 349 368 385 411 445 488 10084

Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check

00-7904153 00-7904153 00-7904153 00-7904153 00-7904153 00-7904153 00-7904153 00-7904153 00-7904153 00-7904153 00-7904153 00-7904153

State Fund State Fund State Fund State Fund State Fund State Fund State Fund State Fund State Fund State Fund State Fund State Fund

-2,159.71 -2,176.07 -2,158.30 -2,151.88 -2,152.44 -3,137.66 -2,126.42 -2,142.86 -2,091.78 -2,126.50 -2,142.78 -4,591.72 -29,158.12

257 277 297 313 331 350 369 386 412 446 489

Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check

786-35 786-35 786-35 786-35 786-35 786-35 786-35 786-35 786-35 786-35 786-35

10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking

Total Sergeant Insurance State Fund 02/07/2019 03/07/2019 04/07/2019 05/07/2019 06/07/2019 07/07/2019 08/07/2019 09/07/2019 10/07/2019 11/07/2019 12/07/2019 12/15/2019

-513.36 -517.37 -727.81 -460.91 -359.20 -424.67 -291.01 -294.99 -283.11 -291.04 -294.98 -543.83 -5,002.28

Total Great Statewide Bank Sergeant Insurance 02/07/2019 Sergeant Insurance 03/07/2019 Sergeant Insurance 04/07/2019 Sergeant Insurance 05/07/2019 Sergeant Insurance 06/07/2019 Sergeant Insurance 07/07/2019 Sergeant Insurance 08/07/2019 Sergeant Insurance 09/07/2019 Sergeant Insurance 10/07/2019 Sergeant Insurance 11/07/2019 Sergeant Insurance 12/07/2019 Sergeant Insurance

Amount

-125.00 -125.00 -125.00 -125.00 -125.00 -187.50 -125.00 -125.00 -125.00 -125.00 -75.00 -1,387.50

258 278 298 314 332 351 370 387 413 447 490 10085

Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check Liability Check

Total State Fund

Computer Accounting with QuickBooks 2015 by Donna Kay

-804.16 -805.83 -800.80 -804.16 -805.83 -1,201.20 -804.16 -805.83 -800.80 -804.16 -805.83 -1,614.71 -10,857.47

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 27

Your Name Exercise 6.3 Rock Castle Construction

Payroll Transactions by Payee January through December 2019 Date

Name

Mason, Elizabeth N. 01/13/2019 Mason, Elizabeth N. 01/15/2019 Mason, Elizabeth N. 02/10/2019 Mason, Elizabeth N. 02/24/2019 Mason, Elizabeth N. 03/10/2019 Mason, Elizabeth N. 03/24/2019 Mason, Elizabeth N. 04/07/2019 Mason, Elizabeth N. 04/21/2019 Mason, Elizabeth N. 05/05/2019 Mason, Elizabeth N. 05/19/2019 Mason, Elizabeth N. 06/02/2019 Mason, Elizabeth N. 06/16/2019 Mason, Elizabeth N. 06/30/2019 Mason, Elizabeth N. 07/14/2019 Mason, Elizabeth N. 07/28/2019 Mason, Elizabeth N. 08/11/2019 Mason, Elizabeth N. 08/25/2019 Mason, Elizabeth N. 09/08/2019 Mason, Elizabeth N. 09/22/2019 Mason, Elizabeth N. 10/06/2019 Mason, Elizabeth N. 10/20/2019 Mason, Elizabeth N. 11/03/2019 Mason, Elizabeth N. 11/17/2019 Mason, Elizabeth N. 12/01/2019 Mason, Elizabeth N. 12/15/2019 Mason, Elizabeth N. 12/15/2019 Mason, Elizabeth N. 12/22/2019 Mason, Elizabeth N.

Num 10002 10004 10008 10011 10014 10017 10020 10023 10026 10029 10032 10035 10038 10041 10044 10047 10050 10053 10056 10059 10062 10065 10068 10071 10074 10077 10080

Type Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck

Memo

Account 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking

Total Mason, Elizabeth N. Miller, Dan T. 01/13/2019 01/27/2019 02/10/2019 02/24/2019 03/10/2019 03/24/2019 04/07/2019 04/21/2019 05/05/2019 05/19/2019 06/02/2019 06/16/2019 06/30/2019 07/14/2019 07/28/2019 08/11/2019 08/25/2019 09/08/2019 09/22/2019 10/06/2019 10/20/2019 11/03/2019 11/17/2019 12/01/2019 12/15/2019 12/15/2019 12/22/2019

Amount -890.57 -921.28 -890.56 -937.11 -890.57 -890.56 -890.57 -921.26 -890.57 -937.11 -890.56 -890.57 -890.56 -890.57 -921.28 -890.57 -937.11 -890.56 -890.57 -890.56 -921.25 -890.57 -962.13 -890.57 -907.92 -932.92 -943.32 -24,491.75

10001 10005 10007 10010 10013 10016 10019 10022 10025 10028 10031 10034 10037 10040 10043 10046 10049 10052 10055 10058 10061 10064 10067 10070 10073 10076 10081

Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck

Total Miller, Dan T.

Computer Accounting with QuickBooks 2015 by Donna Kay

10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking 10100 · Checking

-1,299.61 -1,299.60 -1,299.59 -1,299.60 -1,299.61 -1,299.58 -1,299.61 -1,299.60 -1,299.59 -1,299.59 -1,299.61 -1,299.60 -1,299.60 -1,299.60 -1,299.61 -1,299.60 -1,299.59 -1,299.60 -1,299.60 -1,299.60 -1,299.61 -1,299.60 -1,324.61 -1,325.15 -1,299.60 -1,350.15 -1,378.40 -35,269.11

©McGraw-Hill Education, 2016

6. 28

Exploring QuickBooks with Rock Castle Construction

Your Name Exercise 6.3 Rock Castle Construction

Payroll Transactions by Payee January through December 2019 Date

Name

Schneider, Gregg O. 01/13/2019 Schneider, Gregg O. 01/27/2019 Schneider, Gregg O. 02/10/2019 Schneider, Gregg O. 02/24/2019 Schneider, Gregg O. 03/10/2019 Schneider, Gregg O. 03/24/2019 Schneider, Gregg O. 04/07/2019 Schneider, Gregg O. 04/21/2019 Schneider, Gregg O. 05/05/2019 Schneider, Gregg O. 05/19/2019 Schneider, Gregg O. 06/02/2019 Schneider, Gregg O. 06/16/2019 Schneider, Gregg O. 06/30/2019 Schneider, Gregg O. 07/14/2019 Schneider, Gregg O. 07/28/2019 Schneider, Gregg O. 08/11/2019 Schneider, Gregg O. 08/25/2019 Schneider, Gregg O. 09/08/2019 Schneider, Gregg O. 09/22/2019 Schneider, Gregg O. 10/06/2019 Schneider, Gregg O. 10/20/2019 Schneider, Gregg O. 11/03/2019 Schneider, Gregg O. 11/17/2019 Schneider, Gregg O. 12/01/2019 Schneider, Gregg O. 12/15/2019 Schneider, Gregg O. 12/15/2019 Schneider, Gregg O. 12/15/2019 Schneider, Gregg O. 12/22/2019 Schneider, Gregg O.

Num 10003 10006 10009 10012 10015 10018 10021 10024 10027 10030 10033 10036 10039 10042 10045 10048 10051 10054 10057 10060 10063 10066 10069 10072 10075 10078 10079 10082

Total Schneider, Gregg O. TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

Memo

Amount -1,033.99 -1,064.04 -1,033.98 -1,079.56 -1,033.99 -1,033.98 -1,033.99 -1,064.03 -1,033.99 -1,079.56 -1,033.98 -1,033.99 -1,033.98 -1,033.99 -1,064.05 -1,033.99 -1,079.55 -1,033.98 -1,033.99 -1,033.98 -1,064.03 -1,033.99 -1,108.76 -1,033.99 -1,033.98 -1,062.12 -1,062.12 -1,073.67 -29,379.25 -135,545.48

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 29

EXERCISE 6.4 QUICKBOOKS PAYROLL SERVICE PRINTOUTS

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

6. 30

Exploring QuickBooks with Rock Castle Construction

EXERCISE 6.4 QUICKBOOKS PAYROLL RECOMMENDATION To: Mr. Castle From: Your Name Subject: QuickBooks Payroll Services Mr. Castle, I have completed the research you requested about our options for payroll with QuickBooks. I feel that our best choice is the Enhanced Payroll. This program is the mid priced product and offers many benefits. For example, with Enhanced Payroll, we will be able to save a lot of time because it automatically calculates payroll earnings, taxes, and deductions. Also, it includes all of the tax forms we need already filled out. Thus, all you will have to do is print and sign them. Other great benefits include the option for direct deposit for employees, e-pay for payroll taxes, and plenty of support, if needed, from QuickBooks. I think this is a great option for Rock Castle Construction. Please let me know if you need any additional information and how you would like to proceed.

Best regards, YourName

! ! ! ! ! ! ! ! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 31

EXERCISE 6.5 IRS FORMS 940 AND 941

941 for 2014: Employer’s QUARTERLY Federal Tax Return

Form (Rev. January 2014)

950114 OMB No. 1545-0029

Department of the Treasury — Internal Revenue Service

Report for this Quarter of 2014

—

Employer identification number (EIN)

(Check one.)

1: January, February, March

Name (not your trade name)

2: April, May, June

Trade name (if any)

3: July, August, September 4: October, November, December

Address Number

Street

Suite or room number

City

State

Foreign country name

Instructions and prior year forms are available at www.irs.gov/form941.

ZIP code

Foreign postal code

Foreign province/county

Read the separate instructions before you complete Form 941. Type or print within the boxes.

Part 1: 1

Answer these questions for this quarter.

Number of employees who received wages, tips, or other compensation for the pay period including: Mar. 12 (Quarter 1), June 12 (Quarter 2), Sept. 12 (Quarter 3), or Dec. 12 (Quarter 4)

Wages, tips, and other compensation

Federal income tax withheld from wages, tips, and other compensation .

If no wages, tips, and other compensation are subject to social security or Medicare tax

Taxable social security wages .

Column 1

Column 2

. . . .

× .124 =

Taxable social security tips .

Taxable Medicare wages & tips.

Taxable wages & tips subject to Additional Medicare Tax withholding

Add Column 2 from lines 5a, 5b, 5c, and 5d

Section 3121(q) Notice and Demand—Tax due on unreported tips (see instructions)

Total taxes before adjustments. Add lines 3, 5e, and 5f .

Current quarter’s adjustment for fractions of cents .

Current quarter’s adjustment for sick pay .

Current quarter’s adjustments for tips and group-term life insurance

Total taxes after adjustments. Combine lines 6 through 9

× .124 = × .029 = × .009 =

Check and go to line 6.

. . . .

Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, 944-X (PR), or 944-X (SP) filed in the current quarter . . . . . . . . . . . . . . . . . . . . . . .

Balance due. If line 10 is more than line 11, enter the difference and see instructions

Overpayment. If line 11 is more than line 10, enter the difference

. .

Check one:

. . . . . . . . . Apply to next return.

Next Na

a You MUST complete both pages of Form 941 and SIGN it.

For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher.

Computer Accounting with QuickBooks 2015 by Donna Kay

Send a refund.

Cat. No. 17001Z

Form 941 (Rev. 1-2014)

©McGraw-Hill Education, 2016

6. 32

Exploring QuickBooks with Rock Castle Construction

950214 Name (not your trade name)

Part 2:

Employer identification number (EIN)

Tell us about your deposit schedule and tax liability for this quarter.

If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see Pub. 15 (Circular E), section 11. 14 Check one:

Line 10 on this return is less than $2,500 or line 10 on the return for the prior quarter was less than $2,500, and you did not incur a $100,000 next-day deposit obligation during the current quarter. If line 10 for the prior quarter was less than $2,500 but line 10 on this return is $100,000 or more, you must provide a record of your federal tax liability. If you are a monthly schedule depositor, complete the deposit schedule below; if you are a semiweekly schedule depositor, attach Schedule B (Form 941). Go to Part 3.

You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability for the quarter, then go to Part 3. Tax liability:

. . . .

Month 1 Month 2 Month 3

Total liability for quarter

Total must equal line 10.

You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941.

Part 3:

Tell us about your business. If a question does NOT apply to your business, leave it blank.

15 If your business has closed or you stopped paying wages .

Check here, and

16 If you are a seasonal employer and you do not have to file a return for every quarter of the year

Check here.

enter the final date you paid wages

Part 4:

May we speak with your third-party designee?

Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details.

Yes. Designee’s name and phone number Select a 5-digit Personal Identification Number (PIN) to use when talking to the IRS. No.

Part 5:

Sign here. You MUST complete both pages of Form 941 and SIGN it.

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Print your name here

Sign your name here

Date

Print your title here /

Best daytime phone

Paid Preparer Use Only

Check if you are self-employed

Preparer’s name

PTIN

Preparer’s signature

Date

Firm’s name (or yours if self-employed)

EIN

Address

Phone

City Page 2

Computer Accounting with QuickBooks 2015 by Donna Kay

State

ZIP code Form 941 (Rev. 1-2014)

©McGraw-Hill Education, 2016

! !

Chapter 6 Employees and Payroll 6. 33

941 for 2014: Employer’s QUARTERLY Federal Tax Return

Form (Rev. January 2014)

Report for this Quarter of 2014

—

Employer identification number (EIN)

(Check one.)

1: January, February, March

Name (not your trade name)

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

950114 OMB No. 1545-0029

Department of the Treasury — Internal Revenue Service

2: April, May, June

Trade name (if any)

3: July, August, September 4: October, November, December

Address Number

Street

Suite or room number

City

State

Foreign country name

Instructions and prior year forms are available at www.irs.gov/form941.

ZIP code

Foreign postal code

Foreign province/county

Read the separate instructions before you complete Form 941. Type or print within the boxes.

Part 1: 1

Answer these questions for this quarter.

Number of employees who received wages, tips, or other compensation for the pay period including: Mar. 12 (Quarter 1), June 12 (Quarter 2), Sept. 12 (Quarter 3), or Dec. 12 (Quarter 4)

Wages, tips, and other compensation

Federal income tax withheld from wages, tips, and other compensation .

If no wages, tips, and other compensation are subject to social security or Medicare tax

Column 1

Column 2

. . . .

Taxable social security wages .

Taxable social security tips .

Taxable Medicare wages & tips.

Taxable wages & tips subject to Additional Medicare Tax withholding

Add Column 2 from lines 5a, 5b, 5c, and 5d

Section 3121(q) Notice and Demand—Tax due on unreported tips (see instructions)

Total taxes before adjustments. Add lines 3, 5e, and 5f .

Current quarter’s adjustment for fractions of cents .

Current quarter’s adjustment for sick pay .

Current quarter’s adjustments for tips and group-term life insurance

Total taxes after adjustments. Combine lines 6 through 9

× .124 = × .124 = × .029 = × .009 =

Check and go to line 6.

. . . .

Balance due. If line 10 is more than line 11, enter the difference and see instructions

Overpayment. If line 11 is more than line 10, enter the difference

. .

Check one:

. . . . . . . . . Apply to next return.

Next Na

a You MUST complete both pages of Form 941 and SIGN it.

For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher.

Computer Accounting with QuickBooks 2015 by Donna Kay

Send a refund.

Cat. No. 17001Z

Form 941 (Rev. 1-2014)

©McGraw-Hill Education, 2016

6. 34

Exploring QuickBooks with Rock Castle Construction 950214

Name (not your trade name)

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Part 2:

Employer identification number (EIN)

Tell us about your deposit schedule and tax liability for this quarter.

If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see Pub. 15 (Circular E), section 11. 14 Check one:

You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability for the quarter, then go to Part 3. Tax liability:

. . . .

Month 1 Month 2 Month 3

Total liability for quarter

Total must equal line 10.

You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941.

Part 3:

Tell us about your business. If a question does NOT apply to your business, leave it blank.

15 If your business has closed or you stopped paying wages .

Check here, and

16 If you are a seasonal employer and you do not have to file a return for every quarter of the year

Check here.

enter the final date you paid wages

Part 4:

May we speak with your third-party designee?

Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details.

Part 5:

Yes. Designee’s name and phone number Select a 5-digit Personal Identification Number (PIN) to use when talking to the IRS. No.

Sign here. You MUST complete both pages of Form 941 and SIGN it.

Print your name here

Sign your name here

Date

Print your title here /

Best daytime phone

Paid Preparer Use Only

Check if you are self-employed

Preparer’s name

PTIN

Preparer’s signature

Date

Firm’s name (or yours if self-employed)

EIN

Address

Phone

City Page 2

Computer Accounting with QuickBooks 2015 by Donna Kay

State

ZIP code Form 941 (Rev. 1-2014)

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 35

EXERCISE 6.6 IRS EMPLOYEE STATUS AND INDEPENDENT CONTRACTOR

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

6. 36

Exploring QuickBooks with Rock Castle Construction

PROJECT 6 PAYROLL SUMMARY

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 6 Employees and Payroll 6. 37

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

6. 38

Exploring QuickBooks with Rock Castle Construction

! PROJECT 6 JOURNAL

! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

CHAPTER 7!

! ! !

REPORTS AND ! GRAPHS

INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

7. 2

Exploring QuickBooks with Rock Castle Construction

CHAPTER 7 QUICK CHECK

CHAPTER 7 £ * Trial Balance £ * Journal £ * Adjusted Trial Balance £ * General Ledger £ * Profit & Loss £ Income and Expense Graph £ * Balance Sheet £ * Statement of Cash Flows £ * Income Tax Preparation Report £ * Cash Flow Forecast EXERCISE 7.1 £ * Task 2: Profit & Loss Vertical Analysis EXERCISE 7.2 £ * Task 2: Balance Sheet Vertical Analysis EXERCISE 7.3 £ * Task 2: General Ledger Account £ Task 3: Ratios EXERCISE 7.4 £ Year-End Guide EXERCISE 7.5 £ TurboTax Recommendation EXERCISE 7.6 £ Statements of Operations for Intuit, Inc.

PROJECT 7 QUICK CHECK PROJECT 7 * Trial Balance * Adjusting Journal Entries * Adjusted Trial Balance * Profit & Loss * Profit & Loss Detail * Balance Sheet * Balance Sheet Vertical Analysis £ * General Ledger £ £ £ £ £ £ £

! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 3

CHAPTER 7 TRIAL BALANCE

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 4

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 5

CHAPTER 7 JOURNAL

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Your Name Chapter 7 Rock Castle Construction

Journal December 23 - 31, 2019 Trans # 1798

Type Bill Pmt -Check

Date 12/23/2019

Num

Adj

520

Name

Memo

Account

Kolbe Window & Door Kolbe Window & Door

10100 · Checking 20000 · Accounts Pay...

Patton Hardware Sup... Patton Hardware Sup...

10100 · Checking 20000 · Accounts Pay...

Wheeler's Tile Etc. Wheeler's Tile Etc.

20000 · Accounts Pay... 54300 · Job Materials

Debit

Credit 260.00 260.00 260.00

1799

Bill Pmt -Check

12/23/2019

521

36.00 36.00 36.00

1800

Bill

12/23/2019

Decking lumbe...

Bill

12/24/2019

Bayshore Water Bayshore Water

20000 · Accounts Pay... 65130 · Water

712.80

Sales Tax Payment

12/31/2019

522

City of East Bayshore City of East Bayshore

10100 · Checking 25500 · Sales Tax Pa...

36.00

Sales Tax Payment

12/31/2019

523

State Board of Equali... State Board of Equali...

ABCD 11-2345... ABCD 11-2345...

10100 · Checking 25500 · Sales Tax Pa...

0.29

Bill

12/27/2019

Joseph's Closets Joseph's Closets

-MULTIPLE-

20000 · Accounts Pay... 12100 · Inventory Asset

975.95

Bill Pmt -Check

12/28/2019

524

204.00

Joseph's Closets Joseph's Closets

10100 · Checking 20000 · Accounts Pay...

Invoice

12/27/2019

1104

Beneficiio, Katrina:Clo... Beneficiio, Katrina:Clo... Beneficiio, Katrina:Clo... Beneficiio, Katrina:Clo... Beneficiio, Katrina:Clo... State Board of Equali...

11000 · Accounts Rec... 40140 · Materials Inco... 12100 · Inventory Asset 50100 · Cost of Good... 40130 · Labor Income 25500 · Sales Tax Pa...

183.66

12000 · Undeposited ... 11000 · Accounts Rec...

183.66

-MULTIPLE-MULTIPLE-MULTIPLEInstallation labor CA sales tax, S...

204.00

Payment

12/27/2019

625

Beneficiio, Katrina:Clo... Beneficiio, Katrina:Clo...

73.00 52.00 105.00 5.66

Deposit

12/29/2019 Beneficiio, Katrina:Clo...

Deposit Deposit

10100 · Checking 12000 · Undeposited ...

Bill

12/24/2019

183.66

Cal Gas & Electric Cal Gas & Electric

20000 · Accounts Pay... 65110 · Gas and Elec...

Bill

12/24/2019

Cal Telephone Cal Telephone

20000 · Accounts Pay... 65120 · Telephone

87.00

Bill Pmt -Check

12/28/2019

525

Cal Gas & Electric Cal Gas & Electric

10100 · Checking 20000 · Accounts Pay...

Cal Telephone Cal Telephone

10100 · Checking 20000 · Accounts Pay...

Teschner, Anton:Sun ... Teschner, Anton:Sun ... State Board of Equali...

7,480.00

-MULTIPLECA sales tax, S...

11000 · Accounts Rec... 40130 · Labor Income 25500 · Sales Tax Pa...

Record 2019 D... Record 2019 D...

60900 · Depreciation ... 17000 · Accumulated ...

3,000.00

54.00

Bill Pmt -Check

12/28/2019

526

87.00

Invoice

12/27/2019

1105

54.00

General Journal

12/31/2019

ADJ2019.1

* *

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

54.00 7,480.00

0.00 7,480.00

1822

87.00 54.00

54.00 1814

54.00 87.00

87.00 1813

87.00 54.00

54.00 1812

183.66

87.00 87.00

1811

183.66

183.66 183.66

1810

235.66 183.66

183.66 1809

204.00

52.00

235.66 1808

204.00 204.00

204.00 1807

975.95 204.00

204.00 1806

0.29 975.95

975.95 1805

36.00

0.29 0.29

1803

712.80

36.00 36.00

1802

36.00 712.80

712.80 1801

260.00

7,480.00 3,000.00

3,000.00

13,794.02

©McGraw-Hill Education, 2016

7. 6

Exploring QuickBooks with Rock Castle Construction

CHAPTER 7 ADJUSTED TRIAL BALANCE

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 7

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 8

Exploring QuickBooks with Rock Castle Construction

CHAPTER 7 GENERAL LEDGER

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Your Name Chapter 7 Rock Castle Construction

General Ledger As of December 31, 2019

Accrual Basis Type 10100 · Checking Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Deposit Deposit Deposit Deposit Paycheck Paycheck Paycheck Liability Check Liability Check Liability Check Liability Check Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Transfer Deposit Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Sales Receipt Deposit Bill Pmt -Check Check Sales Tax Payment Bill Pmt -Check Paycheck Paycheck Paycheck Payment Check Deposit Check Check Check Sales Receipt Sales Receipt Bill Pmt -Check Sales Receipt Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Deposit Bill Pmt -Check Bill Pmt -Check Check Check Check Check Check Paycheck Paycheck Paycheck Deposit Payment Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Liability Check Liability Check Liability Check Liability Check Deposit Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Check Check Check Check Sales Tax Payment Check Bill Pmt -Check Paycheck Paycheck Paycheck Check Check Bill Pmt -Check Deposit Check Check Deposit Deposit Deposit

Date 10/01/2019 10/01/2019 10/01/2019 10/01/2019 10/01/2019 10/01/2019 10/01/2019 10/06/2019 10/06/2019 10/06/2019 10/07/2019 10/07/2019 10/07/2019 10/07/2019 10/13/2019 10/13/2019 10/13/2019 10/13/2019 10/14/2019 10/14/2019 10/15/2019 10/15/2019 10/15/2019 10/15/2019 10/15/2019 10/15/2019 10/15/2019 10/15/2019 10/17/2019 10/20/2019 10/20/2019 10/20/2019 10/21/2019 10/22/2019 10/22/2019 10/22/2019 10/25/2019 10/25/2019 10/25/2019 10/27/2019 10/29/2019 10/30/2019 10/31/2019 10/31/2019 10/31/2019 10/31/2019 10/31/2019 10/31/2019 10/31/2019 10/31/2019 10/31/2019 11/01/2019 11/01/2019 11/03/2019 11/03/2019 11/03/2019 11/04/2019 11/05/2019 11/07/2019 11/07/2019 11/07/2019 11/07/2019 11/07/2019 11/07/2019 11/07/2019 11/07/2019 11/11/2019 11/12/2019 11/14/2019 11/14/2019 11/14/2019 11/14/2019 11/14/2019 11/15/2019 11/15/2019 11/15/2019 11/15/2019 11/15/2019 11/16/2019 11/17/2019 11/17/2019 11/17/2019 11/17/2019 11/19/2019 11/20/2019 11/21/2019 11/21/2019 11/22/2019 11/25/2019 11/25/2019 11/25/2019 11/25/2019

Num 407 408 409

Adj

Name

Memo

Split

McClain Appliances Timberloft Lumber Washuta & Son Pain...

85-93117 1890-76 123-78 Deposit Deposit VOID: Deposit Deposit

-SPLIT20000 · Accou... 20000 · Accou... 12000 · Undep... 12000 · Undep... -SPLIT12000 · Undep... -SPLIT-SPLIT-SPLIT-SPLIT-SPLIT24100 · Emp. ... 24080 · Worker... 54400 · Permit... 20000 · Accou... 20000 · Accou... 20000 · Accou... 10300 · Savings 12000 · Undep... 20000 · Accou... 20000 · Accou... 20000 · Accou... -SPLIT-SPLIT20000 · Accou... 20600 · CalOil ... 25500 · Sales ... 20000 · Accou... -SPLIT-SPLIT-SPLIT11000 · Accou... 63100 · Postage 12000 · Undep... -SPLIT65110 · Gas an... -SPLIT-SPLIT-SPLIT20000 · Accou... -SPLIT20000 · Accou... 20000 · Accou... 20000 · Accou... -SPLIT20000 · Accou... 20000 · Accou... 60130 · Repair... 65130 · Water -SPLIT64220 · Compu... 54300 · Job Ma... -SPLIT-SPLIT-SPLIT12000 · Undep... 11000 · Accou... 20000 · Accou... 20000 · Accou... -SPLIT20000 · Accou... -SPLIT-SPLIT24100 · Emp. ... 24080 · Worker... 12000 · Undep... 54300 · Job Ma... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... -SPLIT54300 · Job Ma... 20500 · QuickB... 20600 · CalOil ... -SPLIT60600 · Bank S... 20000 · Accou... -SPLIT-SPLIT-SPLIT54400 · Permit... 60600 · Bank S... 20000 · Accou... 12000 · Undep... -SPLIT65110 · Gas an... -SPLIT12000 · Undep... 12000 · Undep...

10058 10059 10060 410 411 412 413 414 415 416 417

Miller, Dan T. Mason, Elizabeth N. Schneider, Gregg O. Employment Develo... Great Statewide Bank Sergeant Insurance State Fund City of Middlefield Cal Telephone Cal Telephone East Bayshore Auto ...

418 419 420 3003

Hamlin Metal Keswick Insulation Sloan Roofing Natiello, Ernesto:Kitc...

421 422 423 424 10061 10062 10063 548 425

Keswick Insulation CalOil Company State Board of Equal... Sergeant Insurance Miller, Dan T. Mason, Elizabeth N. Schneider, Gregg O. Cook, Brian:Kitchen Express Delivery Ser...

987-6543-2 00-7904153 786-35 415-555-9876... 415-555-9876... Monthly Truck... Funds Transfer Deposit VOID: Opening Bala... Deposit

426 427 428 3004 3005 429 3006 430 431 432

Bank of Anycity Cal Gas & Electric Cal Telephone Abercrombie, Kristy:... Ecker Designs:Office... McClain Appliances Abercrombie, Kristy:... Wheeler's Tile Etc. C.U. Electric Lew Plumbing

433 434 435 436 437 438 439 10064 10065 10066

Sergeant Insurance Vu Contracting Dianne's Auto Shop Bayshore Water Bank of Anycity Kershaw Computer ... Thomas Kitchen & B... Miller, Dan T. Mason, Elizabeth N. Schneider, Gregg O.

440 441 442 443 444 445 446 447

Pretell Real Estate:1... C.U. Electric Lew Plumbing McClain Appliances Middlefield Drywall Employment Develo... Great Statewide Bank Sergeant Insurance State Fund

ABCD 11-234... VOID: 786-35

Deposit Accnt#4467-9... Acct #560-826... Acct #415-555... 85-93117 H-18756 5-487 Deposit Quarterly Pre... Monthly Vechii... Monthly Water... Pmt# 22 VOID: VOID:

Deposit 5-487 85-93117 ROCK-0921 987-6543-2 00-7904153 786-35 Deposit 448 449 450 451 452 453 454 455 456 457 458 DRAFT 459 10067 10068 10069 460

Patton Hardware Su... McClain Appliances C.U. Electric Larson Flooring Middlefield Drywall East Bayshore Auto ... Sergeant Insurance Patton Hardware Su... QuickBooks MasterC... CalOil Company State Board of Equal... Wheeler's Tile Etc. Miller, Dan T. Mason, Elizabeth N. Schneider, Gregg O. City of Bayshore

461

Timberloft Lumber

462 463

Bank of Anycity Cal Gas & Electric

85-93117 ROCK-0921 Monthly Truck...

ABCD 11-234... Service Charge VOID: H-18756

Service Charge 1890-76 Deposit Accnt#4467-9... Acct #560-826... VOID: Deposit Deposit Deposit

Computer Accounting with QuickBooks 2015 by Donna Kay

Debit

Credit

Balance

446.39 638.00 597.00 1,500.00 2,000.00 0.00 2,000.00 1,299.60 890.56 1,033.98 283.11 2,091.78 125.00 800.80 300.00 49.43 68.35 532.97 15,000.00 5,700.00 239.00 670.00 500.00 717.50 7,579.48 150.00 6,534.28 343.09 0.00 1,299.61 921.25 1,064.03 2,400.00 35.00 2,200.00 244.13 56.87 92.94 1,067.88 437.50 1,780.00 743.75 1,400.00 250.00 400.00 26,835.89 712.56 1,325.00 212.00 24.00 2,710.90 0.00 0.00 1,299.60 890.57 1,033.99 3,500.00 4,948.00 250.00 180.00 3,813.60 400.00 291.04 2,126.50 125.00 804.16 1,224.39 48.10 800.00 440.00 3,200.00 850.00 532.97 675.00 489.23 1,050.00 48.28 1,983.01 12.50 0.00 1,324.61 962.13 1,108.76 225.00 10.00 1,940.40 5,912.93 244.13 97.53 0.00 10,000.00 2,580.00

38,250.95 37,804.56 37,166.56 36,569.56 38,069.56 40,069.56 40,069.56 42,069.56 40,769.96 39,879.40 38,845.42 38,562.31 36,470.53 36,345.53 35,544.73 35,244.73 35,195.30 35,126.95 34,593.98 49,593.98 55,293.98 55,054.98 54,384.98 53,884.98 54,602.48 62,181.96 62,031.96 55,497.68 55,154.59 55,154.59 53,854.98 52,933.73 51,869.70 54,269.70 54,234.70 56,434.70 56,190.57 56,133.70 56,040.76 57,108.64 57,546.14 55,766.14 56,509.89 55,109.89 54,859.89 54,459.89 81,295.78 80,583.22 79,258.22 79,046.22 79,022.22 76,311.32 76,311.32 76,311.32 75,011.72 74,121.15 73,087.16 76,587.16 81,535.16 81,285.16 81,105.16 77,291.56 76,891.56 76,600.52 74,474.02 74,349.02 73,544.86 74,769.25 74,721.15 73,921.15 73,481.15 70,281.15 69,431.15 68,898.18 68,223.18 67,733.95 66,683.95 66,635.67 64,652.66 64,640.16 64,640.16 63,315.55 62,353.42 61,244.66 61,019.66 61,009.66 59,069.26 64,982.19 64,738.06 64,640.53 64,640.53 74,640.53 77,220.53

©McGraw-Hill Education, 2016

! ! ! ! ! ! !

Chapter 7 Reports and Graphs 7. 9 Your Name Chapter 7 Rock Castle Construction

General Ledger As of December 31, 2019

Accrual Basis Type

Date

Deposit Transfer Deposit Deposit Payment Deposit Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Sales Receipt Check Bill Pmt -Check Payment Bill Pmt -Check Check Check Check Bill Pmt -Check Check Paycheck Paycheck Paycheck Deposit Check Payment Transfer Payment Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Liability Check Liability Check Liability Check Liability Check Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Deposit Sales Receipt Bill Pmt -Check Deposit Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Deposit Bill Pmt -Check Transfer Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Payment Payment Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Check Sales Tax Payment Deposit Check Deposit Check Check Liability Check Liability Check Liability Check Deposit Check Deposit

11/25/2019 11/25/2019 11/25/2019 11/25/2019 11/25/2019 11/25/2019 11/28/2019 11/28/2019 11/28/2019 11/28/2019 11/28/2019 11/28/2019 11/28/2019 11/29/2019 11/30/2019 11/30/2019 11/30/2019 11/30/2019 11/30/2019 11/30/2019 12/01/2019 12/01/2019 12/01/2019 12/01/2019 12/01/2019 12/01/2019 12/02/2019 12/02/2019 12/03/2019 12/05/2019 12/05/2019 12/05/2019 12/05/2019 12/05/2019 12/05/2019 12/05/2019 12/05/2019 12/05/2019 12/07/2019 12/07/2019 12/07/2019 12/07/2019 12/08/2019 12/08/2019 12/10/2019 12/10/2019 12/10/2019 12/10/2019 12/10/2019 12/10/2019 12/11/2019 12/12/2019 12/12/2019 12/12/2019 12/12/2019 12/14/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/17/2019 12/20/2019 12/20/2019

Num

Adj

Name

Memo

Split

Deposit Funds Transfer Deposit Deposit

-SPLIT10300 · Savings 12000 · Undep... 12000 · Undep... 11000 · Accou... 12000 · Undep... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... -SPLIT65130 · Water 20000 · Accou... 11000 · Accou... 20000 · Accou... 60130 · Repair... -SPLIT11000 · Accou... 20000 · Accou... 12800 · Emplo... -SPLIT-SPLIT-SPLIT-SPLIT20600 · CalOil ... 11000 · Accou... 10300 · Savings 11000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... -SPLIT-SPLIT24100 · Emp. ... 24080 · Worker... 54400 · Permit... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 12000 · Undep... -SPLIT20000 · Accou... -SPLIT20000 · Accou... 20000 · Accou... 20000 · Accou... -SPLIT20000 · Accou... 10300 · Savings 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 11000 · Accou... 11000 · Accou... -SPLIT-SPLIT-SPLIT-SPLIT-SPLIT-SPLIT-SPLIT54500 · Subco... -SPLIT30100 · Capital... 64220 · Compu... 30100 · Capital... 54520 · Freight... 60410 · Adverti... -SPLIT-SPLIT24080 · Worker... -SPLIT60600 · Bank S... 12000 · Undep...

Cook, Brian:Kitchen Deposit 464 465 466 467 468 469 470 3007 471 472 41077 473 474 475 476 477 478 10070 10071 10072

Hopkins Constructio... Keswick Insulation McClain Appliances Lew Plumbing Timberloft Lumber Sloan Roofing Washuta & Son Pain... Ecker Designs:Office... Bayshore Water Patton Hardware Su... Melton, Johnny:Dent... Wheeler's Tile Etc. Dianne's Auto Shop Bank of Anycity Abercrombie, Kristy:... Larson Flooring Schneider, Gregg O. Miller, Dan T. Mason, Elizabeth N. Schneider, Gregg O.

479

CalOil Company Teschner, Anton:Su...

85-93117 5-487 1890-76 VOID: 123-78 RC 93 Monthly Vechii... Pmt# 23 Reimburseme...

Deposit Funds Transfer 56321 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496

Teschner, Anton:Su... Thomas Kitchen & B... C.U. Electric Hamlin Metal Keswick Insulation Patton Hardware Su... Washuta & Son Pain... Wheeler's Tile Etc. Employment Develo... Great Statewide Bank Sergeant Insurance State Fund City of Middlefield Lew Plumbing Timberloft Lumber Middlefield Drywall Gallion Masonry Lew Plumbing

3008 497

Keenan, Bridget:Sun... Washuta & Son Pain...

498 499 500

Fay, Maureen Lynn, ... East Bayshore Auto ... Express Delivery Ser...

Monthly Truck...

501 SEND 502 503 504 505 506 507 508 509 510 511 512 513 514

Wheeler's Tile Etc.

Deposit H-18756 Funds Transfer

42000 10073 10074 10075 10076 10077 10078 10079 515 516

Daigle Lighting Patton Hardware Su... Perry Windows & Do... Lew Plumbing East Bayshore Tool ... Timberloft Lumber East Bayshore Tool ... Hopkins Constructio... Timberloft Lumber East Bayshore Tool ... Patton Hardware Su... Timberloft Lumber Sloan Roofing Abercrombie, Kristy:... Natiello, Ernesto:Kitc... Miller, Dan T. Mason, Elizabeth N. Schneider, Gregg O. Miller, Dan T. Mason, Elizabeth N. Schneider, Gregg O. Schneider, Gregg O. Vu Contracting State Board of Equal...

517

Kershaw Computer ...

R 55-801

RC 93 123-78 H-18756 987-6543-2 00-7904153 786-35 5-487 1890-76 ROCK-0921 R 594 5-487 Deposit 123-78 Deposit

Bill #35698 5-487 1890-76 1890-76 RC 93 1890-76

ABCD 11-234... Deposit Deposit

518 519 10083 10084 10085

Express Delivery Ser... Davis Business Asso... Employment Develo... Great Statewide Bank State Fund

987-6543-2 00-7904153 Deposit Service Charge Deposit

Computer Accounting with QuickBooks 2015 by Donna Kay

Debit

Credit

Balance

14,085.30 42,300.00 1,200.00 4,264.78 4,225.41 5,435.00 300.00 500.00 600.00 800.00 6,790.00 2,000.00 0.00 3,150.00 24.00 656.23 4,135.50 686.00 218.00 2,710.90 711.15 2,700.00 62.00 1,325.15 890.57 1,033.99 4,706.01 135.80 1,200.00 25,000.00 5,000.00 1,938.00 1,500.00 950.00 900.00 5,325.00 2,150.00 2,445.00 294.98 2,142.78 75.00 805.83 175.00 700.00 8,000.00 2,400.00 1,000.00 1,000.00 1,000.00 102.65 4,000.00 4,936.12 250.00 532.97 70.00 4,700.00 625.00 500.00 640.92 754.50 6,935.75 45.00 1,631.52 1,358.00 1,476.23 450.00 896.00 696.52 400.00 1,610.00 5,700.00 7,633.28 13,560.39 1,299.60 907.92 1,033.98 1,350.15 932.92 1,062.12 1,062.12 1,000.00 1,629.27 72,000.00 300.00 1,000.00 45.00 200.00 543.83 4,591.72 1,614.71 315.08 10.00 223.53

91,305.83 49,005.83 50,205.83 54,470.61 58,696.02 64,131.02 63,831.02 63,331.02 62,731.02 61,931.02 55,141.02 53,141.02 53,141.02 56,291.02 56,267.02 55,610.79 59,746.29 59,060.29 58,842.29 56,131.39 55,420.24 52,720.24 52,658.24 51,333.09 50,442.52 49,408.53 54,114.54 53,978.74 55,178.74 80,178.74 85,178.74 83,240.74 81,740.74 80,790.74 79,890.74 74,565.74 72,415.74 69,970.74 69,675.76 67,532.98 67,457.98 66,652.15 66,477.15 65,777.15 57,777.15 55,377.15 54,377.15 53,377.15 54,377.15 54,479.80 50,479.80 55,415.92 55,165.92 54,632.95 54,562.95 59,262.95 58,637.95 59,137.95 58,497.03 57,742.53 50,806.78 50,761.78 49,130.26 47,772.26 46,296.03 45,846.03 44,950.03 44,253.51 43,853.51 42,243.51 36,543.51 44,176.79 57,737.18 56,437.58 55,529.66 54,495.68 53,145.53 52,212.61 51,150.49 50,088.37 49,088.37 47,459.10 119,459.10 119,159.10 120,159.10 120,114.10 119,914.10 119,370.27 114,778.55 113,163.84 113,478.92 113,468.92 113,692.45

©McGraw-Hill Education, 2016

7. 10

! ! ! ! ! ! ! !

Exploring QuickBooks with Rock Castle Construction

Your Name Chapter 7 Rock Castle Construction

General Ledger As of December 31, 2019

Accrual Basis Type

Date

Num

Paycheck Paycheck Paycheck Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Deposit Sales Tax Payment Sales Tax Payment

12/22/2019 12/22/2019 12/22/2019 12/23/2019 12/23/2019 12/28/2019 12/28/2019 12/28/2019 12/29/2019 12/31/2019 12/31/2019

10080 10081 10082 520 521 524 525 526

Adj

Mason, Elizabeth N. Miller, Dan T. Schneider, Gregg O. Kolbe Window & Door Patton Hardware Su... Joseph's Closets Cal Gas & Electric Cal Telephone

Name

522 523

City of East Bayshore State Board of Equal...

Memo

Deposit ABCD 11-234...

Split -SPLIT-SPLIT-SPLIT20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 20000 · Accou... 12000 · Undep... 25500 · Sales ... -SPLIT-

Total 10100 · Checking 10300 · Savings Transfer Transfer Transfer Transfer

Debit

Credit 943.32 1,378.40 1,073.67 260.00 36.00 204.00 87.00 54.00

10/14/2019 11/25/2019 12/05/2019 12/15/2019

Funds Transfer Funds Transfer Funds Transfer Funds Transfer

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Total 10300 · Savings

10100 · Checki... 10100 · Checki... 10100 · Checki... 10100 · Checki...

0.29 975.95

112,749.13 111,370.73 110,297.06 110,037.06 110,001.06 109,797.06 109,710.06 109,656.06 109,839.72 109,839.43 108,863.48

204,291.50

108,863.48

183.66

274,904.03

25,000.00 500.00

16,110.19 1,110.19 43,410.19 18,410.19 17,910.19

40,500.00

17,910.19

15,000.00 42,300.00

42,300.00

500.00 500.00

10400 · Petty Cash Total 10400 · Petty Cash TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

Balance

317,204.03

244,791.50

127,273.67

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 11

CHAPTER 7 PROFIT & LOSS

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 12

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 13

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 14

Exploring QuickBooks with Rock Castle Construction

CHAPTER 7 INCOME AND EXPENSE GRAPH

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 15

CHAPTER 7 BALANCE SHEET

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 16

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 17

CHAPTER 7 STATEMENT OF CASH FLOWS

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 18

Exploring QuickBooks with Rock Castle Construction

CHAPTER 7 INCOME TAX PREPARATION REPORT

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 19

! ! ! ! ! CHAPTER 7 CASH FLOW FORECAST

! ! ! ! !

Your Name Chapter 7 Rock Castle Construction

Cash Flow Forecast December 15, 2019 through January 11, 2020 Accnts Receivable Beginning Balance Week of Dec 15, 19 Week of Dec 22, 19 Week of Dec 29, 19 Week of Jan 5, 20 Dec 15, '19 - Jan 11, 20 Ending Balance

0.00

Accnts Payable

Bank Accnts

Net Inflows

0.00 0.00 0.00 7,480.00

3,459.20 0.00 0.00 0.00 0.00

63,343.86 54,369.50 -3,852.73 -976.24 0.00

54,369.50 -3,852.73 -976.24 7,480.00

7,480.00

0.00

49,540.53

57,020.53

7,480.00

3,459.20

Computer Accounting with QuickBooks 2015 by Donna Kay

112,884.39

Proj Balance 59,884.66 114,254.16 110,401.43 109,425.19 116,905.19

116,905.19

©McGraw-Hill Education, 2016

7. 20

Exploring QuickBooks with Rock Castle Construction

EXERCISE 7.1 TASK 2 PROFIT & LOSS VERTICAL ANALYSIS

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 21

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 22

Exploring QuickBooks with Rock Castle Construction

EXERCISE 7.2 TASK 2 BALANCE SHEET VERTICAL ANALYSIS

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 23

! ! ! ! ! ! ! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 24

Exploring QuickBooks with Rock Castle Construction

EXERCISE 7.3 TASK 2 GENERAL LEDGER ACCOUNT

! ! ! ! ! ! !

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 25

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 26

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 27

EXERCISE 7.3 TASK 3 RATIOS Rock Castle Construction 2019 Current Ratio

9.49:1

$271,006.78

$28,551.50

9.4919

Debt Ratio

59.1%

$415,518.41

$702,945.07

0.5911

Profit Margin

21.1%

$40,326.40

$190,969.91

0.2112

! !

To: Mr. Castle From: YourName Subject: Ratio Analysis

Mr. Castle: The results of ratio analysis reveal that Rock Castle Construction is doing fair with a few opportunities to improve. Additional insight can be gained in future years by examining this year’s results to next year’s. Rock Castle’s current ratio revealed that the current liabilities are well covered. For the debt ratio, Rock Castle has some possible risk. The analysis shows that almost 60% of Rock Castle’s assets are financed by debt. This needs to be kept in mind when making future purchase and expansion decisions. Rock Castle’s profit margin for the year was around 21 cents per dollar, which means for every dollar in revenue, 21 cents is profit. Examining expenses and processes may provide an increase in efficiency and output. I hope these insights help you as you start the new year. Best of luck and please let me know if I can be of any further assistance. Sincerely, YourName

! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Get complete Order files download link below htps://www.mediafire.com/file/04ko49nw4pmk1ib/S M+Computer+Accoun�ng+with+QuickBooks+2015,+17 e+Donna+Kay.zip/file

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7. 28

Exploring QuickBooks with Rock Castle Construction Year-End Guide

Page 1 of 2

EXERCISE 7.4 YEAR-END GUIDE

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Reduce hassles with our Year-End Guide. We'll show you how to wrap up the business year, archive your QuickBooks files, and get ready for the next business year.

Tasks to prepare for filing taxes

Save Checkmarks

Clear Checkmarks

 A. Reconcile all bank and credit card accounts       B. Verify petty cash entries for the tax year       C. Make year-end accrual adjustments and corrections       D. Close your books       E. Adjust Retained Earnings       F. Review details of all new equipment purchased during year       G. Make all asset depreciation entries and adjustments       H. Review fringe benefits that need to be reported on Form W-2       I.     

Take a physical inventory and reconcile with book inventory

 J. Print financial reports       K. Print income tax reports to verify tax tracking       L. Import your tax-related data to TurboTax or ProSeries       M. Print and mail Forms W-2, W-3, 1099, 940, 941 and 1096       N. Archive and back up your data       O. Order supplies and tax forms     

Tasks to do if you use subcontractors  A. Ensure that 1099 info is correct       B. Print & mail 1099s     

Tasks to do if you have employees If you use the Assisted Payroll Service      

Click here for frequently asked questions about year-end tasks If you are enrolled in QuickBooks Assisted Payroll, the following items are handled by the payroll service for you:

     

z Pay payroll taxes and other liabilities (Assisted Payroll automatically makes your federal and state z z z z

payroll tax liability payments) Print and distribute W-2s Print and distribute W-3s Process Form 940 Process Form 941

If you use QuickBooks Payroll or have no payroll service you have current payroll tax tables (QuickBooks Payroll only)  A. Confirm      Year-End Guide

Page 2 of 2

 B. Clear YTD payroll amounts - QuickBooks does this for you       C. Pay payroll liabilities       D. Review W-2 forms           

 E. Print & distribute W-2s       F. Print form W-3       G. Process Form 940     

file:///C:/Program%20Files/Intuit/QuickBooks%202014/Components/Help/YEG/yeg1.html  H. Process Form 941     

10/9/2013

 I. Verify W4 information      Tech Support with Access to the QuickBooks Knowledge Base Computer Accounting QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 29

EXERCISE 7.5 TURBOTAX RECOMMENDATION To: Mr. Castle From: YourName Subject: TurboTax Mr. Castle: As you requested, I have researched TurboTax software and the differences between the two versions of TurboTax: (1) TurboTax for Home and Business and (2) TurboTax for Business. A summary of my findings follows: • TurboTax for Business is used for a Corporation, S-Corporation, Partnership, or Limited Liability Company (LLC). This software asks questions using the EasyStep Interview and places the answers directly in the return, while performing certain calculations automatically. TurboTax also offers advice and tips concerning depreciation, industry averages and ratios, business deductions, and certain items that may be potential audit flags. You can also create and print Forms 1099-MISC and W-2 for your contractors and employees. • TurboTax for Home and Business is used for Sole Proprietorships and personal taxes. This software can be used for Schedule C businesses and single-member LLCs. TurboTax provides information and advice concerning the following: new tax laws, depreciation, industry specific advice, business tax planner, two-year comparison, business tax library, video tax guidance, business deduction finder, and audit alerts. You can also create and print Forms 1099-MISC and W-2 for your contractors and employees. I recommend we use TurboTax for Business because Rock Castle Construction is a sole proprietorship and the software is user-friendly. In addition, TurboTax provides additional services and assistance that would benefit the company. Please let me know if you need any additional information and how you would like to proceed. Best regards, YourName

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 30

Exploring QuickBooks with Rock Castle Construction

EXERCISE 7.6 STATEMENT OF OPERATIONS FOR INTUIT, INC.

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 31

PROJECT 7 TRIAL BALANCE

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 32

Exploring QuickBooks with Rock Castle Construction

PROJECT 7 ADJUSTING JOURNAL ENTRIES

Your Name Project 7 Larry's Landscaping

Adjusting Journal Entries December 31, 2019

Accrual Basis Date 12/31/2019

Num

Name

Memo

A108

Account 6700 · Depreciation 1520 · Accumulated D...

Debit

575.00 575.00

12/31/2019

A109

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

6900 · Insurance Prepaid Insurance

Credit

575.00 575.00

100.00 100.00 100.00

100.00

675.00

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 33

PROJECT 7 ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

7. 34

Exploring QuickBooks with Rock Castle Construction

PROJECT 7 PROFIT & LOSS

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Your Name Project 7 Larry's Landscaping

Profit & Loss October through December 2019

Accrual Basis

Oct - Dec 19 Ordinary Income/Expense Income Retail Sales Service 4100 · Landscaping Services 4000 · Design Services 4110 · Job Materials Misc Materials 4111 · Decks & Patios 4112 · Fountains & Garden Lighting 4113 · Plants and Sod 4114 · Sprinklers & Drip systems Total 4110 · Job Materials 4120 · Labor 4121 · Installation 4122 · Maintenance & Repairs Total 4120 · Labor

392.48 6,720.00 13,510.00 141.30 45.00 6,878.40 5,361.45 3,887.21 16,313.36 24,642.00 3,624.50 28,266.50

Total 4100 · Landscaping Services

58,089.86

4300 · Other Income 4400 · Markup Income

1,337.00 815.00

Total Income

67,354.34

Cost of Goods Sold 5000 · Cost of Goods Sold

4,274.19 4,274.19

Total COGS

63,080.15

Gross Profit Expense 6000 · Advertising 6200 · Automobile Insurance 6210 · Fuel 6220 · Maintenance & Repairs

100.00 427.62 55.93 254.50 738.05

Total 6200 · Automobile

98.50 43,384.51 15.00 575.00

6400 · Bank Service Charges 6561 · Payroll Expenses 6600 · Delivery Fee 6700 · Depreciation 6900 · Insurance 6910 · Disability 6920 · Liability 6930 · Worker's Comp 6900 · Insurance - Other

150.00 855.00 630.00 300.00 1,935.00

Total 6900 · Insurance

0.00 470.91

6999 · Uncategorized Expenses 7000 · Interest Expense 7100 · Job Expenses 7110 · Job Materials 7111 · Decks & Patio 7112 · Fountains & Garden Lighting 7113 · Plants & Sod Total 7110 · Job Materials

Computer Accounting with QuickBooks 2015 by Donna Kay

0.00 1,150.00 1,049.25 2,199.25

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 35

Your Name Project 7 Larry's Landscaping

Profit & Loss October through December 2019

Accrual Basis

Oct - Dec 19 7130 · Permits 7140 · Subcontractors Total 7100 · Job Expenses 7250 · Mileage Reimbursement 7300 · Office Supplies 7320 · Computer Supplies 7400 · Professional Fees 7420 · Legal 7430 · Professional Design Fees

0.00 375.00 2,574.25 0.00 250.00 127.00 375.00 360.00

Total 7400 · Professional Fees

735.00

7500 · Rent 7550 · Repairs 7552 · Computer Repairs 7553 · Equipment Repairs

3,200.00 180.00 45.00

Total 7550 · Repairs

225.00

7700 · Tools and Misc. Equipment 7750 · Utilities 7751 · Gas and Electric 7752 · Water 7753 · Telephone

735.00

Total 7750 · Utilities

424.42 81.17 149.96 655.55

Total Expense

55,818.77

Net Ordinary Income

7,261.38

Other Income/Expense Other Income Misc Income 8000 · Interest Income

762.50 91.11

Total Other Income

853.61

Net Other Income Net Income

Computer Accounting with QuickBooks 2015 by Donna Kay

853.61 8,114.99

©McGraw-Hill Education, 2016

7. 36

Exploring QuickBooks with Rock Castle Construction

PROJECT 7 PROFIT & LOSS DETAIL

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Your Name Project 7 Larry's Landscaping

Profit & Loss Detail October through December 2019

Accrual Basis

Type

Date

Ordinary Income/Expense Income Retail Sales Sales Receipt Invoice Sales Receipt Sales Receipt Sales Receipt Invoice Sales Receipt Invoice Invoice Sales Receipt

Num

Adj

Name

Memo

10/02/2019 10/10/2019 10/22/2019 10/30/2019 11/07/2019 11/12/2019 11/25/2019 12/08/2019 12/10/2019 12/20/2019

7 66 19 13 14 97 17 123 125 22

Retail Sales Sage, Robert Retail Sales Chapman, Natalie Retail Sales Gregory, Dru Retail Sales Heldt, Bob Loomis, Anne Stinson, Tracy

Plant & Tree Fe... -MULTIPLEPlant & Tree Fe... -MULTIPLE-MULTIPLEPlant & Tree Fe... -MULTIPLE-MULTIPLE-MULTIPLELawn & Garden...

10/07/2019 10/18/2019 10/22/2019 11/15/2019 11/25/2019 11/25/2019 12/10/2019 12/12/2019 12/20/2019

65 139 77 134 107 135 125 128 144

Jasmine Park Julie's Doll House Sonnenschein, Russ Blackwell, Edward Rosenstock, Amy Crenshaw, Bob Loomis, Anne Rummens, Susie:2877... Price, Gwen

Tree Removal ... Tree Removal ... Tree Removal ... Tree Removal ... Tree Removal ... Tree Removal ... Tree removal Tree removal Tree Removal ...

Class

Landscaping

Landscaping Landscaping Landscaping

Clr

Split

0.00

Maintenance Landscaping Landscaping

4100 · Landscaping Services 4000 · Design Services Invoice 10/11/2019 Invoice 10/15/2019 Invoice 10/20/2019 Invoice 10/20/2019 Invoice 10/27/2019 Invoice 11/09/2019 Invoice 11/13/2019 Invoice 11/24/2019 Invoice 12/05/2019 Invoice 12/15/2019

0.00

67 71 75 76 78 93 98 104 122 132

Crenshaw, Bob Jim's Family Store Williams, Abraham Lee, Laurel:Lee Reside... Leon, Richard Ecker Design Pretell, Erika:Residential Hughes, David Paxton Consulting DJ's Computers

Custom Landsc... Custom Landsc... Custom Landsc... Custom Landsc... Custom Landsc... Custom Landsc... Custom Landsc... Custom Landsc... Custom Landsc... Custom Landsc...

Design Design Design Design Design Design Design Design Design Design

1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ...

Total 4000 · Design Services 4110 · Job Materials Misc Materials 11/12/2019 12/01/2019 12/12/2019 12/12/2019

0.00

97 119 128 129

Gregory, Dru Theurer-Davis, Vicki:Irr... Rummens, Susie:2877... Stinson, Tracy

1/2" Vinyl Irriga... 1/2" Vinyl Irriga... 1/2" Vinyl Irriga... 3/4" Vinyl Irriga...

Landscaping Landscaping Landscaping Landscaping

1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ...

Total Misc Materials 4111 · Decks & Patios 12/08/2019 12/10/2019

Invoice Bill

0.00 123

Heldt, Bob Heldt, Bob

Deck Lumber Deck Lumber

Design Design

1200 · Accounts ... 2000 · Accounts ...

Hughes, David Sage, Robert Retail Sales McCale, Ron Williams, Abraham Lee, Laurel:Lee Adverti... Golliday Sporting Good... Retail Sales Lee, Laurel:Lee Reside... Ecker Design Pretell, Erika:Pretell Es... Loomis, Anne Stinson, Tracy Jim's Family Store Heldt, Bob

Garden Lighting Fish Pond Fountain pump Fish Pond -MULTIPLE-MULTIPLE-MULTIPLEGarden Lighting -MULTIPLEGarden Lighting Garden Lighting -MULTIPLE-MULTIPLE-MULTIPLEFountain pump

Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping

1200 · Accounts ... 1200 · Accounts ... 1400 · Undeposit... Checking 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1400 · Undeposit... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1400 · Undeposit...

Retail Sales Hughes, David Sage, Robert Crenshaw, Bob Retail Sales Golliday Sporting Good... McCale, Ron:Residential Gregory, Dru Retail Sales Rosenstock, Amy Ecker Design Middlefield Elementary... Theurer-Davis, Vicki:Irr... Golliday Sporting Good... Heldt, Bob Loomis, Anne Rummens, Susie:2877... Stinson, Tracy Stinson, Tracy Perry, Dave

-MULTIPLEHedges & Shrubs Hedges & Shrubs -MULTIPLE-MULTIPLE-MULTIPLEMisc Plants & F... Citrus Tree - 50... Flowering Plants Citrus Tree - 50... Flowering plant... Replaced dead ... Hedges & Shrubs Evergreen Plants Citrus Tree - 50... -MULTIPLE-MULTIPLE-MULTIPLEGarden rocks Garden rocks

Total 4111 · Decks & Patios

Invoice Invoice Sales Receipt Sales Receipt Invoice Invoice Invoice Sales Receipt Invoice Invoice Invoice Invoice Invoice Invoice Sales Receipt

Landscaping Landscaping Landscaping

Total 4112 · Fountains & Garden Lighting

Sales Receipt Invoice Invoice Invoice Sales Receipt Invoice Invoice Invoice Sales Receipt Invoice Invoice Invoice Invoice Invoice Invoice Invoice Invoice Invoice Bill Sales Receipt

4113 · Plants and Sod 10/02/2019 10/05/2019 10/10/2019 10/20/2019 10/22/2019 10/30/2019 10/30/2019 11/12/2019 11/20/2019 11/25/2019 11/30/2019 12/01/2019 12/01/2019 12/02/2019 12/08/2019 12/10/2019 12/12/2019 12/12/2019 12/13/2019 12/21/2019

7 64 66 73 19 80 82 97 16 107 111 118 119 120 123 125 128 129 23

0.00

Landscaping Landscaping Landscaping Landscaping Maintenance Landscaping Landscaping Maintenance Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping

Checking 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... Checking 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1400 · Undeposit... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 2000 · Accounts ... 1400 · Undeposit...

Total 4113 · Plants and Sod

4114 · Sprinklers & Drip systems Invoice 10/10/2019 66 Invoice 11/05/2019 91 Invoice 11/30/2019 111 Inventory Adjust 11/30/2019 1 Invoice 12/08/2019 123 Invoice 12/10/2019 125

Sage, Robert Williams, Abraham Ecker Design Heldt, Bob Loomis, Anne

-MULTIPLE-MULTIPLEPlastic sprinkler... Four sprinkler h... -MULTIPLE-MULTIPLE-

Total 4114 · Sprinklers & Drip systems Total 4110 · Job Materials

Computer Accounting with QuickBooks 2015 by Donna Kay

Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping

1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1300 · Inventory ... 1200 · Accounts ... 1200 · Accounts ...

392.48

392.48 1,935.00 1,965.00 2,690.00 3,440.00 4,040.00 5,140.00 6,080.00 6,640.00 6,720.00

6,720.00

1,250.00 1,250.00 750.00 3,200.00 550.00 1,250.00 550.00 850.00 3,750.00 110.00

1,250.00 2,500.00 3,250.00 6,450.00 7,000.00 8,250.00 8,800.00 9,650.00 13,400.00 13,510.00

13,510.00

12.30 63.75 11.25 54.00

12.30 76.05 87.30 141.30

141.30

202.50

202.50 45.00

202.50

45.00

650.00 487.95 300.00 500.00 775.00 783.50 285.00 175.00 385.00 500.00 145.50 815.95 535.50 465.00 75.00

650.00 1,137.95 1,437.95 1,937.95 2,712.95 3,496.45 3,781.45 3,956.45 4,341.45 4,841.45 4,986.95 5,802.90 6,338.40 6,803.40 6,878.40

6,878.40

167.25 600.00 330.00 388.00 333.00 290.00 54.00 210.00 210.00 132.00 720.00 90.00 240.00 475.00 132.00 469.95 255.00 392.00 19.50

167.25 767.25 1,097.25 1,485.25 1,818.25 2,108.25 2,162.25 2,372.25 2,582.25 2,714.25 3,434.25 3,524.25 3,764.25 4,239.25 4,371.25 4,841.20 5,096.20 5,488.20 5,341.95 5,361.45

5,507.70

5,361.45

633.00 501.00 1,237.50

633.00 1,134.00 2,371.50 2,345.96 3,193.96 3,887.21

146.25 146.25

8.94 109.94 132.29 192.44 224.06 233.00 293.66 322.88 383.03 392.48

1,935.00 30.00 725.00 750.00 600.00 1,100.00 940.00 560.00 80.00

157.50 157.50

4112 · Fountains & Garden Lighting 10/05/2019 64 10/10/2019 66 10/20/2019 10 10/30/2019 12 11/05/2019 91 11/08/2019 92 11/14/2019 99 11/20/2019 16 11/25/2019 106 11/30/2019 111 12/04/2019 121 12/10/2019 125 12/12/2019 129 12/14/2019 130 12/19/2019 21

Balance

8.94 101.00 22.35 60.15 31.62 8.94 60.66 29.22 60.15 9.45

1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ...

Total Service

Invoice Invoice Invoice Invoice

Credit

Checking 1200 · Accounts ... Checking Checking Checking 1200 · Accounts ... Checking 1200 · Accounts ... 1200 · Accounts ... 1400 · Undeposit...

Total Retail Sales

Service Invoice Invoice Invoice Invoice Invoice Invoice Invoice Invoice Invoice

Debit

25.54 848.00 693.25 25.54

3,912.75

3,887.21

329.29

16,642.65

16,313.36

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 37

Your Name Project 7 Larry's Landscaping

Profit & Loss Detail October through December 2019

Accrual Basis

Type

Date

4120 · Labor 4121 · Installation Invoice 10/01/2019 Invoice 10/03/2019 Invoice 10/05/2019 Sales Receipt 10/10/2019 Invoice 10/10/2019 Invoice 10/13/2019 Invoice 10/15/2019 Invoice 10/18/2019 Invoice 10/18/2019 Invoice 10/20/2019 Invoice 10/20/2019 Sales Receipt 10/26/2019 Invoice 10/30/2019 Invoice 10/30/2019 Sales Receipt 10/30/2019 Invoice 10/31/2019 Invoice 10/31/2019 Invoice 10/31/2019 Invoice 10/31/2019 Invoice 10/31/2019 Invoice 10/31/2019 Invoice 11/01/2019 Invoice 11/01/2019 Invoice 11/05/2019 Invoice 11/08/2019 Sales Receipt 11/10/2019 Invoice 11/10/2019 Invoice 11/12/2019 Invoice 11/14/2019 Invoice 11/15/2019 Invoice 11/15/2019 Invoice 11/17/2019 Invoice 11/18/2019 Invoice 11/18/2019 Sales Receipt 11/20/2019 Invoice 11/25/2019 Sales Receipt 11/25/2019 Invoice 11/25/2019 Invoice 11/25/2019 Invoice 11/25/2019 Invoice 11/30/2019 Invoice 11/30/2019 Invoice 11/30/2019 Invoice 11/30/2019 Invoice 11/30/2019 Invoice 11/30/2019 Invoice 11/30/2019 Invoice 11/30/2019 Invoice 11/30/2019 Invoice 12/01/2019 Invoice 12/02/2019 Invoice 12/04/2019 Invoice 12/08/2019 Invoice 12/10/2019 Invoice 12/11/2019 Invoice 12/12/2019 Invoice 12/12/2019 Invoice 12/12/2019 Invoice 12/14/2019 Invoice 12/15/2019 Invoice 12/20/2019

Num

62 63 64 8 66 68 72 138 139 73 74 11 79 80 12 83 84 85 86 87 88 89 90 91 92 15 94 97 99 100 134 103 140 141 16 105 18 106 107 135 108 109 111 112 113 114 115 116 117 118 120 121 123 125 126 127 128 129 130 131 143

Adj

Name

Memo

Class

Golliday Sporting Good... Middlefield Elementary... Hughes, David Crider, Craig Sage, Robert Hermann, Jennifer:Res... Golliday Sporting Good... Adam's Candy Shop Julie's Doll House Crenshaw, Bob Leon, Richard Crider, Craig Golliday Sporting Good... Golliday Sporting Good... McCale, Ron Lo, David:4631 W Indi... Corcoran, Carol Blackwell, Edward Cheknis, Benjamin Balak, Mike:330 Main St Molotsi, Hugh:6856 Oc... Middlefield Elementary... Jim's Family Store Williams, Abraham Lee, Laurel:Lee Adverti... Crider, Craig Hermann, Jennifer:Res... Gregory, Dru Golliday Sporting Good... Golliday Sporting Good... Blackwell, Edward Pretell, Erika:Residential Julie's Doll House Adam's Candy Shop Retail Sales Leon, Richard Crider, Craig Lee, Laurel:Lee Reside... Rosenstock, Amy Crenshaw, Bob Golliday Sporting Good... Golliday Sporting Good... Ecker Design Lo, David:4631 W Indi... Corcoran, Carol Blackwell, Edward Cheknis, Benjamin Balak, Mike:330 Main St Molotsi, Hugh:6856 Oc... Middlefield Elementary... Golliday Sporting Good... Pretell, Erika:Pretell Es... Heldt, Bob Loomis, Anne Rummens, Susie:721 ... Hermann, Jennifer:Res... Rummens, Susie:2877... Stinson, Tracy Jim's Family Store Ecker Design Russell Chiropractic

Monthly gardeni... -MULTIPLEInstallation of la... Bi-weekly garde... Installation of la... Contract garde... Bi-weekly garde... Weekly gardeni... Weekly gardeni... Installation of fr... Monthly gardeni... Bi-weekly garde... Bi-weekly garde... Monthly gardeni... Installation of la... Weekly gardeni... Weekly gardeni... Weekly gardeni... Weekly gardeni... Weekly gardeni... Weekly gardeni... -MULTIPLEInstallation of la... Installation of la... Installation of la... Bi-weekly garde... Contract garde... Installation of la... Installation of la... Bi-weekly garde... Weekly gardeni... Installation of la... Weekly gardeni... Weekly gardeni... Installation of la... Monthly gardeni... Bi-weekly garde... Installation of la... Installation of la... Weekly gardeni... Monthly gardeni... Bi-weekly garde... Installation of la... Weekly gardeni... Weekly gardeni... Weekly gardeni... Weekly gardeni... Weekly gardeni... Weekly gardeni... -MULTIPLEInstallation of la... Installation of la... Installation of la... Installation of la... Weekly gardeni... Contract garde... Installation of la... Installation of la... Installation of la... Weekly gardeni... Weekly gardeni...

Landscaping Landscaping Landscaping Landscaping Landscaping Maintenance Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Maintenance Maintenance Maintenance Maintenance Maintenance Landscaping Landscaping Landscaping Landscaping Landscaping Maintenance Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Maintenance Landscaping Landscaping Landscaping Maintenance Maintenance Maintenance Maintenance Maintenance Landscaping Landscaping Landscaping Landscaping Maintenance Landscaping Landscaping Landscaping Maintenance

Clr

Split

Credit

1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... Checking 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1400 · Undeposit... 1200 · Accounts ... 1200 · Accounts ... Checking 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1400 · Undeposit... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1400 · Undeposit... 1200 · Accounts ... 1400 · Undeposit... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ...

Total 4121 · Installation

0.00

4122 · Maintenance & Repairs Invoice 10/03/2019 63 Invoice 10/07/2019 65 Sales Receipt 10/10/2019 8 Invoice 10/10/2019 66 Invoice 10/13/2019 69 Invoice 10/14/2019 70 Invoice 10/20/2019 74 Invoice 10/22/2019 77 Invoice 10/30/2019 80 Invoice 10/30/2019 81 Invoice 10/30/2019 82 Invoice 10/31/2019 87 Invoice 11/11/2019 95 Invoice 11/11/2019 96 Invoice 11/12/2019 97 Invoice 11/15/2019 101 Invoice 11/15/2019 102 Invoice 11/15/2019 134 Invoice 11/25/2019 105 Invoice 11/25/2019 107 Invoice 11/25/2019 135 Invoice 11/30/2019 108 Invoice 11/30/2019 116 Invoice 12/09/2019 124 Invoice 12/10/2019 125 Invoice 12/11/2019 126 Invoice 12/15/2019 131 Invoice 12/19/2019 142

Middlefield Elementary... Jasmine Park Crider, Craig Sage, Robert Molotsi, Hugh:1487 Sil... Molotsi, Hugh:4697 W.... Leon, Richard Sonnenschein, Russ Golliday Sporting Good... Lochrie, Steven McCale, Ron:Residential Balak, Mike:330 Main St Tumacder, Jacint Walker, Rich Gregory, Dru Andres, Cristina Lo, David:4631 W Indi... Blackwell, Edward Leon, Richard Rosenstock, Amy Crenshaw, Bob Golliday Sporting Good... Balak, Mike:330 Main St Loomis, Anne Loomis, Anne Rummens, Susie:721 ... Ecker Design Loomis, Anne

Pest control ser... -MULTIPLEPest control ser... Tree and shrub ... -MULTIPLE-MULTIPLETree and shrub ... Pest control ser... Pest control ser... -MULTIPLE-MULTIPLEPest control ser... -MULTIPLE-MULTIPLETree and shrub ... -MULTIPLE-MULTIPLETree and shrub ... Sprayed fruit tre... Pest control ser... Tree and shrub ... Tree and shrub ... Pest control ser... Pest control ser... Tree and shrub ... Pest control ser... Pest control ser... Pest control ser...

Landscaping Landscaping Landscaping Landscaping Landscaping Maintenance Maintenance Maintenance Maintenance Maintenance Landscaping Maintenance Landscaping Maintenance Landscaping Maintenance Maintenance Landscaping Maintenance

1200 · Accounts ... 1200 · Accounts ... Checking 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ...

Total 4122 · Maintenance & Repairs Total 4120 · Labor Total 4100 · Landscaping Services 4300 · Other Income Deposit 12/16/2019 Deposit 12/17/2019 Deposit 12/18/2019

Debit

2200

Gussman's Nursery Conner Garden Supplies -MULTIPLE-

Storage Rental ... Storage Rental ... -MULTIPLE-

Total 4300 · Other Income

Computer Accounting with QuickBooks 2015 by Donna Kay

Balance

200.00 465.00 840.00 100.00 560.00 35.00 150.00 40.00 40.00 1,120.00 100.00 100.00 150.00 225.00 105.00 316.00 240.00 480.00 300.00 140.00 160.00 355.00 1,680.00 1,920.00 210.00 100.00 35.00 455.00 210.00 150.00 200.00 684.00 40.00 40.00 280.00 100.00 100.00 1,310.00 35.00 125.00 225.00 150.00 1,400.00 316.00 240.00 480.00 300.00 140.00 160.00 575.00 1,890.00 874.00 315.00 875.00 75.00 35.00 595.00 630.00 1,330.00 67.00 75.00

200.00 665.00 1,505.00 1,605.00 2,165.00 2,200.00 2,350.00 2,390.00 2,430.00 3,550.00 3,650.00 3,750.00 3,900.00 4,125.00 4,230.00 4,546.00 4,786.00 5,266.00 5,566.00 5,706.00 5,866.00 6,221.00 7,901.00 9,821.00 10,031.00 10,131.00 10,166.00 10,621.00 10,831.00 10,981.00 11,181.00 11,865.00 11,905.00 11,945.00 12,225.00 12,325.00 12,425.00 13,735.00 13,770.00 13,895.00 14,120.00 14,270.00 15,670.00 15,986.00 16,226.00 16,706.00 17,006.00 17,146.00 17,306.00 17,881.00 19,771.00 20,645.00 20,960.00 21,835.00 21,910.00 21,945.00 22,540.00 23,170.00 24,500.00 24,567.00 24,642.00

24,642.00

35.00 540.00 45.00 114.00 180.00 145.00 75.00 80.00 45.00 270.00 220.00 40.00 180.00 185.00 80.00 108.50 193.00 175.00 35.00 68.50 350.00 75.00 40.00 64.50 105.00 60.00 56.00 60.00

35.00 575.00 620.00 734.00 914.00 1,059.00 1,134.00 1,214.00 1,259.00 1,529.00 1,749.00 1,789.00 1,969.00 2,154.00 2,234.00 2,342.50 2,535.50 2,710.50 2,745.50 2,814.00 3,164.00 3,239.00 3,279.00 3,343.50 3,448.50 3,508.50 3,564.50 3,624.50

0.00

3,624.50

0.00

28,266.50

329.29

58,419.15

58,089.86

270.00 580.00 487.00

270.00 850.00 1,337.00

1,337.00

Checking Checking Checking 0.00

©McGraw-Hill Education, 2016

7. 38

Exploring QuickBooks with Rock Castle Construction

Your Name Project 7 Larry's Landscaping

Profit & Loss Detail October through December 2019

Accrual Basis

Type

Date

4400 · Markup Income Invoice 10/20/2019 General Journal 10/31/2019 General Journal 10/31/2019 Invoice 11/01/2019 Invoice 11/09/2019 Invoice 11/17/2019 General Journal 11/30/2019 General Journal 11/30/2019 Invoice 11/30/2019 Invoice 12/01/2019 Invoice 12/04/2019 Invoice 12/08/2019 Invoice 12/12/2019

Num 75

Adj

Name Williams, Abraham

90 93 103

Jim's Family Store Ecker Design Pretell, Erika:Residential

110 119 121 123 129

Leon, Richard Theurer-Davis, Vicki:Irr... Pretell, Erika:Pretell Es... Heldt, Bob Stinson, Tracy

Memo Markup Allocate unclas... Allocate unclas... Markup Markup Markup Allocate unclas... Allocate unclas... Markup Markup Markup Markup Markup

Class

Landscaping

Clr

Split 1200 · Accounts ... 4400 · Markup In... 4400 · Markup In... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 4400 · Markup In... 4400 · Markup In... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ...

Total 4400 · Markup Income Total Income Cost of Goods Sold 5000 · Cost of Goods Sold Sales Receipt 10/02/2019 Invoice 10/05/2019 Invoice 10/10/2019 Invoice 10/20/2019 Sales Receipt 10/20/2019 Sales Receipt 10/22/2019 Invoice 11/05/2019 Invoice 11/08/2019 Invoice 11/12/2019 Invoice 11/14/2019 Sales Receipt 11/20/2019 Invoice 11/25/2019 Invoice 11/30/2019 Invoice 12/01/2019 Invoice 12/04/2019 Invoice 12/08/2019 Invoice 12/10/2019 Invoice 12/12/2019 Invoice 12/12/2019 Invoice 12/14/2019 Sales Receipt 12/19/2019

7 64 66 73 10 19 91 92 97 99 16 106 111 119 121 123 125 128 129 130 21

Retail Sales Hughes, David Sage, Robert Crenshaw, Bob Retail Sales Retail Sales Williams, Abraham Lee, Laurel:Lee Adverti... Gregory, Dru Golliday Sporting Good... Retail Sales Lee, Laurel:Lee Reside... Ecker Design Theurer-Davis, Vicki:Irr... Pretell, Erika:Pretell Es... Heldt, Bob Loomis, Anne Rummens, Susie:2877... Stinson, Tracy Jim's Family Store Heldt, Bob

Soil, 2 cubic ft b... Garden Lighting -MULTIPLESoil, 2 cubic ft b... Fountain pump Soil, 2 cubic ft b... -MULTIPLEFountain pump 1/2" Vinyl Irriga... Fountain pump Garden Lighting Fountain pump -MULTIPLE1/2" Vinyl Irriga... Garden Lighting -MULTIPLE-MULTIPLE-MULTIPLE-MULTIPLEFountain pump Fountain pump

Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping

Checking 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1400 · Undeposit... Checking 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1400 · Undeposit... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1400 · Undeposit...

Total 5000 · Cost of Goods Sold Total COGS Gross Profit

Bill

Expense 6000 · Advertising 12/23/2019

Sult Advertising

2000 · Accounts ...

Total 6000 · Advertising

Bill

Townley Insurance Ag...

6 months premi...

Overhead

2000 · Accounts ...

Total Insurance reclass Bayshore CalOil Service Bayshore CalOil Service Bayshore CalOil Service

Landscaping Landscaping Landscaping

6220 · Maintena... 2100 · CalOil Card 2100 · CalOil Card 2100 · CalOil Card

Total 6210 · Fuel

85.00 85.00 70.00 75.00 350.00 260.00 260.00 115.00 80.00 32.50 2.50 5.00

reclass Bayshore CalOil Service Bayshore CalOil Service Bayshore CalOil Service Bayshore CalOil Service Bayshore CalOil Service

Radiator Flush ... Lube, Oil & Filte...

Landscaping Landscaping Landscaping Landscaping Landscaping

6210 · Fuel 2100 · CalOil Card 2100 · CalOil Card 2100 · CalOil Card 2100 · CalOil Card 2100 · CalOil Card

Total 6220 · Maintenance & Repairs Total 6200 · Automobile Debit Debit 1081 Debit Debit 1108 Debit

Great Statewide Bank Great Statewide Bank Great Statewide Bank Great Statewide Bank Great Statewide Bank Great Statewide Bank Great Statewide Bank

Monthly Service... Service Charge Service Charge Service Charge Service Charge Service Charge Monthly Service... Service Charge

Total 6400 · Bank Service Charges

Computer Accounting with QuickBooks 2015 by Donna Kay

Overhead Overhead Overhead Overhead Overhead Overhead Overhead

Savings Checking Checking Savings Checking Checking Savings Checking

85.00 0.00 85.00 155.00 230.00 580.00 320.00 580.00 695.00 775.00 807.50 810.00 815.00

345.00

1,160.00

815.00

674.29

68,028.63

67,354.34

79.50 14.83 457.84 31.80 213.55 106.00 393.83 53.66 9.84 53.66 14.81 53.66 959.81 51.00 88.85 639.08 744.95 30.20 169.44 53.94 53.94

79.50 94.33 552.17 583.97 797.52 903.52 1,297.35 1,351.01 1,360.85 1,414.51 1,429.32 1,482.98 2,442.79 2,493.79 2,582.64 3,221.72 3,966.67 3,996.87 4,166.31 4,220.25 4,274.19

4,274.19

0.00

4,274.19

0.00

4,274.19

4,948.48

68,028.63

63,080.15

100.00

4,274.19

100.00 0.00

427.62

100.00

427.62 0.00

427.62

27.25

-27.25 -2.25 33.93 55.93

27.25

55.93

25.00 36.18 22.00 83.18

6220 · Maintenance & Repairs General Journal 10/01/2019 Credit Card Charge 11/10/2019 Credit Card Charge 11/12/2019 Credit Card Charge 11/25/2019 Credit Card Charge 12/02/2019 Credit Card Charge 12/13/2019

Balance

85.00

427.62

10/01/2019 10/08/2019 10/19/2019 10/28/2019

6400 · Bank Service Charges Check 10/15/2019 Check 10/24/2019 Check 10/26/2019 Check 10/26/2019 Check 11/24/2019 Check 11/25/2019 Check 11/25/2019 Check 11/30/2019

Credit

100.00

6200 · Automobile Insurance 11/25/2019

6210 · Fuel General Journal Credit Card Charge Credit Card Charge Credit Card Charge

Debit

27.25 125.00 27.50 24.75 28.50 21.50

27.25 152.25 179.75 204.50 233.00 254.50

254.50

0.00

254.50

765.30

27.25

738.05

7.50 18.00 7.50 7.50 18.00 7.50 7.50 25.00 98.50

7.50 25.50 33.00 40.50 58.50 66.00 73.50 98.50 0.00

©McGraw-Hill Education, 2016

98.50

Chapter 7 Reports and Graphs 7. 39

Your Name Project 7 Larry's Landscaping

Profit & Loss Detail October through December 2019

Accrual Basis

Type

Date

Num

Adj

6561 · Payroll Expenses Paycheck 10/06/2019 Paycheck 10/06/2019 Paycheck 10/06/2019 Paycheck 10/20/2019 Paycheck 10/20/2019 Paycheck 10/20/2019 Paycheck 11/03/2019 Paycheck 11/03/2019 Paycheck 11/03/2019 Paycheck 11/17/2019 Paycheck 11/17/2019 Paycheck 11/17/2019 Paycheck 12/01/2019 Paycheck 12/01/2019 Paycheck 12/01/2019 Paycheck 12/15/2019 Paycheck 12/15/2019 Paycheck 12/15/2019 Paycheck 12/15/2019 Paycheck 12/15/2019 Paycheck 12/29/2019 Paycheck 12/29/2019 Paycheck 12/29/2019

Name

Memo

Duncan Fisher Jenny Miller Shane B. Hamby Duncan Fisher Jenny Miller Shane B. Hamby Duncan Fisher Jenny Miller Shane B. Hamby Duncan Fisher Jenny Miller Shane B. Hamby Duncan Fisher Jenny Miller Shane B. Hamby Duncan Fisher Jenny Miller Shane B. Hamby Jenny Miller Shane B. Hamby Duncan Fisher Jenny Miller Shane B. Hamby

Class

Clr

Landscaping Design Overhead Landscaping Design Overhead Landscaping Design Overhead Landscaping Design Overhead Landscaping Design Overhead Landscaping Design Overhead Design Overhead Landscaping Design Overhead

Split Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking

Total 6561 · Payroll Expenses 6600 · Delivery Fee Bill 10/26/2019 Invoice 11/17/2019 Bill 11/18/2019 Bill 11/28/2019 Invoice 12/04/2019 Invoice 12/08/2019 Bill 12/10/2019 Invoice 12/12/2019 Bill 12/13/2019

189-098 103

Golliday Sporting Good... Pretell, Erika:Residential Pretell, Erika:Residential Pretell, Erika:Residential Pretell, Erika:Pretell Es... Heldt, Bob Heldt, Bob Stinson, Tracy Stinson, Tracy

121 123 129

Delivery Fee Delivery Fee Delivery Fee Delivery Fee

Landscaping Landscaping Landscaping Landscaping Landscaping Design Design Landscaping Landscaping

2000 · Accounts ... 1200 · Accounts ... 2000 · Accounts ... 2000 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 2000 · Accounts ... 1200 · Accounts ... 2000 · Accounts ...

1520 · Accumula...

Townley Insurance Ag... Townley Insurance Ag... Townley Insurance Ag... Townley Insurance Ag...

Acct#786-35-00... VOID:

Overhead Overhead Overhead Overhead

Checking Checking Checking Checking

Total 6910 · Disability Check Check Check Check

6920 · Liability 10/05/2019 11/05/2019 12/05/2019 12/05/2019

Townley Insurance Ag... Townley Insurance Ag... Townley Insurance Ag... Townley Insurance Ag...

Acct#786-35-00... VOID:

Overhead Overhead Overhead Overhead

Checking Checking Checking Checking

Total 6920 · Liability Check Check Check Check

6930 · Worker's Comp 10/05/2019 11/05/2019 12/05/2019 12/05/2019

Townley Insurance Ag... Townley Insurance Ag... Townley Insurance Ag... Townley Insurance Ag...

Acct#786-35-00... VOID:

Overhead Overhead Overhead Overhead

Checking Checking Checking Checking

Total 6930 · Worker's Comp 6900 · Insurance - Other General Journal 10/31/2019 General Journal 11/30/2019 General Journal 12/31/2019

* * *

rider policy insu... nov portion of ri...

Prepaid Insurance Prepaid Insurance Prepaid Insurance

Total 6900 · Insurance - Other Total 6900 · Insurance Check Check

6999 · Uncategorized Expenses 10/26/2019 11/15/2019

1082 1104

VOID: VOID:

Checking Checking

Total 6999 · Uncategorized Expenses 7000 · Interest Expense Bill 10/16/2019 Check 10/22/2019 Check 10/28/2019 Bill 11/17/2019 Check 11/22/2019 Check 11/28/2019 Bill 12/16/2019

Great Statewide Bank Bank of Anycity Bank of Anycity Great Statewide Bank Bank of Anycity Bank of Anycity Great Statewide Bank

Overhead Accnt#4467-98... Accnt#4467-66... Overhead Accnt#4467-98... Accnt#4467-66... Overhead

2000 · Accounts ... Checking Checking 2000 · Accounts ... Checking Checking 2000 · Accounts ...

Total 7000 · Interest Expense 7100 · Job Expenses 7110 · Job Materials 7111 · Decks & Patio Bill 10/15/2019 Invoice 11/01/2019 Invoice 11/17/2019 Bill 11/18/2019 Bill 11/28/2019 Invoice 12/04/2019

50.00 50.00

145-63 90 103 121

Jim's Family Store Jim's Family Store Pretell, Erika:Residential Pretell, Erika:Residential Pretell, Erika:Residential Pretell, Erika:Pretell Es...

Redwood deck l... Redwood deck l... Rough Lumber Rough Lumber Rough Lumber Rough Lumber

Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping

2000 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 2000 · Accounts ... 2000 · Accounts ... 1200 · Accounts ...

7112 · Fountains & Garden Lighting 11/03/2019 125-7896 11/18/2019

Custom rock fo... -MULTIPLE-

Total 7112 · Fountains & Garden Lighting

Computer Accounting with QuickBooks 2015 by Donna Kay

Landscaping Landscaping

2000 · Accounts ... 2000 · Accounts ...

15.00 575.00

0.00

575.00

50.00 50.00 50.00 0.00

50.00 100.00 150.00 150.00 0.00

150.00

285.00 285.00 285.00 0.00

285.00 570.00 855.00 855.00 0.00

855.00

210.00 210.00 210.00 0.00

210.00 420.00 630.00 630.00 0.00

630.00

100.00 100.00 100.00

100.00 200.00 300.00

300.00

0.00

300.00

1,935.00

0.00

1,935.00

0.00 0.00

0.00 0.00 0.00

0.00

66.77 28.95 117.01 60.97 27.52 114.57 55.12

66.77 95.72 212.73 273.70 301.22 415.79 470.91 0.00

450.00

470.91

300.00

450.00 0.00 -1,375.00 0.00 300.00 0.00

2,125.00

0.00

450.00 1,375.00 1,375.00 300.00 2,125.00

Robert Carr Masonry -MULTIPLE-

125.00

575.00

470.91

Total 7111 · Decks & Patio Bill Bill

25.00 25.00

0.00 14 1459 1461 15 1460 1462 16

15.00 -10.00 15.00 40.00 15.00 -10.00 15.00 -35.00 15.00

25.00

630.00 A106 A107 A109

43,384.51

25.00

855.00 1068 1094 1125 1124

0.00

15.00

150.00 1068 1094 1125 1124

1,485.57 3,286.64 5,563.84 7,105.13 8,906.20 11,183.41 12,668.98 14,470.04 16,747.25 18,316.40 20,117.47 22,394.68 23,880.25 25,681.33 27,958.54 29,444.11 31,245.18 33,522.38 35,433.45 37,820.65 39,306.22 41,107.30 43,384.51

25.00 25.00

575.00

1068 1094 1125 1124

Balance

1,485.57 1,801.07 2,277.20 1,541.29 1,801.07 2,277.21 1,485.57 1,801.06 2,277.21 1,569.15 1,801.07 2,277.21 1,485.57 1,801.08 2,277.21 1,485.57 1,801.07 2,277.20 1,911.07 2,387.20 1,485.57 1,801.08 2,277.21

140.00 A108

Total 6700 · Depreciation 6900 · Insurance 6910 · Disability Check 10/05/2019 Check 11/05/2019 Check 12/05/2019 Check 12/05/2019

Credit

43,384.51

Total 6600 · Delivery Fee 6700 · Depreciation General Journal 12/31/2019

Debit

675.00 475.00 1,150.00

675.00 1,150.00 0.00

©McGraw-Hill Education, 2016

1,150.00

7. 40

Exploring QuickBooks with Rock Castle Construction

Your Name Project 7 Larry's Landscaping

Profit & Loss Detail October through December 2019

Accrual Basis

Type Bill Bill Invoice Bill Bill Credit Bill Invoice Bill

Date 7113 · Plants & Sod 10/05/2019 10/15/2019 10/20/2019 10/26/2019 10/26/2019 11/29/2019 12/03/2019 12/08/2019 12/22/2019

Num

73 189-098 123

Adj

Name

Memo

Class

Crenshaw, Bob Crenshaw, Bob Crenshaw, Bob Ecker Design -MULTIPLEGussman's Nursery Middlefield Elementary... Heldt, Bob -MULTIPLE-

Plants and shru... Fruit Tree - Geo... 1V-2345-00 -MULTIPLEAcct #1V-2345-... Ground Cover Fruit Tree - Plu... -MULTIPLE-

Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping Landscaping

Clr

Split 2000 · Accounts ... 2000 · Accounts ... 1200 · Accounts ... 2000 · Accounts ... 2000 · Accounts ... 2000 · Accounts ... 2000 · Accounts ... 1200 · Accounts ... 2000 · Accounts ...

Total 7113 · Plants & Sod Total 7110 · Job Materials

Debit

Credit

Balance

210.00 240.00 110.00 375.00 332.25 25.00 45.00 165.00 147.00

210.00 450.00 340.00 715.00 1,047.25 1,022.25 1,067.25 902.25 1,049.25

1,349.25

300.00

1,049.25

4,624.25

2,425.00

2,199.25

7130 · Permits Check Invoice Bill Invoice

10/15/2019 10/15/2019 11/25/2019 11/30/2019

1076 71 110

Jim's Family Store Jim's Family Store Leon, Richard Leon, Richard

Building permit ... Permit from Cit...

Design Design Landscaping Landscaping

Checking 1200 · Accounts ... 2000 · Accounts ... 1200 · Accounts ...

Total 7130 · Permits Bill Bill Invoice Invoice Bill Invoice Invoice Bill

7140 · Subcontractors 10/04/2019 10/11/2019 10/20/2019 11/09/2019 11/20/2019 11/30/2019 12/01/2019 12/04/2019

75 93 110 119 SCL-12...

Crenshaw, Bob -MULTIPLEWilliams, Abraham Ecker Design Leon, Richard Leon, Richard Theurer-Davis, Vicki:Irr... Theurer-Davis, Vicki:Irr...

Design work for...

Contract Labor ... Contract Labor ...

Design Design Design Design Design Design Landscaping Landscaping

2000 · Accounts ... 2000 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 2000 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 2000 · Accounts ...

Total 7140 · Subcontractors

7250 · Mileage Reimbursement Paycheck 10/06/2019 Paycheck 10/20/2019 Paycheck 11/03/2019 Paycheck 11/17/2019 Paycheck 12/01/2019 Paycheck 12/15/2019 Paycheck 12/15/2019 Paycheck 12/29/2019

Jenny Miller Jenny Miller Jenny Miller Jenny Miller Jenny Miller Jenny Miller Jenny Miller Jenny Miller

Design Design Design Design Design Design Design Design

7300 · Office Supplies 12/18/2019

7320 · Computer Supplies 12/17/2019

Bill

1,150.00 800.00 800.00 3,375.00

375.00

8,544.25

5,970.00

2,574.25

0.00 Special Order

Checking

250.00

1465

Computer Services by ...

External Hard D...

Checking

127.00

250.00

127.00

7400 · Professional Fees 7420 · Legal 11/25/2019

Smallson & Associates

Overhead

2000 · Accounts ...

Mike Scopellite

Professional De...

Checking

Total 7430 · Professional Design Fees Total 7400 · Professional Fees

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 250.00

0.00

250.00 127.00

0.00

375.00 375.00

7430 · Professional Design Fees 12/17/2019 1466

375.00 1,800.00 950.00 375.00 1,525.00 375.00 -425.00 375.00

3,750.00

Sowers Office Equipm...

Total 7420 · Legal Check

1,150.00

1467

Total 7320 · Computer Supplies

0.00

850.00 575.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total 7300 · Office Supplies Check

170.00

375.00 1,425.00

Checking Checking Checking Checking Checking Checking Checking Checking

Total 7250 · Mileage Reimbursement

125.00

45.00 0.00 125.00 0.00

45.00

170.00

Total 7100 · Job Expenses

Check

45.00 125.00

127.00

375.00 0.00

360.00

375.00 360.00

360.00

0.00

360.00

735.00

0.00

735.00

7500 · Rent Check Check Check Check

10/01/2019 11/01/2019 12/01/2019 12/18/2019

1067 1091 1118 1468

Nye Properties Nye Properties Nye Properties Nye Properties

Overhead Overhead Overhead Rent

Checking Checking Checking Checking

Total 7500 · Rent

3,200.00

7550 · Repairs 7552 · Computer Repairs Check 12/16/2019

1464

Computer Services by ...

Computer Repair

Checking

Total 7552 · Computer Repairs Mendoza Mechanical

QBCC Field Office

Total 7553 · Equipment Repairs Total 7550 · Repairs 7700 · Tools and Misc. Equipment Bill 10/15/2019 145-63 Invoice 11/01/2019 90 Check 11/18/2019 Bill 11/27/2019 Credit Card Charge 11/30/2019

Jim's Family Store Jim's Family Store ATM Withdrawal Nolan Hardware and S... Mendoza Mechanical

Misc. Supplies Misc. Supplies

Landscaping Landscaping Overhead Landscaping

2000 · Accounts ... 1200 · Accounts ... Checking 2000 · Accounts ... QBCC Home Off...

Total 7700 · Tools and Misc. Equipment 7750 · Utilities 7751 · Gas and Electric 10/14/2019 11/14/2019 12/14/2019

10/03 11/03 12/03

Overhead Overhead Overhead

2000 · Accounts ... 2000 · Accounts ... 2000 · Accounts ...

Total 7751 · Gas and Electric

0.00

3,200.00

180.00 0.00

45.00

180.00 45.00

45.00

0.00

45.00

225.00

0.00

225.00

18.95 18.95 100.00 610.00 25.00 753.95

Cal Gas & Electric Cal Gas & Electric Cal Gas & Electric

800.00 1,600.00 2,400.00 3,200.00

180.00 180.00

7553 · Equipment Repairs Credit Card Charge 11/25/2019

Bill Bill Bill

800.00 800.00 800.00 800.00

18.95

140.47 146.45 137.50 424.42

18.95 0.00 100.00 710.00 735.00 735.00

140.47 286.92 424.42 0.00

424.42

7752 · Water Bill Bill Bill

10/04/2019 11/04/2019 12/04/2019

10/03 11/03 12/03

Bayshore Water Bayshore Water Bayshore Water

Acct #370C-99... Acct #370C-99... Acct #370C-99...

Total 7752 · Water

Computer Accounting with QuickBooks 2015 by Donna Kay

Overhead Overhead Overhead

2000 · Accounts ... 2000 · Accounts ... 2000 · Accounts ...

29.85 28.05 23.27 81.17

29.85 57.90 81.17 0.00

©McGraw-Hill Education, 2016

81.17

Chapter 7 Reports and Graphs 7. 41

Your Name Project 7 Larry's Landscaping

Profit & Loss Detail October through December 2019

Accrual Basis

Type Bill Check Bill

Date

7753 · Telephone 10/15/2019 11/15/2019 12/15/2019

Num 10/03 1102 12/03

Adj

Name Cal Telephone Cal Telephone Cal Telephone

Memo (415)555-4567 (415)555-4567

Class Overhead Overhead Overhead

Clr

Split 2000 · Accounts ... Checking 2000 · Accounts ...

Total 7753 · Telephone

Debit

Credit

Balance

45.00 59.96 45.00

45.00 104.96 149.96

149.96

0.00

655.55

0.00

655.55

Total Expense

61,959.97

6,141.20

55,818.77

Net Ordinary Income

66,908.45

74,169.83

7,261.38

42.50 720.00

42.50 762.50

762.50

20.16 8.77 5.00 5.00 5.00 5.00 16.03 16.58 9.57

20.16 28.93 33.93 38.93 43.93 48.93 64.96 81.54 91.11

Total 7750 · Utilities

Other Income/Expense Other Income Misc Income Sales Receipt Sales Receipt

10/20/2019 11/30/2019

9 19

Wood's Garden Cafe Jasmine Park

In-ground signs... In-ground signs...

Checking Checking

Total Misc Income 8000 · Interest Income Invoice 10/31/2019 Invoice 10/31/2019 Invoice 10/31/2019 Invoice 11/30/2019 Invoice 11/30/2019 Invoice 11/30/2019 Invoice 12/10/2019 Invoice 12/10/2019 Invoice 12/10/2019

0.00 FC 2 FC 3 FC 4 FC 5 FC 6 FC 7 FC 8 FC 9 FC 10

Balak, Mike:Residential Chapman, Natalie Morearty, Brian Balak, Mike:Residential Chapman, Natalie Morearty, Brian Crenshaw, Bob Hughes, David Williams, Abraham

Finance Charge... Finance Charge... Finance Charge... Finance Charge... Finance Charge... Finance Charge... Finance Charge... Finance Charge... Finance Charge...

Total 8000 · Interest Income Total Other Income Net Other Income Net Income

Computer Accounting with QuickBooks 2015 by Donna Kay

Landscaping Landscaping Landscaping

1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ... 1200 · Accounts ...

149.96

0.00

91.11

0.00

853.61

0.00

853.61

66,908.45

75,023.44

8,114.99

©McGraw-Hill Education, 2016

7. 42

Exploring QuickBooks with Rock Castle Construction

PROJECT 7 BALANCE SHEET

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Your Name Project 7 Larry's Landscaping

Balance Sheet As of December 31, 2019

Accrual Basis

Dec 31, 19 ASSETS Current Assets Checking/Savings Cash Expenditures Checking Savings

225.23 96,717.97 5,987.50

Total Checking/Savings

102,930.70

Accounts Receivable 1200 · Accounts Receivable

33,884.10

Total Accounts Receivable

33,884.10

Other Current Assets Employee advances Prepaid Insurance 1300 · Inventory Asset 1400 · Undeposited Funds

100.00 400.00 7,253.34 110.00

Total Other Current Assets

7,863.34

Total Current Assets Fixed Assets 1500 · Truck 1510 · Original Purchase 1520 · Accumulated Depreciation Total 1500 · Truck Total Fixed Assets TOTAL ASSETS

144,678.14

13,750.00 -2,300.00 11,450.00 11,450.00 156,128.14

LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000 · Accounts Payable

1,910.15 1,910.15

Total Accounts Payable Credit Cards QuickBooks Credit Card QBCC Field Office QBCC Home Office Total QuickBooks Credit Card 2100 · CalOil Card

45.00 25.00 70.00 1,403.99

Total Credit Cards

1,473.99

Other Current Liabilities Payments on Account 2102 · Payroll Liabilities 2300 · Sales Tax Payable

-1,520.00 6,990.46 2,094.19

Total Other Current Liabilities

7,564.65

Total Current Liabilities

10,948.79

Long Term Liabilities Bank of Anycity Loan Equipment Loan 2400 · Bank Loan

19,932.65 3,911.32 5,369.06

Total Long Term Liabilities

29,213.03

Total Liabilities

Computer Accounting with QuickBooks 2015 by Donna Kay

40,161.82

©McGraw-Hill Education, 2016

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Chapter 7 Reports and Graphs 7. 43

Your Name Project 7 Larry's Landscaping

Balance Sheet As of December 31, 2019

Accrual Basis

Dec 31, 19 Equity 3000 · Owner's Equity 3010 · Owner's Draw 3020 · Owner's Contributions

-5,000.00 1,000.00

Total 3000 · Owner's Equity

-4,000.00

3100 · Retained Earnings 3200 · Opening Bal Equity Net Income

-40,118.74 151,970.07 8,114.99

Total Equity TOTAL LIABILITIES & EQUITY

Computer Accounting with QuickBooks 2015 by Donna Kay

115,966.32 156,128.14

©McGraw-Hill Education, 2016

7. 44

Exploring QuickBooks with Rock Castle Construction

PROJECT 7 BALANCE SHEET VERTICAL ANALYSIS

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 45

Your Name Project 7 Larry's Landscaping

Balance Sheet As of December 31, 2019

Accrual Basis

Equity 3000 · Owner's Equity 3010 · Owner's Draw 3020 · Owner's Contributions

Dec 31, 19

% of Column

-5,000.00 1,000.00

-3.2% 0.6%

Total 3000 · Owner's Equity

-4,000.00

-2.6%

3100 · Retained Earnings 3200 · Opening Bal Equity Net Income

-40,118.74 151,970.07 8,114.99

-25.7% 97.3% 5.2%

Total Equity TOTAL LIABILITIES & EQUITY

Computer Accounting with QuickBooks 2015 by Donna Kay

115,966.32

74.3%

156,128.14

100.0%

©McGraw-Hill Education, 2016

7. 46

Exploring QuickBooks with Rock Castle Construction

PROJECT 7 GENERAL LEDGER

! Accrual Basis Type Barter Account Payment Bill Pmt -Check

Your Name Project 7 Larry's Landscaping

General Ledger As of December 31, 2019 Date

12/15/2019 12/15/2019

Total Barter Account Cash Expenditures Total Cash Expenditures Checking Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Deposit Paycheck Paycheck Paycheck Paycheck Paycheck Deposit Check Deposit Check Check Deposit Check Check Deposit Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Paycheck Paycheck Paycheck

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/16/2019 12/16/2019 12/17/2019 12/17/2019 12/17/2019 12/18/2019 12/18/2019 12/18/2019 12/21/2019 12/23/2019 12/23/2019 12/23/2019 12/23/2019 12/29/2019 12/29/2019 12/29/2019

Total Checking Savings Total Savings

1200 · Accounts Receivable Invoice 12/15/2019 Invoice 12/15/2019 Payment 12/15/2019 Payment 12/15/2019 Payment 12/15/2019 Invoice 12/19/2019 Payment 12/19/2019 Invoice 12/20/2019 Invoice 12/20/2019 Payment 12/20/2019 Payment 12/21/2019

Num

Adj

Name

Memo

Split

DJ's Computers Computer Services b...

See Bill #20001 Acct. 1JK90

1200 · Account... 2000 · Account...

Prepaid Insurance General Journal

12/31/2019

Total Prepaid Insurance 1300 · Inventory Asset Sales Receipt Item Receipt Bill

12/19/2019 12/22/2019 12/23/2019

Total 1300 · Inventory Asset

1400 · Undeposited Funds Deposit 12/15/2019 Payment 12/15/2019 Payment 12/15/2019 Sales Receipt 12/19/2019 Payment 12/19/2019 Sales Receipt 12/20/2019 Payment 12/20/2019 Sales Receipt 12/21/2019 Payment 12/21/2019 Deposit 12/21/2019

Credit

Balance

110.00 110.00 110.00

110.00

0.00 110.00 0.00 0.00 225.23 225.23

Middlefield Nursery Patio & Desk Designs Sena Lumber & Buil... Smallson & Associates Conner Garden Sup... Mike Scopellite

09876 DE-0918 2907 R 594 1099-12385 Deposit

Duncan Fisher Jenny Miller Shane B. Hamby Jenny Miller Shane B. Hamby 1464

Computer Services b...

1465 1466

Computer Services b... Mike Scopellite

1467 1468

Sowers Office Equip... Nye Properties Conner Garden Sup... Great Statewide Bank Gussman's Nursery Townley Insurance A... Duncan Fisher Jenny Miller Shane B. Hamby

Deposit Computer Re... Deposit External Hard ... Professional ... Deposit Special Order Rent Deposit

Policy #86-60...

2000 · Account... 2000 · Account... 2000 · Account... 2000 · Account... 2000 · Account... 2000 · Account... -SPLIT-SPLIT-SPLIT-SPLIT-SPLIT-SPLIT-SPLIT7552 · Comput... 4300 · Other In... 7320 · Comput... 7430 · Professi... -SPLIT7300 · Office S... 7500 · Rent -SPLIT2000 · Account... 2000 · Account... 2000 · Account... 2000 · Account... -SPLIT-SPLIT-SPLIT-

12.00 699.12 147.00 427.62 1,154.75 1,275.02 1,664.10

109,225.58 108,985.58 107,710.58 105,985.58 105,610.58 102,775.58 101,975.58 106,010.58 104,900.56 103,700.39 102,093.52 100,861.46 99,225.02 100,495.02 100,315.02 100,895.02 100,768.02 100,408.02 100,895.02 100,645.02 99,845.02 102,097.58 102,085.58 101,386.46 101,239.46 100,811.84 99,657.09 98,382.07 96,717.97

21,132.17

96,717.97

240.00 1,275.00 1,725.00 375.00 2,835.00 800.00 4,035.00 1,110.02 1,200.17 1,606.87 1,232.06 1,636.44 1,270.00 180.00 580.00 127.00 360.00 487.00 250.00 800.00 2,252.56

8,624.56

5,987.50 5,987.50 131 132

Ecker Design DJ's Computers DJ's Computers Adam's Candy Shop Julie's Doll House Loomis, Anne Rummens, Susie:72... Russell Chiropractic Price, Gwen Heldt, Bob Balak, Mike:330 Mai...

142 321 143 144 823 1281

Barter - Bill #2... See Bill #20001

-SPLIT-SPLITBarter Account 1400 · Undepo... 1400 · Undepo... -SPLIT1400 · Undepo... -SPLIT-SPLIT1400 · Undepo... 1400 · Undepo...

Total 1200 · Accounts Receivable Employee advances Total Employee advances

Debit

1,825.92 180.00

35,797.02 35,920.02 36,030.02 35,920.02 35,880.02 35,810.02 35,870.02 35,735.02 35,810.02 35,890.02 34,064.10 33,884.10

2,360.92

33,884.10

123.00 110.00 110.00 40.00 70.00 60.00 135.00 75.00 80.00

448.00

100.00 100.00 A109

6900 · Insurance

100.00 0.00

Heldt, Bob Nolan Hardware and... Conner Garden Sup...

Fountain pump -MULTIPLE1/2" Vinyl Irrig...

1400 · Undepo... 2000 · Account... 2000 · Account...

53.94 358.20 12.00 370.20

6322 21 321 22 823 23 1281

-MULTIPLEAdam's Candy Shop Julie's Doll House Heldt, Bob Rummens, Susie Stinson, Tracy Heldt, Bob Perry, Dave Balak, Mike -MULTIPLE-

Deposit

Total 1400 · Undeposited Funds

1500 · Truck 1510 · Original Purchase Total 1510 · Original Purchase

Computer Accounting with QuickBooks 2015 by Donna Kay

Checking 1200 · Account... 1200 · Account... -SPLIT1200 · Account... -SPLIT1200 · Account... -SPLIT1200 · Account... Checking

100.00

53.94 4,035.00

40.00 70.00 80.81 135.00 10.06 1,825.92 20.77 180.00 2,252.56 2,362.56

6,287.56

500.00 400.00 400.00 6,937.08 6,883.14 7,241.34 7,253.34 7,253.34 4,035.00 0.00 40.00 110.00 190.81 325.81 335.87 2,161.79 2,182.56 2,362.56 110.00 110.00 12,025.00 13,750.00 13,750.00

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 47 Your Name Project 7 Larry's Landscaping

General Ledger Accrual Basis Type

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

As of December 31, 2019 Date

1520 · Accumulated Depreciation General Journal 12/31/2019

Num A108

Adj

Name

Memo

Split

2000 · Accounts Payable Bill Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Item Receipt Bill Bill Bill Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check

12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/16/2019 12/22/2019 12/22/2019 12/23/2019 12/23/2019 12/23/2019 12/23/2019 12/23/2019 12/23/2019

12/03

1 16

Cal Telephone Middlefield Nursery Patio & Desk Designs Sena Lumber & Buil... Smallson & Associates Conner Garden Sup... Mike Scopellite Computer Services b... Great Statewide Bank Nolan Hardware and... Gussman's Nursery Conner Garden Sup... Sult Advertising Conner Garden Sup... Great Statewide Bank Gussman's Nursery Townley Insurance A...

Monthly Service 09876 DE-0918 2907 R 594 1099-12385 Acct. 1JK90 Received item...

Policy #86-60...

7753 · Telepho... Checking Checking Checking Checking Checking Checking Barter Account -SPLIT-SPLIT-SPLIT1300 · Inventor... 6000 · Advertisi... Checking Checking Checking Checking

Total 2000 · Accounts Payable QuickBooks Credit Card QBCC Field Office Total QBCC Field Office

Credit

6700 · Depreci...

Total 1520 · Accumulated Depreciation Total 1500 · Truck

Debit

Balance -1,725.00 -2,300.00

575.00 0.00

575.00

-2,300.00

0.00

575.00

11,450.00 -9,194.57 -9,239.57 -8,999.57 -7,724.57 -5,999.57 -5,624.57 -2,789.57 -1,989.57 -1,879.57 -2,578.69 -2,936.89 -3,083.89 -3,095.89 -3,195.89 -3,183.89 -2,484.77 -2,337.77 -1,910.15

45.00 240.00 1,275.00 1,725.00 375.00 2,835.00 800.00 110.00 699.12 358.20 147.00 12.00 100.00 12.00 699.12 147.00 427.62 8,645.74

1,361.32

-1,910.15 -70.00 -45.00 -45.00 -25.00 -25.00

QBCC Home Office Total QBCC Home Office

Total QuickBooks Credit Card 2100 · CalOil Card Total 2100 · CalOil Card Payments on Account Total Payments on Account 2102 · Payroll Liabilities Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck

-70.00 -1,403.99 -1,403.99 1,520.00 1,520.00

12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/29/2019 12/29/2019 12/29/2019 12/29/2019 12/29/2019 12/29/2019

Duncan Fisher Duncan Fisher Jenny Miller Jenny Miller Shane B. Hamby Shane B. Hamby Jenny Miller Jenny Miller Shane B. Hamby Shane B. Hamby Duncan Fisher Duncan Fisher Jenny Miller Jenny Miller Shane B. Hamby Shane B. Hamby

Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking Checking

Total 2102 · Payroll Liabilities

2300 · Sales Tax Payable Invoice 12/15/2019 Invoice 12/15/2019 Sales Receipt 12/19/2019 Invoice 12/19/2019 Sales Receipt 12/20/2019 Invoice 12/20/2019 Invoice 12/20/2019 Sales Receipt 12/21/2019

State Board of Equal... State Board of Equal... State Board of Equal... State Board of Equal... State Board of Equal... State Board of Equal... State Board of Equal... State Board of Equal...

Sales Tax - S... CA sales tax, ... Sales Tax - S... Sales Tax - S... CA sales tax, ... Sales Tax - S... Sales Tax - S... CA sales tax, ...

1200 · Account... 1200 · Account... 1400 · Undepo... 1200 · Account... 1400 · Undepo... 1200 · Account... 1200 · Account... 1400 · Undepo...

Total 2300 · Sales Tax Payable Bank of Anycity Loan Total Bank of Anycity Loan Equipment Loan Total Equipment Loan 2400 · Bank Loan Bill Total 2400 · Bank Loan

12/16/2019

600.90 0.00 670.33 0.00 679.01 0.00 750.76 0.00 330.82 0.00 526.06 0.00 613.11 0.00 0.00

131 132 21 142 22 143 144 23

-2,443.92 -2,819.47 -2,819.47 -3,420.37 -3,420.37 -4,090.70 -4,090.70 -4,769.71 -4,769.71 -5,520.47 -5,520.47 -5,851.29 -5,851.29 -6,377.35 -6,377.35 -6,990.46 -6,990.46

375.55 0.00

4,546.54

-6,990.46 -2,086.50 -2,086.50 -2,086.50 -2,092.31 -2,092.31 -2,092.92 -2,092.92 -2,092.92 -2,094.19

0.00 0.00 5.81 0.00 0.61 0.00 0.00 1.27 0.00

7.69

-2,094.19 -19,932.65 -19,932.65 -3,911.32 -3,911.32

Great Statewide Bank

2000 · Account...

-6,013.06 -5,369.06

644.00 644.00

0.00

3020 · Owner's Contributions Deposit 12/16/2019

-5,369.06 5,000.00 5,000.00 5,000.00

3000 · Owner's Equity 3010 · Owner's Draw Total 3010 · Owner's Draw

1558

Larry Wadford

Owner Invest...

Total 3020 · Owner's Contributions Total 3000 · Owner's Equity

Computer Accounting with QuickBooks 2015 by Donna Kay

1,000.00

0.00 -1,000.00

0.00

1,000.00

-1,000.00

0.00

1,000.00

4,000.00

Checking

©McGraw-Hill Education, 2016

7. 48

Exploring QuickBooks with Rock Castle Construction Your Name Project 7 Larry's Landscaping

General Ledger As of December 31, 2019

Accrual Basis Type

3200 · Opening Bal Equity Total 3200 · Opening Bal Equity Retail Sales Sales Receipt

12/20/2019

Total Retail Sales Service Invoice

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Date

3100 · Retained Earnings Total 3100 · Retained Earnings

12/20/2019

Total Service

4100 · Landscaping Services 4000 · Design Services Invoice 12/15/2019 Total 4000 · Design Services 4110 · Job Materials Misc Materials Total Misc Materials

Num

Adj

Name

Memo

Split

Debit

Credit

Balance 40,118.74 40,118.74 -151,970.07 -151,970.07

Stinson, Tracy

Lawn & Garde...

1400 · Undepo... 0.00

144

Price, Gwen

Tree Removal...

1200 · Account... 0.00

132

DJ's Computers

Custom Lands...

-383.03 -392.48

9.45

1200 · Account... 0.00

9.45

-392.48

80.00

-6,640.00 -6,720.00

80.00

-6,720.00

110.00

-57,627.36 -13,400.00 -13,510.00

110.00

-13,510.00 -16,218.86 -141.30 -141.30 -45.00 -45.00

4111 · Decks & Patios Total 4111 · Decks & Patios

4112 · Fountains & Garden Lighting Sales Receipt 12/19/2019 21

Heldt, Bob

Fountain pump

1400 · Undepo...

Total 4112 · Fountains & Garden Lighting 4113 · Plants and Sod Sales Receipt 12/21/2019

0.00 Perry, Dave

Garden rocks

1400 · Undepo...

Total 4113 · Plants and Sod

0.00

75.00

-6,803.40 -6,878.40

75.00

-6,878.40

19.50

-5,341.95 -5,361.45

19.50

-5,361.45 -3,887.21 -3,887.21

4114 · Sprinklers & Drip systems Total 4114 · Sprinklers & Drip systems Total 4110 · Job Materials

4120 · Labor 4121 · Installation Invoice 12/15/2019 Invoice 12/20/2019 Total 4121 · Installation

4122 · Maintenance & Repairs Invoice 12/15/2019 Invoice 12/19/2019

0.00

131 143

Ecker Design Russell Chiropractic

Weekly garde... Weekly garde...

1200 · Account... 1200 · Account... 0.00

131 142

Ecker Design Loomis, Anne

Pest control s... Pest control s...

1200 · Account... 1200 · Account...

Total 4122 · Maintenance & Repairs Total 4120 · Labor

Total 4100 · Landscaping Services 4300 · Other Income Deposit Deposit Deposit

12/16/2019 12/17/2019 12/18/2019

Total 4300 · Other Income 4400 · Markup Income Total 4400 · Markup Income

5000 · Cost of Goods Sold Sales Receipt 12/19/2019 Total 5000 · Cost of Goods Sold 6000 · Advertising Bill Total 6000 · Advertising 6200 · Automobile Insurance Total Insurance 6210 · Fuel Total 6210 · Fuel

12/23/2019

2200

Gussman's Nursery Conner Garden Sup... -MULTIPLE-

Storage Renta... Storage Renta... -MULTIPLE-

94.50

-16,313.36

67.00 75.00

-28,008.50 -24,500.00 -24,567.00 -24,642.00

142.00

-24,642.00

56.00 60.00

-3,508.50 -3,564.50 -3,624.50

0.00

116.00

-3,624.50

0.00

258.00

-28,266.50

0.00

462.50

-58,089.86

270.00 580.00 487.00

0.00 -270.00 -850.00 -1,337.00

1,337.00

-1,337.00

Checking Checking Checking 0.00

-815.00 -815.00 21

Heldt, Bob

Fountain pump

1400 · Undepo...

53.94 Sult Advertising

2000 · Account...

4,220.25 4,274.19

53.94 0.00

4,274.19 0.00 100.00

100.00 100.00

0.00

738.05 427.62 427.62 55.93 55.93 254.50 254.50

6220 · Maintenance & Repairs Total 6220 · Maintenance & Repairs Total 6200 · Automobile

738.05 98.50 98.50

6400 · Bank Service Charges Total 6400 · Bank Service Charges

Computer Accounting with QuickBooks 2015 by Donna Kay

100.00

©McGraw-Hill Education, 2016

Chapter 7 Reports and Graphs 7. 49 Your Name Project 7 Larry's Landscaping

General Ledger Accrual Basis Type 6561 · Payroll Expenses Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck Paycheck

Date

Num

Adj

12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/15/2019 12/29/2019 12/29/2019 12/29/2019

Total 6561 · Payroll Expenses 6600 · Delivery Fee Total 6600 · Delivery Fee 6700 · Depreciation General Journal

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

As of December 31, 2019

12/31/2019

Total 6700 · Depreciation 6900 · Insurance 6910 · Disability Total 6910 · Disability 6920 · Liability Total 6920 · Liability

Name

Memo

Duncan Fisher Jenny Miller Shane B. Hamby Jenny Miller Shane B. Hamby Duncan Fisher Jenny Miller Shane B. Hamby

Split Checking Checking Checking Checking Checking Checking Checking Checking

Debit

Credit

Balance 27,958.54 29,444.11 31,245.18 33,522.38 35,433.45 37,820.65 39,306.22 41,107.30 43,384.51

1,485.57 1,801.07 2,277.20 1,911.07 2,387.20 1,485.57 1,801.08 2,277.21 15,425.97

0.00

15.00 15.00 A108

1520 · Accumul...

0.00 575.00

575.00 575.00

0.00

855.00 855.00 630.00 630.00 A109

Prepaid Insura...

Total 6900 · Insurance - Other Total 6900 · Insurance 7000 · Interest Expense Bill

12/16/2019

Total 7000 · Interest Expense

Great Statewide Bank

2000 · Account...

200.00 300.00

100.00 100.00

0.00

300.00

100.00

0.00

1,935.00 415.79 470.91

55.12 55.12

0.00

7113 · Plants & Sod Bill 12/22/2019

-MULTIPLE-

2000 · Account...

Total 7113 · Plants & Sod

902.25 1,049.25

147.00 147.00

0.00

1,049.25

147.00

0.00

2,199.25 375.00 375.00

7140 · Subcontractors Total 7140 · Subcontractors Total 7100 · Job Expenses

147.00

7250 · Mileage Reimbursement Paycheck 12/15/2019 Paycheck 12/15/2019 Paycheck 12/29/2019

Jenny Miller Jenny Miller Jenny Miller

Checking Checking Checking

Total 7250 · Mileage Reimbursement 7300 · Office Supplies Check Total 7300 · Office Supplies

12/18/2019

7320 · Computer Supplies Check 12/17/2019

1467

Sowers Office Equip...

Special Order

Checking

Computer Services b...

External Hard ...

Checking

7430 · Professional Design Fees Check 12/17/2019

Total 7500 · Rent

7550 · Repairs 7552 · Computer Repairs Check 12/16/2019

0.00 0.00 250.00

0.00

250.00 0.00 127.00

0.00

127.00 375.00 375.00 375.00

1466

Mike Scopellite

Professional ...

Checking

Total 7430 · Professional Design Fees

12/18/2019

0.00

127.00 127.00

Total 7400 · Professional Fees 7500 · Rent Check

2,574.25 0.00 0.00 0.00 0.00

250.00 250.00

1465

0.00

0.00 0.00 0.00 0.00

Total 7320 · Computer Supplies 7400 · Professional Fees 7420 · Legal Total 7420 · Legal

470.91 2,427.25 2,052.25 1,150.00 1,150.00

7100 · Job Expenses 7110 · Job Materials 7112 · Fountains & Garden Lighting Total 7112 · Fountains & Garden Lighting

Total 7110 · Job Materials

575.00 1,835.00 150.00 150.00

6930 · Worker's Comp Total 6930 · Worker's Comp

6900 · Insurance - Other General Journal 12/31/2019

43,384.51

1468

Nye Properties

Rent

Checking

360.00

0.00

360.00

0.00

735.00

Computer Services b...

Computer Re...

Total 7552 · Computer Repairs

Computer Accounting with QuickBooks 2015 by Donna Kay

Checking

2,400.00 3,200.00

800.00 800.00

1464

0.00 360.00

360.00

0.00

45.00 0.00 180.00

180.00 180.00

3,200.00

0.00

180.00

©McGraw-Hill Education, 2016

7. 50

Exploring QuickBooks with Rock Castle Construction

Accrual Basis Type

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Date

Your Name Project 7 Larry's Landscaping

General Ledger As of December 31, 2019 Num

Adj

Name

Memo

Split

Debit

Credit

Balance 45.00 45.00

7553 · Equipment Repairs Total 7553 · Equipment Repairs Total 7550 · Repairs

180.00

0.00

225.00

7700 · Tools and Misc. Equipment Total 7700 · Tools and Misc. Equipment

735.00 735.00

7750 · Utilities 7751 · Gas and Electric Total 7751 · Gas and Electric

610.55 424.42 424.42

7752 · Water Total 7752 · Water 7753 · Telephone Bill

12/15/2019

Total 7753 · Telephone Total 7750 · Utilities Misc Income Total Misc Income 8000 · Interest Income Total 8000 · Interest Income TOTAL

81.17 81.17 12/03

Cal Telephone

(415)555-4567

Computer Accounting with QuickBooks 2015 by Donna Kay

2000 · Account...

104.96 149.96

45.00 45.00

0.00

149.96

45.00

0.00

655.55 -762.50 -762.50 -91.11 -91.11

39,424.09

©McGraw-Hill Education, 2016

0.00

CHAPTER 8!

! ! !

NEW COMPANY SETUP ! INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

8. 2

Exploring QuickBooks with Rock Castle Construction

CHAPTER 8 QUICK CHECK

CHAPTER 8 £ * Customer List £ * Vendor List £ * Item List £ * Chart of Accounts (Account Listing) EXERCISE 8.1 £ * Task 2: Chart of Accounts (Account Listing) EXERCISE 8.2 £ * Task 3: Customer List EXERCISE 8.3 £ * Task 2: Vendor List EXERCISE 8.4 £ * Task 2: Item List EXERCISE 8.5 £ sba.gov Printout

PROJECT 8 QUICK CHECK PROJECT 8 £ £ £ £

* Chart of Accounts * Customer List * Vendor List * Item List

! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 8 New Company Setup 8. 3

CHAPTER 8 CUSTOMER LIST

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

8. 4

Exploring QuickBooks with Rock Castle Construction

! CHAPTER 8 VENDOR LIST

! ! CHAPTER 8 ITEM LIST

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 8 New Company Setup 8. 5

! CHAPTER 8 CHART OF ACCOUNTS (ACCOUNT LISTING)

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

8. 6

Exploring QuickBooks with Rock Castle Construction

! EXERCISE 8.1 TASK 2 CHART OF ACCOUNTS (ACCOUNT LISTING)

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 8 New Company Setup 8. 7

! EXERCISE 8.2 TASK 3 CUSTOMER LIST

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

8. 8

Exploring QuickBooks with Rock Castle Construction

! EXERCISE 8.3 TASK 2 VENDOR LIST

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 8 New Company Setup 8. 9

! EXERCISE 8.4 TASK 2 ITEM LIST

! ! ! ! ! ! ! EXERCISE 8.5 SGA.GOV PRINTOUT The student is to search the sba.gov website and print the information that they think would be most useful to an entrepreneur starting a new business.

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

8. 10

Exploring QuickBooks with Rock Castle Construction

PROJECT 8 CHART OF ACCOUNTS

! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 8 New Company Setup 8. 11

PROJECT 8 CUSTOMER LIST

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

8. 12

Exploring QuickBooks with Rock Castle Construction

! PROJECT 8 VENDOR LIST

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 8 New Company Setup 8. 13

PROJECT 8 ITEM LIST

! ! ! ! ! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

CHAPTER 9!

! ! !

ACCOUNTING ! FOR A SERVICE COMPANY

INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

9. 2

Exploring QuickBooks with Rock Castle Construction

CHAPTER 9 QUICK CHECK CHAPTER 9 Deposit Summary £ Check No. 501 £ Check Nos. 502 & 503 £ Invoice No. 1 £ Deposit Summary £ £ * Trial Balance £ * Adjusting Entry EXERCISE 9.1 Task 2: Checks £ £ * Task 3: Check Detail EXERCISE 9.2 Task 2: Invoices and Deposit Summaries £ £ * Task 3: Deposit Detail EXERCISE 9.3 £ * Task 2: Trial Balance £ * Task 4: Adjusting Entries £ * Task 5: Adjusted Trial Balance EXERCISE 9.4 £ * Task 2: General Ledger £ * Task 3: Profit & Loss £ * Task 3: Balance Sheet £ * Task 3: Statement of Cash Flows

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

! ! ! !

Chapter 9 Accounting for a Service Company 9. 3

EXERCISE 9.6 £ * Task 2: Chart of Accounts (Account Listing) £ * Task 3: Customer List £ * Task 4: Vendor List £ * Task 5: Item List Task 6: Invoices, Checks & Deposit Summaries £ £ * Task 7: Check Detail £ * Task 7: Deposit Detail £ * Task 8: Journal £ * Task 9: Adjusted Trial Balance £ * Task 9: General Ledger £ * Task 9: Profit & Loss £ * Task 9: Balance Sheet £ * Task 9: Statement of Cash Flows EXERCISE 9.7 Schedule C-EZ £

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 4

Exploring QuickBooks with Rock Castle Construction

PROJECT 9 QUICK CHECK PROJECT 9 £ * Deposit Detail £ * Check Detail £ * Trial Balance £ * Adjusting Entries £ * Adjusted Trial Balance £ * General Ledger £ * Profit & Loss £ * Balance Sheet £ * Statement of Cash Flows

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 5

CHAPTER 9 DEPOSIT SUMMARY

! ! CHAPTER 9 CHECK NO. 501

! !

! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 6

Exploring QuickBooks with Rock Castle Construction

! CHAPTER 9 CHECK NOS. 502 & 503

! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 7

CHAPTER 9 INVOICE NO. 1

Invoice

YourName Chapter 9 Paint Palette 127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

1/31/2020

Bill To Beneficio, Katrina 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Terms

Project Dining Room

Quantity

Description

Rate

Amount 300.00

Total Reimbursable Expenses Markup Total Reimbursable Expenses 82 Labor: Mural Painting

40.00% 40.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

300.00 300.00 120.00 420.00 3,280.00

$3,700.00

©McGraw-Hill Education, 2016

9. 8

Exploring QuickBooks with Rock Castle Construction

9 DEPOSIT SUMMARY

CHAPTER 9 TRIAL BALANCE

YourName Chapter 9 Paint Palette

Trial Balance As of December 31, 2020

Accrual Basis

Dec 31, 20 Debit Credit Checking 11000 · Accounts Receivable 12000 · Undeposited Funds 14100 · Computer:14200 · Computer Cost 14400 · Equipment:14500 · Equipment Cost 21000 · Accounts Payable 30000 · Opening Balance Equity 47900 · Sales 64800 · Paint Supplies Expense 67100 · Rent Expense TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

7,200.00 0.00 0.00 1,500.00 500.00 0.00 6,000.00 3,400.00 0.00 200.00 9,400.00

9,400.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 9

CHAPTER 9 ADJUSTING ENTRY

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 10

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.1 TASK 2 CHECKS

! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 11

! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 12

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 13

! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 14

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 9 Accounting for a Service Company 9. 15

©McGraw-Hill Education, 2016

9. 16

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.1 TASK 3 CHECK DETAIL

YourName Exercise 9.1 Paint Palette

Check Detail January through December 2020 Type Check

Num 501

Date 01/01/2020

Name Cornell Technologies

Item

Account Checking 14200 · Computer Cost

TOTAL Bill Pmt -Check

502

Bill Bill

02/04/2020

Brewer Paint Supplies

Checking

01/03/2020 01/04/2020

Beneficio, Katrina:Dini...

64800 · Paint Supplie... 14500 · Equipment C...

TOTAL Bill Pmt -Check

503

Bill

02/04/2020

Hartzheim Leasing

01/04/2020

67100 · Rent Expense

504

Bill

02/28/2020

Hartzheim Leasing

02/01/2020

Bill Pmt -Check

505

Bill

67100 · Rent Expense

03/30/2020

Hartzheim Leasing

03/01/2020

506

Bill

04/30/2020

67100 · Rent Expense

Brewer Paint Supplies

04/04/2020

507

Bill

04/30/2020

64800 · Paint Supplie...

Hartzheim Leasing

04/01/2020

508

Bill

05/30/2020

67100 · Rent Expense

Hartzheim Leasing

05/01/2020

509

Bill

06/30/2020

67100 · Rent Expense

Hartzheim Leasing

06/01/2020

510

Bill

67100 · Rent Expense

07/30/2020

Brewer Paint Supplies

07/01/2020

Bill

511

07/30/2020

Hartzheim Leasing

07/01/2020

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

800.00 -200.00

-200.00

200.00

-200.00

200.00 -200.00

-200.00

200.00

-200.00

200.00 -200.00

-200.00

200.00

-200.00

200.00 -50.00

-50.00

50.00

-50.00

50.00 -200.00

-200.00

200.00

-200.00

200.00 -200.00

-200.00

200.00

-200.00

200.00 -200.00

-200.00

200.00

-200.00

200.00

Checking 64800 · Paint Supplie...

TOTAL Bill Pmt -Check

-800.00

Checking

TOTAL Bill Pmt -Check

300.00 500.00

Checking

TOTAL Bill Pmt -Check

-800.00 -300.00 -500.00

Checking

TOTAL Bill Pmt -Check

1,500.00

Checking

TOTAL Bill Pmt -Check

1,500.00

-1,500.00

Checking

TOTAL Bill Pmt -Check

-1,500.00

Checking

TOTAL

-100.00 -100.00

100.00

-100.00

100.00

Checking 67100 · Rent Expense

Original Amount -1,500.00

Checking

TOTAL Bill Pmt -Check

Paid Amount

-200.00 -200.00

200.00

-200.00

200.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 17

YourName Exercise 9.1 Paint Palette

Check Detail January through December 2020 Type Bill Pmt -Check

Num 512

Bill

Date 08/30/2020

Name Hartzheim Leasing

08/01/2020

Item

Account Checking 67100 · Rent Expense

TOTAL Bill Pmt -Check

513

Bill

09/30/2020

Brewer Paint Supplies

09/02/2020

514

Bill

09/30/2020

64800 · Paint Supplie...

Hartzheim Leasing

09/01/2020

515

Bill

10/30/2020

67100 · Rent Expense

Hartzheim Leasing

10/01/2020

516

Bill

11/30/2020

67100 · Rent Expense

Hartzheim Leasing

11/01/2020

Bill

517

12/30/2020

67100 · Rent Expense

Hartzheim Leasing

12/01/2020

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

-200.00

200.00 -75.00

-75.00

75.00

-75.00

75.00 -200.00

-200.00

200.00

-200.00

200.00 -200.00

-200.00

200.00

-200.00

200.00

Checking

TOTAL Bill Pmt -Check

200.00

Checking

TOTAL Bill Pmt -Check

-200.00 -200.00

Checking

TOTAL Bill Pmt -Check

Original Amount

Checking

TOTAL Bill Pmt -Check

Paid Amount

-200.00 -200.00

200.00

-200.00

200.00

Checking 67100 · Rent Expense

-200.00 -200.00

200.00

-200.00

200.00

©McGraw-Hill Education, 2016

9. 18

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.2 TASK 2 INVOICES AND DEPOSIT SUMMARIES

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 19

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 20

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName Exercise 9.2 Paint Palette 127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

3/31/2020

Bill To Beneficio, Katrina 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Terms

Project Dining Room

Quantity

Description

Rate

84 Labor: Mural Painting

40.00

Total Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 3,360.00

$3,360.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 21

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 22

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName Exercise 9.2 Paint Palette 127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

4/30/2020

Bill To Tom M Whalen 100 Sunset Drive Bayshore, CA 94326

P.O. No.

Quantity

Description

Terms

Project

Net 30

Foyer Rate

80 Labor: Faux Painting

40.00

Total Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 3,200.00

$3,200.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 23

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 24

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName Exercise 9.2 Paint Palette 127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

5/31/2020

Bill To Tom M Whalen 100 Sunset Drive Bayshore, CA 94326

P.O. No.

Quantity

Description

Terms

Project

Net 30

Foyer Rate

75 Labor: Faux Painting

40.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 3,000.00

$3,000.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 25

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 26

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName Exercise 9.2 Paint Palette 127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

6/30/2020

Bill To Beneficio, Katrina 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Terms

Project Vaulted Kitchen

Quantity

Description

Rate

100 Labor: Mural Painting

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 40.00

4,000.00

$4,000.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 27

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 28

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName Exercise 9.2 Paint Palette 127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

7/31/2020

Bill To Beneficio, Katrina 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Terms

Project Vaulted Kitchen

Quantity

Description

Rate

90 Labor: Mural Painting

40.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 3,600.00

$3,600.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 29

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 30

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName Exercise 9.2 Paint Palette 127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

8/31/2020

Bill To Beneficio, Katrina 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Terms

Project Vaulted Kitchen

Quantity

Description

Rate

92 Labor: Mural Painting

40.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 3,680.00

$3,680.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 31

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 32

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName Exercise 9.2 Paint Palette 127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

10/31/2020

Bill To Tom M Whalen 100 Sunset Drive Bayshore, CA 94326

P.O. No.

Quantity

Description

Terms

Project

Net 30

Screen Porch Rate

85 Labor: Mural Painting

40.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 3,400.00

$3,400.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 33

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 34

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName Exercise 9.2 Paint Palette 127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

11/30/2020

Bill To Tom M Whalen 100 Sunset Drive Bayshore, CA 94326

P.O. No.

Quantity

Description

Terms

Project

Net 30

Screen Porch Rate

87 Labor: Mural Painting

40.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 3,480.00

$3,480.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 35

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 36

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.2 TASK 3 DEPOSIT DETAIL

YourName Exercise 9.2 Paint Palette

Deposit Detail January through December 2020 Type

Num

Deposit

Date

Name

01/01/2020 YourName

Account

Amount

Checking

6,000.00

30000 · Opening Bal...

-6,000.00

TOTAL

-6,000.00

Deposit Payment

02/04/2020 555

02/04/2020

Beneficio, Katrina:Di...

Checking

3,700.00

12000 · Undeposited...

-3,700.00

TOTAL

-3,700.00

Deposit Payment

03/15/2020 675

03/15/2020

Beneficio, Katrina:Di...

Checking

3,440.00

12000 · Undeposited...

-3,440.00

TOTAL

-3,440.00

Deposit Payment

04/15/2020 690

04/15/2020

Beneficio, Katrina:Di...

Checking

3,360.00

12000 · Undeposited...

-3,360.00

TOTAL

-3,360.00

Deposit Payment

05/15/2020 432

05/15/2020

Whalen, Tom:Foyer

Checking

3,200.00

12000 · Undeposited...

-3,200.00

TOTAL

-3,200.00

Deposit Payment

06/15/2020 455

06/15/2020

Whalen, Tom:Foyer

Checking

3,000.00

12000 · Undeposited...

-3,000.00

TOTAL

-3,000.00

Deposit Payment

07/15/2020 733

07/15/2020

Beneficio, Katrina:V...

Checking

4,000.00

12000 · Undeposited...

-4,000.00

TOTAL

-4,000.00

Deposit Payment

08/15/2020 750

08/15/2020

Beneficio, Katrina:V...

Checking

3,600.00

12000 · Undeposited...

-3,600.00

TOTAL

-3,600.00

Deposit Payment

09/15/2020 782

09/15/2020

Beneficio, Katrina:V...

Checking

3,680.00

12000 · Undeposited...

-3,680.00

TOTAL

-3,680.00

Deposit Payment

11/15/2020 685

11/15/2020

Whalen, Tom:Scree...

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

Checking

3,400.00

12000 · Undeposited...

-3,400.00 -3,400.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 37

YourName Exercise 9.2 Paint Palette

Deposit Detail January through December 2020 Type

Num

Deposit Payment

Date

Name

12/15/2020 725

12/15/2020

Whalen, Tom:Scree...

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

Account

Amount

Checking

3,480.00

12000 · Undeposited...

-3,480.00 -3,480.00

©McGraw-Hill Education, 2016

9. 38

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.3 TASK 2 TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

YourName Exercise 9.3 Paint Palette

Trial Balance As of December 31, 2020

Accrual Basis

Dec 31, 20 Debit Credit Checking 11000 · Accounts Receivable 12000 · Undeposited Funds 14100 · Computer:14200 · Computer Cost 14100 · Computer:14300 · Accumulated Depr Computer 14400 · Equipment:14500 · Equipment Cost 21000 · Accounts Payable 30000 · Opening Balance Equity 47900 · Sales 64800 · Paint Supplies Expense 65300 · Depr Expense Computer 67100 · Rent Expense TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

35,935.00 0.00 0.00 1,500.00 500.00 500.00 50.00 6,000.00 34,560.00 275.00 500.00 2,400.00 41,110.00

41,110.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 39

! EXERCISE 9.3 TASK 4 ADJUSTING ENTRIES

YourName Exercise 9.3 Paint Palette

Adjusting Journal Entries December 31, 2020

Accrual Basis Date 12/31/2020

Num

Name

Memo

ADJ1

Account 65300 · Depr Expense... 14300 · Accumulated ...

Debit 500.00

500.00 500.00

12/31/2020

ADJ2

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

65600 · Depr Expense... 14600 · Acc Depr Equi...

Credit

500.00

100.00 100.00 100.00

100.00

600.00

©McGraw-Hill Education, 2016

9. 40

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.3 TASK 5 ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 41

EXERCISE 9.4 TASK 2 GENERAL LEDGER

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

YourName Exercise 9.4 Paint Palette

General Ledger As of December 31, 2020

Accrual Basis Type

Checking Deposit Check Bill Pmt -Check Bill Pmt -Check Deposit Bill Pmt -Check Deposit Bill Pmt -Check Deposit Bill Pmt -Check Bill Pmt -Check Deposit Bill Pmt -Check Deposit Bill Pmt -Check Deposit Bill Pmt -Check Bill Pmt -Check Deposit Bill Pmt -Check Deposit Bill Pmt -Check Bill Pmt -Check Bill Pmt -Check Deposit Bill Pmt -Check Deposit Bill Pmt -Check

Date 01/01/2020 01/01/2020 02/04/2020 02/04/2020 02/04/2020 02/28/2020 03/15/2020 03/30/2020 04/15/2020 04/30/2020 04/30/2020 05/15/2020 05/30/2020 06/15/2020 06/30/2020 07/15/2020 07/30/2020 07/30/2020 08/15/2020 08/30/2020 09/15/2020 09/30/2020 09/30/2020 10/30/2020 11/15/2020 11/30/2020 12/15/2020 12/30/2020

Num

Adj

Name

501 502 503

Cornell Technologies Brewer Paint Supplies Hartzheim Leasing

504

Hartzheim Leasing

505

Hartzheim Leasing

506 507

Brewer Paint Supplies Hartzheim Leasing

508

Hartzheim Leasing

509

Hartzheim Leasing

510 511

Brewer Paint Supplies Hartzheim Leasing

512

Hartzheim Leasing

513 514 515

Brewer Paint Supplies Hartzheim Leasing Hartzheim Leasing

516

Hartzheim Leasing

517

Hartzheim Leasing

Memo Deposit 2002 2003 Deposit 2003 Deposit 2003 Deposit 2003 Deposit 2003 Deposit 2003 Deposit 2003 Deposit 2003 Deposit 2003 2003 Deposit 2003 Deposit 2003

Split 30000 · Openin... 14200 · Compu... 21000 · Accou... 21000 · Accou... 12000 · Undep... 21000 · Accou... 12000 · Undep... 21000 · Accou... 12000 · Undep... 21000 · Accou... 21000 · Accou... 12000 · Undep... 21000 · Accou... 12000 · Undep... 21000 · Accou... 12000 · Undep... 21000 · Accou... 21000 · Accou... 12000 · Undep... 21000 · Accou... 12000 · Undep... 21000 · Accou... 21000 · Accou... 21000 · Accou... 12000 · Undep... 21000 · Accou... 12000 · Undep... 21000 · Accou...

Total Checking 11000 · Accounts Receivable Invoice 01/31/2020 Payment 02/04/2020 Invoice 02/28/2020 Payment 03/15/2020 Invoice 03/31/2020 Payment 04/15/2020 Invoice 04/30/2020 Payment 05/15/2020 Invoice 05/31/2020 Payment 06/15/2020 Invoice 06/30/2020 Payment 07/15/2020 Invoice 07/31/2020 Payment 08/15/2020 Invoice 08/31/2020 Payment 09/15/2020 Invoice 10/31/2020 Payment 11/15/2020 Invoice 11/30/2020 Payment 12/15/2020

1 555 2 675 3 690 4 432 5 455 6 733 7 750 8 782 9 685 10 725

Beneficio, Katrina:Di... Beneficio, Katrina:Di... Beneficio, Katrina:Di... Beneficio, Katrina:Di... Beneficio, Katrina:Di... Beneficio, Katrina:Di... Whalen, Tom:Foyer Whalen, Tom:Foyer Whalen, Tom:Foyer Whalen, Tom:Foyer Beneficio, Katrina:Va... Beneficio, Katrina:Va... Beneficio, Katrina:Va... Beneficio, Katrina:Va... Beneficio, Katrina:Va... Beneficio, Katrina:Va... Whalen, Tom:Scree... Whalen, Tom:Scree... Whalen, Tom:Scree... Whalen, Tom:Scree...

-SPLIT12000 · Undep... 47900 · Sales 12000 · Undep... 47900 · Sales 12000 · Undep... 47900 · Sales 12000 · Undep... 47900 · Sales 12000 · Undep... 47900 · Sales 12000 · Undep... 47900 · Sales 12000 · Undep... 47900 · Sales 12000 · Undep... 47900 · Sales 12000 · Undep... 47900 · Sales 12000 · Undep...

555 555 675 675 690 690 432 432 455 455 733 733 750 750 782 782 685 685 725 725

Deposit Deposit Deposit Deposit Deposit Deposit Deposit Deposit Deposit Deposit

11000 · Accou... Checking 11000 · Accou... Checking 11000 · Accou... Checking 11000 · Accou... Checking 11000 · Accou... Checking 11000 · Accou... Checking 11000 · Accou... Checking 11000 · Accou... Checking 11000 · Accou... Checking 11000 · Accou... Checking

501

Cornell Technologies

2002

Checking

14300 · Accumulated Depr Computer General Journal 12/31/2020

Total 14300 · Accumulated Depr Computer

Total 14100 · Computer

Computer Accounting with QuickBooks 2015 by Donna Kay

4,925.00

35,935.00

3,700.00 200.00 3,440.00 200.00 3,360.00 50.00 200.00 3,200.00 200.00 3,000.00 200.00 4,000.00 100.00 200.00 3,600.00 200.00 3,680.00 75.00 200.00 200.00 3,400.00 200.00 3,480.00

3,700.00 3,700.00 3,440.00 3,440.00 3,360.00 3,360.00 3,200.00 3,200.00 3,000.00 3,000.00 4,000.00 4,000.00 3,600.00 3,600.00 3,680.00 3,680.00 3,400.00 3,400.00 3,480.00 3,480.00 34,860.00

65300 · Depr E...

0.00 3,700.00 0.00 3,440.00 0.00 3,360.00 0.00 3,200.00 0.00 3,000.00 0.00 4,000.00 0.00 3,600.00 0.00 3,680.00 0.00 3,400.00 0.00 3,480.00 0.00 0.00 0.00 3,700.00 0.00 3,440.00 0.00 3,360.00 0.00 3,200.00 0.00 3,000.00 0.00 4,000.00 0.00 3,600.00 0.00 3,680.00 0.00 3,400.00 0.00 3,480.00 0.00 0.00 0.00 0.00 1,500.00

1,500.00 1,500.00

ADJ1

200.00

0.00 6,000.00 4,500.00 3,700.00 3,500.00 7,200.00 7,000.00 10,440.00 10,240.00 13,600.00 13,550.00 13,350.00 16,550.00 16,350.00 19,350.00 19,150.00 23,150.00 23,050.00 22,850.00 26,450.00 26,250.00 29,930.00 29,855.00 29,655.00 29,455.00 32,855.00 32,655.00 36,135.00 35,935.00

1,500.00 800.00 200.00

34,860.00

Total 14200 · Computer Cost

Balance

6,000.00

34,860.00

Total 12000 · Undeposited Funds 14100 · Computer 14200 · Computer Cost Check 01/01/2020

Credit

40,860.00

Total 11000 · Accounts Receivable 12000 · Undeposited Funds Payment 02/04/2020 Deposit 02/04/2020 Payment 03/15/2020 Deposit 03/15/2020 Payment 04/15/2020 Deposit 04/15/2020 Payment 05/15/2020 Deposit 05/15/2020 Payment 06/15/2020 Deposit 06/15/2020 Payment 07/15/2020 Deposit 07/15/2020 Payment 08/15/2020 Deposit 08/15/2020 Payment 09/15/2020 Deposit 09/15/2020 Payment 11/15/2020 Deposit 11/15/2020 Payment 12/15/2020 Deposit 12/15/2020

Debit

0.00

1,500.00

500.00

0.00 -500.00

0.00

500.00

-500.00

1,500.00

500.00

1,000.00

©McGraw-Hill Education, 2016

9. 42

Exploring QuickBooks with Rock Castle Construction

YourName Exercise 9.4 Paint Palette

General Ledger As of December 31, 2020

Accrual Basis Type

Date

Num

Adj

14400 · Equipment 14500 · Equipment Cost Bill 01/04/2020

Name

Memo

Brewer Paint Supplies

Split

21000 · Accou...

Total 14500 · Equipment Cost 14600 · Acc Depr Equipment General Journal 12/31/2020

ADJ2

Brewer Paint Supplies Brewer Paint Supplies Hartzheim Leasing Hartzheim Leasing Brewer Paint Supplies Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Brewer Paint Supplies Brewer Paint Supplies Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Brewer Paint Supplies Hartzheim Leasing Brewer Paint Supplies Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Brewer Paint Supplies Brewer Paint Supplies Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Brewer Paint Supplies Hartzheim Leasing

502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517

Van lease Van lease 2003 2003 Van lease 2003 Van lease 2003 Van lease 2003 Van lease 2003 Van lease 2003 Van lease 2003 Van lease 2003 Van lease 2003 Van lease 2003 Van lease 2003

64800 · Paint S... 14500 · Equip... 67100 · Rent E... 67100 · Rent E... Checking Checking Checking 67100 · Rent E... Checking 67100 · Rent E... 64800 · Paint S... Checking Checking 67100 · Rent E... Checking 67100 · Rent E... Checking 64800 · Paint S... 67100 · Rent E... Checking Checking 67100 · Rent E... Checking 67100 · Rent E... 64800 · Paint S... Checking Checking 67100 · Rent E... Checking 67100 · Rent E... Checking 67100 · Rent E... 64800 · Paint S... Checking

Total 21000 · Accounts Payable YourName

Invested $6,0...

47900 · Sales Invoice Invoice Invoice Invoice Invoice Invoice Invoice Invoice Invoice Invoice

01/31/2020 02/28/2020 03/31/2020 04/30/2020 05/31/2020 06/30/2020 07/31/2020 08/31/2020 10/31/2020 11/30/2020

1 2 3 4 5 6 7 8 9 10

Beneficio, Katrina:Di... Beneficio, Katrina:Di... Beneficio, Katrina:Di... Whalen, Tom:Foyer Whalen, Tom:Foyer Beneficio, Katrina:Va... Beneficio, Katrina:Va... Beneficio, Katrina:Va... Whalen, Tom:Scree... Whalen, Tom:Scree...

-MULTIPLELabor: Mural ... Labor: Mural ... Labor: Faux P... Labor: Faux P... Labor: Mural ... Labor: Mural ... Labor: Mural ... Labor: Mural ... Labor: Mural ...

0.00

100.00

-100.00

500.00

100.00

400.00

300.00 500.00 200.00 200.00 800.00 200.00 200.00 200.00 200.00 200.00 50.00 50.00 200.00 200.00 200.00 200.00 200.00 100.00 200.00 100.00 200.00 200.00 200.00 200.00 75.00 75.00 200.00 200.00 200.00 200.00 200.00 200.00 50.00 200.00

0.00 Beneficio, Katrina:Di... Beneficio, Katrina:Di... Brewer Paint Supplies Brewer Paint Supplies Brewer Paint Supplies Brewer Paint Supplies

21000 · Accou... 11000 · Accou... 21000 · Accou... 21000 · Accou... 21000 · Accou... 21000 · Accou...

ADJ1

14300 · Accum...

ADJ2

14600 · Acc De...

-50.00

6,000.00

0.00 -6,000.00

6,000.00

-6,000.00

3,400.00 3,440.00 3,360.00 3,200.00 3,000.00 4,000.00 3,600.00 3,680.00 3,400.00 3,480.00

0.00 -3,400.00 -6,840.00 -10,200.00 -13,400.00 -16,400.00 -20,400.00 -24,000.00 -27,680.00 -31,080.00 -34,560.00

34,560.00

-34,560.00

300.00 50.00 100.00 75.00 50.00 300.00

0.00 300.00 0.00 50.00 150.00 225.00 275.00 275.00 0.00 500.00

500.00 500.00

0.00 -300.00 -800.00 -1,000.00 -1,200.00 -400.00 -200.00 0.00 -200.00 0.00 -200.00 -250.00 -200.00 0.00 -200.00 0.00 -200.00 0.00 -100.00 -300.00 -200.00 0.00 -200.00 0.00 -200.00 -275.00 -200.00 0.00 -200.00 0.00 -200.00 0.00 -200.00 -250.00 -50.00

3,475.00

300.00

575.00

Total 65300 · Depr Expense Computer 65600 · Depr Expense Equipment General Journal 12/31/2020

0.00 -100.00

11000 · Accou... 11000 · Accou... 11000 · Accou... 11000 · Accou... 11000 · Accou... 11000 · Accou... 11000 · Accou... 11000 · Accou... 11000 · Accou... 11000 · Accou...

Total 64800 · Paint Supplies Expense 65300 · Depr Expense Computer General Journal 12/31/2020

100.00

0.00

Total 47900 · Sales 64800 · Paint Supplies Expense Bill 01/03/2020 Invoice 01/31/2020 Bill 04/04/2020 Bill 07/01/2020 Bill 09/02/2020 Bill 12/20/2020

500.00

Checking

Total 30000 · Opening Balance Equity

0.00 0.00 500.00 0.00

3,425.00 1001

Balance

500.00

65600 · Depr E...

Total 14600 · Acc Depr Equipment

30000 · Opening Balance Equity Deposit 01/01/2020

Credit

500.00

Total 14400 · Equipment 21000 · Accounts Payable Bill 01/03/2020 Bill 01/04/2020 Bill 01/04/2020 Bill 02/01/2020 Bill Pmt -Check 02/04/2020 Bill Pmt -Check 02/04/2020 Bill Pmt -Check 02/28/2020 Bill 03/01/2020 Bill Pmt -Check 03/30/2020 Bill 04/01/2020 Bill 04/04/2020 Bill Pmt -Check 04/30/2020 Bill Pmt -Check 04/30/2020 Bill 05/01/2020 Bill Pmt -Check 05/30/2020 Bill 06/01/2020 Bill Pmt -Check 06/30/2020 Bill 07/01/2020 Bill 07/01/2020 Bill Pmt -Check 07/30/2020 Bill Pmt -Check 07/30/2020 Bill 08/01/2020 Bill Pmt -Check 08/30/2020 Bill 09/01/2020 Bill 09/02/2020 Bill Pmt -Check 09/30/2020 Bill Pmt -Check 09/30/2020 Bill 10/01/2020 Bill Pmt -Check 10/30/2020 Bill 11/01/2020 Bill Pmt -Check 11/30/2020 Bill 12/01/2020 Bill 12/20/2020 Bill Pmt -Check 12/30/2020

Debit

0.00

500.00 0.00 100.00

100.00

Total 65600 · Depr Expense Equipment

100.00

0.00

100.00

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 43

YourName Exercise 9.4 Paint Palette

General Ledger As of December 31, 2020

Accrual Basis Type 67100 · Rent Expense Bill Bill Bill Bill Bill Bill Bill Bill Bill Bill Bill Bill

Date 01/04/2020 02/01/2020 03/01/2020 04/01/2020 05/01/2020 06/01/2020 07/01/2020 08/01/2020 09/01/2020 10/01/2020 11/01/2020 12/01/2020

Num

Adj

Name Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing Hartzheim Leasing

Memo Van lease Van lease Van lease Van lease Van lease Van lease Van lease Van lease Van lease Van lease Van lease Van lease

Split 21000 · Accou... 21000 · Accou... 21000 · Accou... 21000 · Accou... 21000 · Accou... 21000 · Accou... 21000 · Accou... 21000 · Accou... 21000 · Accou... 21000 · Accou... 21000 · Accou... 21000 · Accou...

Debit

Credit

Balance 0.00 200.00 400.00 600.00 800.00 1,000.00 1,200.00 1,400.00 1,600.00 1,800.00 2,000.00 2,200.00 2,400.00

200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 2,400.00

0.00

2,400.00

TOTAL

119,580.00

0.00

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Total 67100 · Rent Expense

9. 44

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.4 TASK 3 PROFIT & LOSS

YourName Exercise 9.4 Paint Palette

Profit & Loss January through December 2020

Accrual Basis

Jan - Dec 20 Ordinary Income/Expense Income 47900 · Sales

34,560.00

Total Income

34,560.00

Gross Profit

34,560.00

Expense 64800 · Paint Supplies Expense 65300 · Depr Expense Computer 65600 · Depr Expense Equipment 67100 · Rent Expense

275.00 500.00 100.00 2,400.00

Total Expense

3,275.00

Net Ordinary Income

31,285.00

Net Income

Computer Accounting with QuickBooks 2015 by Donna Kay

31,285.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 45

EXERCISE 9.4 TASK 3 BALANCE SHEET

YourName Exercise 9.4 Paint Palette

Balance Sheet As of December 31, 2020

Accrual Basis

Dec 31, 20 ASSETS Current Assets Checking/Savings Checking Total Checking/Savings Total Current Assets Fixed Assets 14100 · Computer 14200 · Computer Cost 14300 · Accumulated Depr Computer Total 14100 · Computer 14400 · Equipment 14500 · Equipment Cost 14600 · Acc Depr Equipment Total 14400 · Equipment Total Fixed Assets TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 21000 · Accounts Payable Total Accounts Payable Total Current Liabilities Total Liabilities

35,935.00 35,935.00 35,935.00

1,500.00 -500.00 1,000.00 500.00 -100.00 400.00 1,400.00 37,335.00

50.00 50.00 50.00 50.00

Equity 30000 · Opening Balance Equity Net Income

6,000.00 31,285.00

Total Equity

37,285.00

TOTAL LIABILITIES & EQUITY

Computer Accounting with QuickBooks 2015 by Donna Kay

37,335.00

©McGraw-Hill Education, 2016

9. 46

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.4 TASK 3 STATEMENT OF CASH FLOWS

! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 47

EXERCISE 9.6 TASK 2 CHART OF ACCOUNTS (ACCOUNT LISTING)

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 48

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.6 TASK 3 CUSTOMER LIST

! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 49

EXERCISE 9.6 TASK 4 VENDOR LIST

! !

! ! !

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 50

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.6 TASK 5 ITEM LIST

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 51

EXERCISE 9.6 TASK 2 INVOICES, CHECKS & DEPOSIT SUMMARIES

! !

! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 52

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName Exercise 9.6 Alexandra LLC 1958 Rue Grand Bayshore, CA 94326

Bill To

Date

Invoice #

1/9/2020

Ship To

Thomas Dent 36 Penny Lane Bayshore, CA 94326

P.O. Number

Terms Net 15

Quantity

Item Code 2 3x5 Rug Cleaning 3 5x7 Rug Cleaning 4 8x10 Rug Cleaning

Rep

Ship

Via

F.O.B.

Project

1/9/2020 Description

Oriental Rugs Price Each

3x5 Oriental Rug Cleaning 5x7 Oriental Rug Cleaning 8x10 Oriental Rug Cleaning

50.00 100.00 150.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 100.00 300.00 600.00

$1,000.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 53

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 54

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.6 TASK 7 CHECK DETAIL

! ! EXERCISE 9.6 TASK 7 DEPOSIT DETAIL

! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 55

EXERCISE 9.6 TASK 8 JOURNAL

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 56

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.6 TASK 9 ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 57

EXERCISE 9.6 TASK 9 GENERAL LEDGER

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Get complete Order files download link below htps://www.mediafire.com/file/04ko49nw4pmk1ib/S M+Computer+Accoun�ng+with+QuickBooks+2015,+17 e+Donna+Kay.zip/file

If this link does not work with a click, then copy the complete Download link and paste link in internet explorer/ﬁrefox/google chrome and get all ﬁles download successfully.

9. 58

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.6 TASK 9 PROFIT & LOSS

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Jan 20 Ordinary Income/Expense Income 47900 · Sales Total Income

1,000.00 1,000.00

Expense 62400 · Depreciation Expense

25.00

64800 · Supplies Expense

100.00

Total Expense Net Ordinary Income Net Income

Computer Accounting with QuickBooks 2015 by Donna Kay

125.00 875.00 875.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 59

EXERCISE 9.6 TASK 9 BALANCE SHEET

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 60

Exploring QuickBooks with Rock Castle Construction

EXERCISE 9.6 TASK 9 STATEMENT OF CASH FLOWS

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 61

EXERCISE 9.7 SCHEDULE C-EZ

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 62

Exploring QuickBooks with Rock Castle Construction

Page 2

Schedule C-EZ (Form 1040) 2013

Instructions

Line F

Future developments. For the latest information about developments related to Schedule C-EZ (Form 1040) and its instructions, such as legislation enacted after they were published, go to www.irs.gov/schedulecez.

See the instructions for line I in the instructions for Schedule C to help determine if you are required to file any Forms 1099.

! F CAUTION

Line 1 Enter gross receipts from your trade or business. Include amounts you received in your trade or business that were properly shown on Form 1099-MISC. If the total amounts that were reported in box 7 of Forms 1099-MISC are more than the total you are reporting on line 1, attach a statement explaining the difference. You must show all items of taxable income actually or constructively received during the year (in cash, property, or services). Income is constructively received when it is credited to your account or set aside for you to use. Do not offset this amount by any losses.

Before you begin, see General Instructions in the 2013 Instructions for Schedule C.

You can use Schedule C-EZ instead of Schedule C if you operated a business or practiced a profession as a sole proprietorship or qualified joint venture, or you were a statutory employee and you have met all the requirements listed in Schedule C-EZ, Part I. For more information on electing to be taxed as a qualified joint venture (including the possible social security benefits of this election), see Qualified Joint Venture in the instructions for Schedule C. You can also go to IRS.gov and enter "qualified joint venture" in the search box.

Line 2 Enter the total amount of all deductible business expenses you actually paid during the year. Examples of these expenses include advertising, car and truck expenses, commissions and fees, insurance, interest, legal and professional services, office expenses, rent or lease expenses, repairs and maintenance, supplies, taxes, travel, the allowable percentage of business meals and entertainment, and utilities (including telephone). For details, see the instructions for Schedule C, Parts II and V. You can use the optional worksheet below to record your expenses. Enter on lines b through f the type and amount of expenses not included on line a. If you claim car or truck expenses, be sure to complete Schedule C-EZ, Part III.

Line A Describe the business or professional activity that provided your principal source of income reported on line 1. Give the general field or activity and the type of product or service.

Line B Enter the six-digit code that identifies your principal business or professional activity. See the instructions for Schedule C for the list of codes.

Line 3

Line D

Nonresident aliens using Form 1040NR should also enter the total on Schedule SE, line 2, if you are covered under the U.S. social security system due to an international social security agreement currently in effect. See the Schedule SE instructions for information on international social security agreements.

Enter on line D the employer identification number (EIN) that was issued to you and in your name as a sole proprietor. If you are filing Form 1041, enter the EIN issued to the estate or trust. Do not enter your SSN. Do not enter another taxpayer’s EIN (for example, from any Forms 1099-MISC that you received). If you are the sole owner of a limited liability company (LLC), do not enter on line D the EIN issued to the LLC, if any. If you do not have an EIN, leave line D blank.

Line 5b Generally, commuting is travel between your home and a work location. If you converted your vehicle during the year from personal to business use (or vice versa), enter your commuting miles only for the period you drove your vehicle for business. For information on certain travel that is considered a business expense rather than commuting, see the Instructions for Form 2106.

You need an EIN only if you have a qualified retirement plan or are required to file an employment, excise, alcohol, tobacco, or firearms tax return, are a payer of gambling winnings, or are filing Form 1041 for an estate or trust. If you need an EIN, see the Instructions for Form SS-4.

Line E Enter your business address. Show a street address instead of a box number. Include the suite or room number, if any.

Optional Worksheet for Line 2 (keep a copy for your records) a

Deductible meals and entertainment (see the instructions for Schedule C, line 24b) .

g Total. Add lines a through f. Enter here and on line 2

g Schedule C-EZ (Form 1040) 2013

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 63

PROJECT 9 DEPOSIT DETAIL

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 64

Exploring QuickBooks with Rock Castle Construction

PROJECT 9 CHECK DETAIL

! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 65

PROJECT 9 TRIAL BALANCE

! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 66

Exploring QuickBooks with Rock Castle Construction

PROJECT 9 ADJUSTING ENTRIES

! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 67

PROJECT 9 ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 68

Exploring QuickBooks with Rock Castle Construction

PROJECT 9 GENERAL LEDGER

! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 69

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 70

Exploring QuickBooks with Rock Castle Construction

PROJECT 9 PROFIT & LOSS

! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 71

PROJECT 9 BALANCE SHEET

! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 72

Exploring QuickBooks with Rock Castle Construction

PROJECT 9 STATEMENT OF CASH FLOWS

! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

CHAPTER 9! QUICKBOOKS CASE 9

! ! !

ACCOUNTING ! FOR A SERVICE COMPANY

INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

9. 2

Exploring QuickBooks with Rock Castle Construction

QUICKBOOKS CASE 9 QUICK CHECK QB CASE 9 £ * Chart of Accounts £ * Customer List £ * Vendor List £ * Item List £ Invoices £ Checks £ Deposit Summaries £ * Deposit Detail £ * Check Detail £ * Adjusting Entries £ * Adjusted Trial Balance £ * General Ledger £ * Profit & Loss £ * Balance Sheet £ * Statement of Cash Flows

! ! ! ! ! ! ! ! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 3

QB CASE 9 CHART OF ACCOUNTS

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 4

Exploring QuickBooks with Rock Castle Construction

QB CASE 9 CUSTOMER LIST

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 5

QB CASE 9 VENDOR LIST

! ! ! ! ! ! ! !

! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 6

Exploring QuickBooks with Rock Castle Construction

! QB CASE 9 ITEM LIST

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 7

QB CASE 9 INVOICES

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

4/30/2020

Bill To Katrina Beneficio 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Date 4/1/2020 4/15/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn Rate

6 Lawn Mowing 6 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

150.00 150.00

$300.00

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

©McGraw-Hill Education, 2016

9. 8

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

4/30/2020

Bill To Rock Castle Construction Rock Castle 1735 County Road Bayshore, CA 94326

P.O. No.

Date 4/4/2020 4/19/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

8 Lawn Mowing 8 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

200.00 200.00

$400.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 9

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

4/30/2020

Bill To Tom Whalen 100 Sunset Drive Bayshore, CA 94326

P.O. No.

Date 4/8/2020 4/22/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn Rate

4 Lawn Mowing 4 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

100.00 100.00

$200.00

©McGraw-Hill Education, 2016

9. 10

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

5/30/2020

Bill To Katrina Beneficio 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Date 5/1/2020 5/15/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn Rate

6 Lawn Mowing 6 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

150.00 150.00

$300.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 11

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

5/30/2020

Bill To Rock Castle Construction Rock Castle 1735 County Road Bayshore, CA 94326

P.O. No.

Date 5/4/2020 5/19/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

8 Lawn Mowing 8 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

200.00 200.00

$400.00

©McGraw-Hill Education, 2016

9. 12

Exploring QuickBooks with Rock Castle Construction

! Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

5/30/2020

Bill To Tom Whalen 100 Sunset Drive Bayshore, CA 94326

P.O. No.

Date 5/8/2020 5/22/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn Rate

4 Lawn Mowing 4 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

100.00 100.00

$200.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 13

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

6/30/2020

Bill To Katrina Beneficio 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Date

Item

6/1/2020 6/2/2020 6/15/2020

Mowing Trim Shrubs Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

6 Lawn Mowing 7 Trim Shrubs 6 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 30.00 25.00

150.00 210.00 150.00

$510.00

©McGraw-Hill Education, 2016

9. 14

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

6/30/2020

Bill To Rock Castle Construction Rock Castle 1735 County Road Bayshore, CA 94326

P.O. No.

Date

Item

6/4/2020 6/5/2020 6/19/2020

Mowing Trim Shrubs Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

8 Lawn Mowing 9 Trim Shrubs 8 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 30.00 25.00

200.00 270.00 200.00

$670.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 15

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

6/30/2020

Bill To Tom Whalen 100 Sunset Drive Bayshore, CA 94326

P.O. No.

Date

Item

6/8/2020 6/9/2020 6/22/2020

Mowing Trim Shrubs Mowing

Quantity

Description

Terms

Project

Net 30

Lawn &Shrubs Rate

4 Lawn Mowing 3 Trim Shrubs 4 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 30.00 25.00

100.00 90.00 100.00

$290.00

©McGraw-Hill Education, 2016

9. 16

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

7/31/2020

Bill To Katrina Beneficio 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Date 7/1/2020 7/15/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

6 Lawn Mowing 6 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

150.00 150.00

$300.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 17

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

7/31/2020

Bill To Rock Castle Construction Rock Castle 1735 County Road Bayshore, CA 94326

P.O. No.

Date 7/4/2020 7/19/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

8 Lawn Mowing 8 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

200.00 200.00

$400.00

©McGraw-Hill Education, 2016

9. 18

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

7/31/2020

Bill To Tom Whalen 100 Sunset Drive Bayshore, CA 94326

P.O. No.

Date 7/8/2020 7/22/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn &Shrubs Rate

4 Lawn Mowing 4 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

100.00 100.00

$200.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 19

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

8/31/2020

Bill To Katrina Beneficio 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Date 8/1/2020 8/15/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

6 Lawn Mowing 6 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

150.00 150.00

$300.00

©McGraw-Hill Education, 2016

9. 20

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

8/31/2020

Bill To Rock Castle Construction Rock Castle 1735 County Road Bayshore, CA 94326

P.O. No.

Date 8/4/2020 8/19/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

8 Lawn Mowing 8 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

200.00 200.00

$400.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 21

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

8/31/2020

Bill To Tom Whalen 100 Sunset Drive Bayshore, CA 94326

P.O. No.

Date 8/8/2020 8/22/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn &Shrubs Rate

4 Lawn Mowing 4 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

100.00 100.00

$200.00

©McGraw-Hill Education, 2016

9. 22

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

9/30/2020

Bill To Katrina Beneficio 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Date 9/1/2020 9/15/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

6 Lawn Mowing 6 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

150.00 150.00

$300.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 23

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

9/30/2020

Bill To Rock Castle Construction Rock Castle 1735 County Road Bayshore, CA 94326

P.O. No.

Date 9/4/2020 9/19/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

8 Lawn Mowing 8 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

200.00 200.00

$400.00

©McGraw-Hill Education, 2016

9. 24

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

9/30/2020

Bill To Tom Whalen 100 Sunset Drive Bayshore, CA 94326

P.O. No.

Date 9/8/2020 9/22/2020

Item Mowing Mowing

Quantity

Description

Terms

Project

Net 30

Lawn &Shrubs Rate

4 Lawn Mowing 4 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 25.00

100.00 100.00

$200.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 25

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

10/31/2020

Bill To Katrina Beneficio 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Date

Item

10/1/2020 10/2/2020 10/15/2020

Mowing Trim Shrubs Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

6 Lawn Mowing 7 Trim Shrubs 6 Lawn Mowing

25.00 30.00 25.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 150.00 210.00 150.00

$510.00

©McGraw-Hill Education, 2016

9. 26

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

10/31/2020

Bill To Rock Castle Construction Rock Castle 1735 County Road Bayshore, CA 94326

P.O. No.

Date

Item

10/4/2020 10/5/2020 10/19/2020

Mowing Trim Shrubs Mowing

Quantity

Description

Terms

Project

Net 30

Lawn & Shrubs Rate

8 Lawn Mowing 9 Trim Shrubs 8 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 30.00 25.00

200.00 270.00 200.00

$670.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 27

! Invoice

YourName QB Case 9 Tuscany Landscapes 2300 Olive Boulevard Bayshore, CA 94326

Date

Invoice #

10/31/2020

Bill To Tom Whalen 100 Sunset Drive Bayshore, CA 94326

P.O. No.

Date

Item

10/8/2020 10/9/2020 10/22/2020

Mowing Trim Shrubs Mowing

Quantity

Description

Terms

Project

Net 30

Lawn &Shrubs Rate

4 Lawn Mowing 3 Trim Shrubs 4 Lawn Mowing

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 25.00 30.00 25.00

100.00 90.00 100.00

$290.00

©McGraw-Hill Education, 2016

9. 28

Exploring QuickBooks with Rock Castle Construction

QB CASE 9 DEPOSIT SUMMARIES

! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 9 Accounting for a Service Company 9. 29

©McGraw-Hill Education, 2016

9. 30

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 31

QB CASE 9 CHECKS

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 32

Exploring QuickBooks with Rock Castle Construction

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 9 Accounting for a Service Company 9. 33

©McGraw-Hill Education, 2016

9. 34

Exploring QuickBooks with Rock Castle Construction

QB CASE 9 DEPOSIT DETAIL

Type

Num

Deposit

Date

Name

01/01/2020 Tomaso Moltissimo

Account

Amount

Checking

1,500.00

30000 · Opening Balance Equity

-1,500.00

TOTAL

-1,500.00 Deposit

05/15/2020

Checking

900.00

Payment 755

05/15/2020 Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

-300.00

Payment 645

05/15/2020 Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

-200.00

Payment 1068

05/15/2020 Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

-400.00

TOTAL

-900.00 Deposit

06/15/2020

Checking

900.00

Payment 895

06/15/2020 Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

-300.00

Payment 698

06/15/2020 Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

-200.00

Payment 1100

06/15/2020 Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

-400.00

TOTAL

-900.00 Deposit

07/15/2020

Checking

1,470.00

Payment 910

07/15/2020 Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

-510.00

Payment 715

07/15/2020 Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

-290.00

Payment 1200

07/15/2020 Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

TOTAL

-670.00 -1,470.00

Deposit

08/15/2020

Checking

900.00

Payment 935

08/15/2020 Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

-300.00

Payment 742

08/15/2020 Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

-200.00

Payment 1300

08/15/2020 Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

-400.00

TOTAL

-900.00 Deposit

09/15/2020

Checking

900.00

Payment 934

09/15/2020 Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

-300.00

Payment 746

09/15/2020 Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

-200.00

Payment 1400

09/15/2020 Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

-400.00

TOTAL

-900.00 Deposit

10/15/2020

Checking

900.00

Payment 956

10/15/2020 Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

-300.00

Payment 755

10/15/2020 Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

-200.00

Payment 1500

10/15/2020 Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

-400.00

TOTAL

-900.00 Deposit

11/15/2020

Payment 967

11/15/2020 Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

-510.00

Payment 765

11/15/2020 Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

-290.00

Payment 1600

11/15/2020 Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

Checking

1,470.00

-670.00 -1,470.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 35

QB CASE 9 CHECK DETAIL

Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 36

Exploring QuickBooks with Rock Castle Construction

QB CASE 9 ADJUSTING ENTRIES

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 37

QB CASE 9 ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

©McGraw-Hill Education, 2016

9. 38

Exploring QuickBooks with Rock Castle Construction

! QB CASE 9 GENERAL LEDGER

Type

Date

Num Adj

Name

Memo

Split

Debit

Credit

Checking

Balance 0.00

Deposit Check

01/01/2020 02/01/2020 501

Deposit

1,500.00

14100 · Mower Cost

800.00

700.00

03/20/2020 502

AB Gas Station

4001

20000 · Accounts Payable

100.00

600.00

Bill Pmt -Check

03/20/2020 503

Mower Sales & Repair

4002

20000 · Accounts Payable

200.00

400.00

Deposit

-SPLIT-

AB Gas Station

4001

20000 · Accounts Payable

100.00

1,200.00

Deposit

-SPLIT-

AB Gas Station

4001

20000 · Accounts Payable

100.00

2,000.00

Deposit

-SPLIT-

AB Gas Station

4001

20000 · Accounts Payable

100.00

3,370.00

Deposit

-SPLIT-

AB Gas Station

4001

20000 · Accounts Payable

100.00

4,170.00

Deposit

-SPLIT-

AB Gas Station

4001

20000 · Accounts Payable

100.00

4,970.00

Deposit

-SPLIT-

AB Gas Station

4001

20000 · Accounts Payable

50.00

5,820.00

Deposit

-SPLIT-

05/15/2020

Bill Pmt -Check

05/30/2020 504

Deposit

06/15/2020

Bill Pmt -Check

06/30/2020 505

Deposit

07/15/2020

Bill Pmt -Check

07/31/2020 506

Deposit

08/15/2020

Bill Pmt -Check

08/31/2020 507

Deposit

09/15/2020

Bill Pmt -Check

09/30/2020 508

Deposit

10/15/2020

Bill Pmt -Check

10/31/2020 509

Deposit

11/15/2020

4002

1,500.00

Bill Pmt -Check Deposit

Mower Sales & Repair

30000 · Opening Balance Equity

900.00

1,300.00

900.00

2,100.00

1,470.00

3,470.00

900.00

4,270.00

900.00

5,070.00

900.00

5,870.00

1,470.00

Total Checking

8,940.00

7,290.00 1,650.00

11000 · Accounts Receivable

7,290.00 0.00

Invoice

04/30/2020 1

Beneficio, Katrina:Lawn & Shrubs

-SPLIT-

300.00

Invoice

04/30/2020 2

Rock Castle Construction:Lawn & Shrubs

-SPLIT-

400.00

Invoice

04/30/2020 3

Whalen, Tom:Lawn &Shrubs

-SPLIT-

200.00

Payment

05/15/2020 755

Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

300.00

600.00

Payment

05/15/2020 645

Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

200.00

400.00

Payment

05/15/2020 1068

Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

400.00

Invoice

05/30/2020 4

Beneficio, Katrina:Lawn & Shrubs

-SPLIT-

300.00

Invoice

05/30/2020 5

Rock Castle Construction:Lawn & Shrubs

-SPLIT-

400.00

700.00

Invoice

05/30/2020 6

Whalen, Tom:Lawn &Shrubs

-SPLIT-

200.00

700.00 900.00

0.00

900.00

Payment

06/15/2020 895

Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

300.00

600.00

Payment

06/15/2020 698

Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

200.00

400.00

Payment

06/15/2020 1100

Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

Invoice

06/30/2020 7

Beneficio, Katrina:Lawn & Shrubs

-SPLIT-

400.00 510.00

0.00 510.00

Invoice

06/30/2020 8

Rock Castle Construction:Lawn & Shrubs

-SPLIT-

670.00

1,180.00

Invoice

06/30/2020 9

Whalen, Tom:Lawn &Shrubs

-SPLIT-

290.00

1,470.00

Payment

07/15/2020 910

Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

510.00

960.00

Payment

07/15/2020 715

Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

290.00

670.00

Payment

07/15/2020 1200

Rock Castle Construction:Lawn & Shrubs

Invoice

07/31/2020 10

Beneficio, Katrina:Lawn & Shrubs

-SPLIT-

300.00

Invoice

07/31/2020 11

Rock Castle Construction:Lawn & Shrubs

-SPLIT-

12000 · Undeposited Funds 400.00

670.00

700.00

0.00

200.00

Invoice

07/31/2020 12

Whalen, Tom:Lawn &Shrubs

-SPLIT-

Payment

08/15/2020 935

Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

300.00

600.00

Payment

08/15/2020 742

Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

200.00

400.00

Payment

08/15/2020 1300

Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

400.00

Invoice

08/31/2020 13

Beneficio, Katrina:Lawn & Shrubs

-SPLIT-

300.00

Invoice

08/31/2020 14

Rock Castle Construction:Lawn & Shrubs

900.00

0.00 300.00

-SPLIT-

400.00

Invoice

08/31/2020 15

Whalen, Tom:Lawn &Shrubs

-SPLIT-

200.00

Payment

09/15/2020 934

Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

300.00

700.00 600.00

Payment

09/15/2020 746

Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

200.00

400.00

900.00

Payment

09/15/2020 1400

Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

Invoice

09/30/2020 16

Beneficio, Katrina:Lawn & Shrubs

-SPLIT-

300.00

Invoice

09/30/2020 17

Rock Castle Construction:Lawn & Shrubs

-SPLIT-

400.00

700.00

Invoice

09/30/2020 18

Whalen, Tom:Lawn &Shrubs

-SPLIT-

200.00

Payment

10/15/2020 956

Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

10/15/2020 755

Payment

400.00

0.00

900.00 300.00

600.00

200.00

400.00

Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

Payment

10/15/2020 1500

Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

Invoice

10/31/2020 19

Beneficio, Katrina:Lawn & Shrubs

-SPLIT-

510.00

Invoice

10/31/2020 20

Rock Castle Construction:Lawn & Shrubs

-SPLIT-

670.00

1,180.00

290.00

400.00

0.00

Invoice

10/31/2020 21

Whalen, Tom:Lawn &Shrubs

-SPLIT-

Payment

11/15/2020 967

Beneficio, Katrina:Lawn & Shrubs

12000 · Undeposited Funds

510.00

960.00

Payment

11/15/2020 765

Whalen, Tom:Lawn &Shrubs

12000 · Undeposited Funds

290.00

670.00

Payment

11/15/2020 1600

Rock Castle Construction:Lawn & Shrubs

12000 · Undeposited Funds

670.00

0.00

7,440.00

0.00

Total 11000 · Accounts Receivable

7,440.00

1,470.00

12000 · Undeposited Funds

Computer Accounting with QuickBooks 2015 by Donna Kay

0.00

©McGraw-Hill Education, 2016

Chapter 9 Accounting for a Service Company 9. 39

Type

Date

Num Adj

Name

Memo

Split

Debit

Credit

Balance

Payment

05/15/2020 755

Beneficio, Katrina:Lawn & Shrubs

11000 · Accounts Receivable

300.00

Payment

05/15/2020 645

Whalen, Tom:Lawn &Shrubs

11000 · Accounts Receivable

200.00

500.00

Payment

05/15/2020 1068

11000 · Accounts Receivable

400.00

Rock Castle Construction:Lawn & Shrubs

05/15/2020 755

-MULTIPLE-

Payment

06/15/2020 895

Beneficio, Katrina:Lawn & Shrubs

11000 · Accounts Receivable

300.00

Payment

06/15/2020 698

Whalen, Tom:Lawn &Shrubs

11000 · Accounts Receivable

200.00

500.00

Payment

06/15/2020 1100

Rock Castle Construction:Lawn & Shrubs

11000 · Accounts Receivable

400.00

Deposit

06/15/2020 895

-MULTIPLE-

Payment

07/15/2020 910

Beneficio, Katrina:Lawn & Shrubs

Payment

07/15/2020 715

Whalen, Tom:Lawn &Shrubs

Payment

07/15/2020 1200

Rock Castle Construction:Lawn & Shrubs

Deposit

07/15/2020 910

-MULTIPLE-

Payment

08/15/2020 935

Beneficio, Katrina:Lawn & Shrubs

Deposit

Checking

900.00

Deposit

900.00

Checking 510.00

11000 · Accounts Receivable

290.00

11000 · Accounts Receivable

670.00

Checking

0.00 510.00 800.00 1,470.00

1,470.00

0.00

11000 · Accounts Receivable

300.00

300.00 500.00

Payment

08/15/2020 742

Whalen, Tom:Lawn &Shrubs

11000 · Accounts Receivable

200.00

Payment

08/15/2020 1300

Rock Castle Construction:Lawn & Shrubs

11000 · Accounts Receivable

400.00

08/15/2020 935

-MULTIPLE-

Payment

09/15/2020 934

Beneficio, Katrina:Lawn & Shrubs

11000 · Accounts Receivable

300.00

Payment

09/15/2020 746

Whalen, Tom:Lawn &Shrubs

11000 · Accounts Receivable

200.00

500.00

Payment

09/15/2020 1400

Rock Castle Construction:Lawn & Shrubs

11000 · Accounts Receivable

400.00

Deposit

09/15/2020 934

-MULTIPLE-

Payment

10/15/2020 956

Beneficio, Katrina:Lawn & Shrubs

10/15/2020 755

Whalen, Tom:Lawn &Shrubs

Payment

10/15/2020 1500

Rock Castle Construction:Lawn & Shrubs

Deposit

10/15/2020 956

-MULTIPLE-

Payment

11/15/2020 967

Beneficio, Katrina:Lawn & Shrubs

Deposit

Checking

900.00

Deposit

Payment

Deposit

900.00 900.00

11000 · Accounts Receivable

0.00

900.00

Checking

900.00 900.00

11000 · Accounts Receivable

300.00

11000 · Accounts Receivable

200.00

11000 · Accounts Receivable

400.00

Checking 510.00

0.00 300.00 500.00 900.00

900.00

11000 · Accounts Receivable

0.00

0.00 510.00

Payment

11/15/2020 765

Whalen, Tom:Lawn &Shrubs

11000 · Accounts Receivable

290.00

800.00

Payment

11/15/2020 1600

Rock Castle Construction:Lawn & Shrubs

11000 · Accounts Receivable

670.00

1,470.00

Deposit

11/15/2020 967

-MULTIPLE-

Deposit

Checking

Total 12000 · Undeposited Funds

7,440.00

1,470.00

0.00

7,440.00

0.00

14000 · Mower

0.00

14100 · Mower Cost

0.00 Check

02/01/2020 501

Mower Sales & Repair

4002

Checking

800.00

Total 14100 · Mower Cost

800.00

800.00 0.00

800.00

200.00

-200.00

0.00

200.00

-200.00

800.00

200.00

600.00

14200 · Accumulated Depreciation Mower

0.00 General Journal

12/31/2020 ADJ1

62400 · Depreciation Expense

Total 14200 · Accumulated Depreciation Mower Total 14000 · Mower 18000 · Trimmer Equipment

0.00

18100 · Trimmer Equipment Cost

0.00 Bill

02/20/2020

Mower Sales & Repair

20000 · Accounts Payable

Total 18100 · Trimmer Equipment Cost

200.00 200.00

200.00 0.00

200.00

100.00

-100.00

0.00

100.00

-100.00

200.00

100.00

200.00

-200.00

18200 · Accumulated Depr Trimmer

0.00 General Journal

12/31/2020 ADJ2

62400 · Depreciation Expense

Total 18200 · Accumulated Depr Trimmer Total 18000 · Trimmer Equipment 20000 · Accounts Payable

0.00 Bill

02/20/2020

Mower Sales & Repair

Bill

03/01/2020

AB Gas Station

Bill Pmt -Check

03/20/2020 502

AB Gas Station

Bill Pmt -Check

03/20/2020 503

Mower Sales & Repair

Bill

05/01/2020

AB Gas Station

Bill Pmt -Check

05/30/2020 504

AB Gas Station

Bill

06/01/2020

AB Gas Station

Bill Pmt -Check

06/30/2020 505

AB Gas Station

Bill

07/01/2020

AB Gas Station

Bill Pmt -Check

07/31/2020 506

AB Gas Station

Bill

08/01/2020

AB Gas Station

Bill Pmt -Check

08/31/2020 507

AB Gas Station

Bill

09/01/2020

AB Gas Station

Bill Pmt -Check

09/30/2020 508

AB Gas Station

Bill

10/01/2020

AB Gas Station

Bill Pmt -Check

10/31/2020 509

AB Gas Station

Total 20000 · Accounts Payable

18100 · Trimmer Equipment Cost 64800 · Supplies Expense 4001

Checking

4002

Checking

4001

Checking

100.00 100.00 200.00

64800 · Supplies Expense

4001

Checking Checking

4001

Checking Checking

100.00

-100.00

100.00

-100.00

100.00

-100.00

50.00

-50.00

0.00 0.00 0.00 0.00

100.00

64800 · Supplies Expense Checking

-100.00

100.00

64800 · Supplies Expense

4001

100.00

64800 · Supplies Expense

4001

-100.00

100.00

64800 · Supplies Expense 4001

0.00 100.00

100.00

64800 · Supplies Expense

0.00

50.00 850.00

0.00 850.00

30000 · Opening Balance Equity

Computer Accounting with QuickBooks 2015 by Donna Kay

-300.00 -200.00

0.00 0.00

9. 40

Exploring QuickBooks with Rock Castle Construction

Type Deposit

Date

Num Adj

01/01/2020

Name Tomaso Moltissimo

Memo Deposit

Split

Debit

Checking

Total 30000 · Opening Balance Equity

0.00

Credit

Balance

1,500.00

-1,500.00

1,500.00

-1,500.00

45700 · Maintenance Services

0.00 Invoice

04/30/2020 1

Beneficio, Katrina:Lawn & Shrubs

Lawn Mowing

11000 · Accounts Receivable

300.00

-300.00 -700.00

Invoice

04/30/2020 2

Rock Castle Construction:Lawn & Shrubs

Lawn Mowing

11000 · Accounts Receivable

400.00

Invoice

04/30/2020 3

Whalen, Tom:Lawn &Shrubs

Lawn Mowing

11000 · Accounts Receivable

200.00

-900.00

Invoice

05/30/2020 4

Beneficio, Katrina:Lawn & Shrubs

Lawn Mowing

11000 · Accounts Receivable

300.00

-1,200.00

Invoice

05/30/2020 5

Rock Castle Construction:Lawn & Shrubs

Lawn Mowing

400.00

-1,600.00

Invoice

05/30/2020 6

Whalen, Tom:Lawn &Shrubs

Lawn Mowing

11000 · Accounts Receivable

200.00

-1,800.00

Invoice

06/30/2020 7

Beneficio, Katrina:Lawn & Shrubs

-MULTIPLE-

11000 · Accounts Receivable

510.00

-2,310.00 -2,980.00

Invoice

06/30/2020 8

Rock Castle Construction:Lawn & Shrubs

-MULTIPLE-

11000 · Accounts Receivable

670.00

Invoice

06/30/2020 9

Whalen, Tom:Lawn &Shrubs

-MULTIPLE-

11000 · Accounts Receivable

290.00

-3,270.00

Invoice

07/31/2020 10

Beneficio, Katrina:Lawn & Shrubs

Lawn Mowing

11000 · Accounts Receivable

300.00

-3,570.00

Invoice

07/31/2020 11

Rock Castle Construction:Lawn & Shrubs

Lawn Mowing

11000 · Accounts Receivable

400.00

-3,970.00

Invoice

07/31/2020 12

Whalen, Tom:Lawn &Shrubs

Lawn Mowing

11000 · Accounts Receivable

200.00

-4,170.00

Invoice

08/31/2020 13

Beneficio, Katrina:Lawn & Shrubs

Lawn Mowing

11000 · Accounts Receivable

300.00

-4,470.00

Invoice

08/31/2020 14

Rock Castle Construction:Lawn & Shrubs

Lawn Mowing

11000 · Accounts Receivable

400.00

-4,870.00

Invoice

08/31/2020 15

Whalen, Tom:Lawn &Shrubs

Lawn Mowing

11000 · Accounts Receivable

200.00

-5,070.00

Invoice

09/30/2020 16

Beneficio, Katrina:Lawn & Shrubs

Lawn Mowing

11000 · Accounts Receivable

300.00

-5,370.00

Invoice

09/30/2020 17

Rock Castle Construction:Lawn & Shrubs

Lawn Mowing

11000 · Accounts Receivable

400.00

-5,770.00

Invoice

09/30/2020 18

Whalen, Tom:Lawn &Shrubs

Lawn Mowing

11000 · Accounts Receivable

200.00

-5,970.00

Invoice

10/31/2020 19

Beneficio, Katrina:Lawn & Shrubs

-MULTIPLE-

11000 · Accounts Receivable

510.00

-6,480.00

Invoice

10/31/2020 20

Rock Castle Construction:Lawn & Shrubs

-MULTIPLE-

11000 · Accounts Receivable

670.00

-7,150.00

Invoice

10/31/2020 21

Whalen, Tom:Lawn &Shrubs

-MULTIPLE-

11000 · Accounts Receivable

290.00

-7,440.00

7,440.00

-7,440.00

Total 45700 · Maintenance Services

0.00

62400 · Depreciation Expense

0.00 General Journal

12/31/2020 ADJ1

14200 · Accumulated Depreciation Mower

200.00

General Journal

12/31/2020 ADJ2

18200 · Accumulated Depr Trimmer

100.00

300.00

Total 62400 · Depreciation Expense

300.00

0.00

64800 · Supplies Expense

300.00 0.00

Bill

03/01/2020

AB Gas Station

20000 · Accounts Payable

100.00

Bill

05/01/2020

AB Gas Station

20000 · Accounts Payable

100.00

200.00

Bill

06/01/2020

AB Gas Station

20000 · Accounts Payable

100.00

300.00

Bill

07/01/2020

AB Gas Station

20000 · Accounts Payable

100.00

400.00

Bill

08/01/2020

AB Gas Station

20000 · Accounts Payable

100.00

Bill

09/01/2020

AB Gas Station

20000 · Accounts Payable

100.00

600.00

Bill

10/01/2020

AB Gas Station

20000 · Accounts Payable

50.00

650.00

Total 64800 · Supplies Expense TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

500.00

650.00

0.00

650.00

26,620.00

0.00

Chapter 9 Accounting for a Service Company 9. 41

QB CASE 9 PROFIT & LOSS

! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

9. 42

Exploring QuickBooks with Rock Castle Construction

QB CASE 9 BALANCE SHEET

! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 9 Accounting for a Service Company 9. 43

QB CASE 9 STATEMENT OF CASH FLOWS

Computer Accounting with QuickBooks 2015 by Donna Kay

CHAPTER 10 !

! MERCHANDISING CORPORATION, SALES, PURCHASES & ! ! INVENTORY !

INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

10. 2

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 QUICK CHECK CHAPTER 10 £ * Customer List £ * Vendor List £ * Item List £ * Chart of Accounts (Account Listing) £ * Trial Balance £ * Opening Adjusted Trial Balance £ * Balance Sheet Beginning £ Check No. 401 £ Purchase Orders £ * Item List: Quantity on Hand £ Check Nos. 402 and 403 £ Invoices £ Deposit Summary £ * Trial Balance £ * Adjusting Journal Entries £ * Adjusted Trial Balance £ * General Ledger £ * Profit & Loss £ * Balance Sheet £ * Statement of Cash Flows £ Analysis and Recommendations EXERCISE 10.1 £ * Task 2: Customer List £ * Task 3: Vendor List £ * Task 4: Item List £ * Task 5: Chart of Accounts £ * Task 5: Trial Balance £ * Task 5: Opening Adjusted Trial Balance £ Task 6: Purchase Orders £ Task 6: Checks £ Task 6: Invoices £ Task 6: Deposit Summary

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 3

£ * Task 6: Deposit Detail £ * Task 6: Check Detail £ * Task 7: Trial Balance £ * Task 7: Adjusting Journal Entries £ * Task 7: Adjusted Trial Balance £ * Task 8: General Ledger £ * Task 8: Profit & Loss £ * Task 8: Balance Sheet £ * Task 8: Statement of Cash Flows £

£

EXERCISE 10.2 What’s New EXERCISE 10.3 Form 1120S: U.S. Income Tax Return S Corporation

PROJECT 10 QUICK CHECK PROJECT 10 £ £ £ £ £ £ £ £ £ £

* Chart of Accounts * Customer List * Vendor List * Item List * Trial Balance * Adjusting Entries * Adjusted Trial Balance * Profit & Loss * Balance Sheet * Statement of Cash Flows £ * Customer Balance Detail £ * Vendor Balance Detail

! !

! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

10. 4

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 CUSTOMER LIST

! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 5

! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

10. 6

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 VENDOR LIST

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 7

CHAPTER 10 ITEM LIST

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

! ! ! ! ! !

10. 8

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 CHART OF ACCOUNTS (ACCOUNT LISTING)

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 9

CHAPTER 10 TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 10

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 OPENING ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 11

CHAPTER 10 BALANCE SHEET BEGINNING

Jan 1, 21 ASSETS Current Assets Checking/Savings 10100 · Checking Total Checking/Savings

2,400.00 2,400.00

Other Current Assets 12500 · Supplies on Hand Total Other Current Assets Total Current Assets

600.00 600.00 3,000.00

Fixed Assets 14000 · Store Fixtures 14100 · Store Fixtures Cost Total 14000 · Store Fixtures

5,000.00 5,000.00

14300 · Paint Mixing Equipment 14400 · Paint Mixing Equipment Cost Total 14300 · Paint Mixing Equipment Total Fixed Assets TOTAL ASSETS

4,000.00 4,000.00 9,000.00 12,000.00

LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 26000 · Notes Payable

1,000.00

Total Other Current Liabilities

1,000.00

Total Current Liabilities Total Liabilities

1,000.00 1,000.00

Equity 30100 · Capital Stock Total Equity TOTAL LIABILITIES & EQUITY

Computer Accounting with QuickBooks 2015 by Donna Kay

11,000.00 11,000.00 12,000.00

10. 12

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 CHECK NO. 401

! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 13

CHAPTER 10 PURCHASE ORDERS

Purchase Order

YourName Chapter 10 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

Brewer Paint Supplies Ella Brewer 200 Spring Street Bayshore, CA 94326

IntBase 1 gal

P.O. No.

1/3/2021

Ship To

Vendor

Item

Date

YourName Chapter 10 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

Description Interior Paint Base (1 gallon)

Qty

Rate 50

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 10.00

500.00

$500.00

10. 14

Exploring QuickBooks with Rock Castle Construction

Purchase Order

YourName Chapter 10 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

ExtBase 1 gal

P.O. No.

1/5/2021

Ship To

Vendor Brewer Paint Supplies Ella Brewer 200 Spring Street Bayshore, CA 94326

Item

Date

YourName Chapter 10 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

Description Exterior Paint Base (1 gallon)

Qty

Rate 40

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 10.00

400.00

$400.00

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 15

Purchase Order

YourName Chapter 10 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

P.O. No.

1/10/2021

Ship To

Vendor Shades of Santiago 650 Chile Avenue Bayshore, CA 94326

Item Custom Color Stock Color

Date

YourName Chapter 10 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

Description Custom Paint Color Stock Paint Color

Qty

Rate 25 5

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 8.00 2.00

200.00 10.00

$210.00

10. 16

Exploring QuickBooks with Rock Castle Construction

! ! ! ! Purchase Order

YourName Chapter 10 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

P.O. No.

1/12/2021

Ship To

Vendor Brewer Paint Supplies Ella Brewer 200 Spring Street Bayshore, CA 94326

Item Stock Color

Date

YourName Chapter 10 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

Description

Qty

Rate

Stock Paint Color

Computer Accounting with QuickBooks 2015 by Donna Kay

Total

Amount 2.00

20.00

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 17

CHAPTER 10 ITEM LIST

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

! ! ! ! ! ! !

10. 18

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 CHECK NOS. 402 AND 403

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 19

CHAPTER INVOICES

Invoice

YourName Chapter 10 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

Bill To

Date

Invoice #

1/20/2021

Ship To

Katrina Beneficio 10 Pico Blvd Bayshore, CA 94326

P.O. Number

Terms Net 30

Quantity

Item Code 3 IntBase 1 gal 3 Custom Color

Rep

Ship

Via

F.O.B.

Project

1/31/2021 Description

Custom Paint Price Each

Interior Paint Base (1 gallon) Custom Paint Color State Sales Tax

25.00 6.00 7.75%

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 75.00T 18.00T 7.21

$100.21

10. 20

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName Chapter 10 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

Bill To

Date

Invoice #

1/22/2021

Ship To

Decor Centre 750 Clayton Road Bayshore, CA 94326

P.O. Number

Terms Net 30

Quantity

Item Code 10 IntBase 1 gal 10 Stock Color

Rep

Ship

Via

F.O.B.

Project

1/22/2021 Description

Custom & Stock Paint Price Each

Interior Paint Base (1 gallon) Stock Paint Color

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 20.00 3.50

200.00 35.00

$235.00

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 21

Invoice

YourName Chapter 10 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

Bill To

Date

Invoice #

1/25/2021

Ship To

Cara Interiors

P.O. Number

Terms Net 30

Quantity

Item Code 5 IntBase 1 gal 5 Stock Color 2 ExtBase 1 gal 2 Custom Color

Rep

Ship

Via

F.O.B.

Project

1/25/2021 Description

Custom & Stock Paint Price Each

Interior Paint Base (1 gallon) Stock Paint Color Exterior Paint Base (1 gallon) Custom Paint Color

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 20.00 3.50 22.00 5.00

100.00 17.50 44.00 10.00

$171.50

10. 22

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 DEPOSIT SUMMARY

! ! ! ! ! ! ! ! ! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 23

CHAPTER 10 TRIAL BALANCE

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 24

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 ADJUSTING JOURNAL ENTRIES

! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 25

! CHAPTER 10 ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 26

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 GENERAL LEDGER

! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 27

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 28

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 PROFIT & LOSS

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 29

CHAPTER 10 BALANCE SHEET

Computer Accounting with QuickBooks 2015 by Donna Kay

10. 30

Exploring QuickBooks with Rock Castle Construction

CHAPTER 10 STATEMENT OF CASH FLOWS

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 31

CHAPTER 10 ANALYSIS AND RECOMMENDATIONS The Profit & Loss financial statement shows that Paint Palette Store is not generating enough revenue to cover its costs, resulting in a net loss of $1,110.50. The business must increase revenues in order to cover its costs and earn a profit. The Statement of Cash Flows reveals that Paint Palette Store is not generating a positive cash flow from operations. In order to be successful in the long-run, the business must begin to generate a positive cash flow from operations. This is possible through increasing revenues and cash collected from revenues. The business will need to carefully monitor accounts receivable and inventory to ensure that too much cash is not tied up in these current assets.

Computer Accounting with QuickBooks 2015 by Donna Kay

10. 32

Exploring QuickBooks with Rock Castle Construction

EXERCISE 10.1 TASK 2 CUSTOMER LIST

! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

! ! !

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 33

EXERCISE 10.1 TASK 3 VENDOR LIST

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 34

Exploring QuickBooks with Rock Castle Construction

EXERCISE 10.1 TASK 4 ITEM LIST

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 35

EXERCISE 10.1 TASK 5 CHART OF ACCOUNTS (ACCOUNT LISTING)

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 36

Exploring QuickBooks with Rock Castle Construction

EXERCISE 10.1 TASK 5 TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 37

EXERCISE 10.1 TASK 5 OPENING ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 38

Exploring QuickBooks with Rock Castle Construction

EXERCISE 10.1 TASK 6 PURCHASE ORDERS

! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 39

Purchase Order

YourName Exercise 10.1 Brittany's Yarns 13 Isla Boulevard Bayshore, CA 94326

P.O. No.

1/21/2021

Ship To

Vendor Shahrzad Enterprises 720 Yas Avenue Bayshore, CA 94326

Item

Date

YourName Exercise 10.1 Brittany's Yarns 13 Isla Boulevard Bayshore, CA 94326

Description

Peruvian Wool Ya... Peruvian Wool Yarn Charcoal Peruvian Wool Ya... Peruvian Wool Yarn Black

Qty

Rate 20 12

Total Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 8.00 10.00

160.00 120.00

$280.00

10. 40

Exploring QuickBooks with Rock Castle Construction

! EXERCISE 10.1 TASK 6 CHECKS

! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 41

! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

10. 42

Exploring QuickBooks with Rock Castle Construction

EXERCISE 10.1 TASK 6 INVOICES

Invoice

YourName Exercise 10.1 Brittany's Yarns 13 Isla Boulevard Bayshore, CA 94326

Bill To

Date

Invoice #

1/25/2021

Ship To

Ella Brewer 18 Spring Street Bayshore, CA 94326

P.O. Number

Terms Net 15

Quantity

Item Code

Rep

Ship

Via

F.O.B.

Project

1/25/2021 Description

Price Each

13 Peruvian Wool Yar... Peruvian Wool Yarn Charcoal 5 Peruvian Wool Yar... Peruvian Wool Yarn Black State Sales Tax

20.00 25.00 7.75%

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 260.00T 125.00T 29.84

$414.84

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 43

Invoice

YourName Exercise 10.1 Brittany's Yarns 13 Isla Boulevard Bayshore, CA 94326

Bill To

Date

Invoice #

1/19/2021

Ship To

Suzanne Counte 220 Johnson Avenue Bayshore, CA 94326

P.O. Number

Terms Net 15

Quantity

Item Code

Rep

Ship

Via

F.O.B.

Project

1/19/2021 Description

Price Each

6 Alpaca Yarn Creme Alpaca Yarn Creme 8 Alpaca Yarn Earthe... Alpaca Yarn Earthen Tweed State Sales Tax

10.00 12.00 7.75%

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 60.00T 96.00T 12.09

$168.09

10. 44

Exploring QuickBooks with Rock Castle Construction

EXERCISE 10.1 TASK 6 DEPOSIT SUMMARY

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 45

EXERCISE 10.1 TASK 6 DEPOSIT DETAIL

EXERCISE 10.1 TASK 6 CHECK DETAIL

! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 46

Exploring QuickBooks with Rock Castle Construction

EXERCISE 10.1 TASK 7 TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 47

EXERCISE 10.1 TASK 7 ADJUSTING JOURNAL ENTRIES

! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

10. 48

Exploring QuickBooks with Rock Castle Construction

EXERCISE 10.1 TASK 7 ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 49

EXERCISE 10.1 TASK 8 GENERAL LEDGER

Type

Date

Num

Adj

Name

Memo

Split

Debit

Credit

10100 · Checking

Balance 0.00

Deposit Check

01/01/2021

Account Opening Balance

01/01/2021 1001

Hartzheim Leasing

Bill Pmt -Check

01/25/2021 1002

Shahrzad Enterprises

Deposit

01/25/2021

Bill Pmt -Check

01/27/2021 1003

Shufang's Supplies

30000 · Opening Balance Equity

2500

1,300.00

67100 · Rent Expense

2400

20000 · Accounts Payable

Deposit

12000 · Undeposited Funds

2600

20000 · Accounts Payable

Total 10100 · Checking

1,300.00 600.00

700.00

136.00

564.00

168.09

732.09 300.00

1,468.09 1,036.00

11000 · Accounts Receivable

432.09 432.09 0.00

Invoice

01/19/2021 1

Counte, Suzanne

-SPLIT-

168.09

Invoice

01/25/2021 2

Brewer, Ella

-SPLIT-

414.84

582.93

Payment

01/25/2021 1200

Counte, Suzanne

12000 · Undeposited Funds

Total 11000 · Accounts Receivable

168.09 582.93

168.09

12000 · Undeposited Funds

414.84 414.84 0.00

Payment

01/25/2021 1200

Counte, Suzanne

Deposit

01/25/2021 1200

Counte, Suzanne

Deposit

01/01/2021

Bill

01/19/2021

11000 · Accounts Receivable Deposit

10100 · Checking

Account Opening Balance

30000 · Opening Balance Equity

Shahrzad Enterprises

-MULTIPLE-

20000 · Accounts Payable

Counte, Suzanne

-MULTIPLE-

11000 · Accounts Receivable

Total 12000 · Undeposited Funds

168.09

168.09 168.09

168.09

12100 · Inventory Asset

0.00 0.00 0.00

Invoice

01/19/2021 1

Item Receipt

01/23/2021

Shahrzad Enterprises

-MULTIPLE-

20000 · Accounts Payable

Invoice

01/25/2021 2

Brewer, Ella

-MULTIPLE-

11000 · Accounts Receivable

Total 12100 · Inventory Asset

1,800.00

136.00

1,936.00 62.40

1,873.60

154.00

1,999.60

216.40

1,999.60

280.00 2,216.00

2,153.60

12500 · Office Supplies on Hand

0.00 General Journal

01/31/2021 ADJ1

64900 · Office Supplies

Total 12500 · Office Supplies on Hand

180.00 180.00

180.00 0.00

180.00

300.00

-300.00

136.00

-436.00

20000 · Accounts Payable

0.00 Bill

01/02/2021

Shufang's Supplies

64900 · Office Supplies

Bill

01/19/2021

Shahrzad Enterprises

Item Receipt

01/23/2021

Shahrzad Enterprises

Received items (bill to follow)

-SPLIT-

Bill Pmt -Check

01/25/2021 1002

Shahrzad Enterprises

2400

-SPLIT10100 · Checking

Bill Pmt -Check

01/27/2021 1003

Shufang's Supplies

2600

10100 · Checking

Total 20000 · Accounts Payable

280.00 136.00 300.00 436.00

-716.00 -580.00 -280.00

716.00

-280.00

7.00

-7.00

7.00

-7.00

21000 · Interest Payable

0.00 General Journal

01/31/2021 ADJ2

63400 · Interest Expense

Total 21000 · Interest Payable

0.00

25500 · Sales Tax Payable

0.00 Invoice

01/19/2021 1

California State Board of Equalization

State Sales Tax

11000 · Accounts Receivable

12.09

-12.09

Invoice

01/25/2021 2

California State Board of Equalization

State Sales Tax

11000 · Accounts Receivable

29.84

-41.93

0.00

41.93

-41.93

800.00

-800.00

0.00

800.00

-800.00

1,300.00

-1,300.00

1,800.00

-3,100.00

Total 25500 · Sales Tax Payable 26000 · Notes Payable

0.00 General Journal

01/01/2021 1

Account Opening Balance

30000 · Opening Balance Equity

Total 26000 · Notes Payable 30000 · Opening Balance Equity

0.00 Deposit

01/01/2021

Deposit

01/01/2021

General Journal

01/01/2021 1

General Journal

01/01/2021 Open ADJ1

Account Opening Balance

10100 · Checking

Account Opening Balance

12100 · Inventory Asset

Account Opening Balance

26000 · Notes Payable

800.00

30100 · Capital Stock

2,300.00

0.00

3,100.00 3,100.00

0.00

Total 30000 · Opening Balance Equity

-2,300.00

30100 · Capital Stock

0.00 General Journal

01/01/2021 Open ADJ1

30000 · Opening Balance Equity

Total 30100 · Capital Stock

2,300.00

-2,300.00

0.00 2,300.00

-2,300.00

46000 · Merchandise Sales

0.00 Invoice

01/19/2021 1

Counte, Suzanne

-MULTIPLE-

11000 · Accounts Receivable

156.00

-156.00

Invoice

01/25/2021 2

Brewer, Ella

-MULTIPLE-

11000 · Accounts Receivable

385.00

-541.00

541.00

-541.00

Total 46000 · Merchandise Sales

0.00

50000 · Cost of Goods Sold

0.00 Invoice

01/19/2021 1

Counte, Suzanne

-MULTIPLE-

11000 · Accounts Receivable

62.40

! ! Computer Accounting with QuickBooks 2015 by Donna Kay

62.40

10. 50

Exploring QuickBooks with Rock Castle Construction

Type Invoice

Date

Num

Adj

01/25/2021 2

Name Brewer, Ella

Memo -MULTIPLE-

Split 11000 · Accounts Receivable

Total 50000 · Cost of Goods Sold

Debit

Credit

154.00 216.40

Balance 216.40

0.00

216.40

63400 · Interest Expense

0.00 General Journal

01/31/2021 ADJ2

Bill

01/02/2021

General Journal

01/31/2021 ADJ1

Check

01/01/2021 1001

21000 · Interest Payable

7.00

20000 · Accounts Payable

300.00

Total 63400 · Interest Expense

7.00

7.00 0.00

7.00

64900 · Office Supplies

0.00 Shufang's Supplies

12500 · Office Supplies on Hand

Total 64900 · Office Supplies

300.00 180.00

300.00

180.00

120.00 120.00

67100 · Rent Expense

0.00 Hartzheim Leasing

Total 67100 · Rent Expense TOTAL

2500

10100 · Checking

600.00 600.00

600.00 0.00

600.00

9,274.51 9,274.51

0.00

! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 51

EXERCISE 10.1 TASK 8 PROFIT & LOSS

! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 52

Exploring QuickBooks with Rock Castle Construction

EXERCISE 10.1 TASK 8 BALANCE SHEET

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 53

EXERCISE 10.1 TASK 8 STATEMENT OF CASH FLOWS

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 54

Exploring QuickBooks with Rock Castle Construction

EXERCISE 10.2 WHAT’S NEW

! !

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 55

EXERCISE 10.3 FORM 1120S US INCOME TAX RETURN S CORPORATION

! 1120S ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !Sign !Here !

U.S. Income Tax Return for an S Corporation

Form

Department of the Treasury Internal Revenue Service

2013

attaching Form 2553 to elect to be an S corporation.

a Information about Form 1120S and its separate instructions is at www.irs.gov/form1120s.

For calendar year 2013 or tax year beginning A S election effective date B Business activity code number (see instructions)

OMB No. 1545-0130

a Do not file this form unless the corporation has filed or is

TYPE OR PRINT

, 2013, ending

, 20

Name

D Employer identification number

Number, street, and room or suite no. If a P.O. box, see instructions.

E Date incorporated

City or town, state or province, country, and ZIP or foreign postal code

F Total assets (see instructions)

C Check if Sch. M-3 attached

Yes No If “Yes,” attach Form 2553 if not already filed G Is the corporation electing to be an S corporation beginning with this tax year? (4) (3) (5) Name change Address change S election termination or revocation Final return (2) Amended return H Check if: (1) a I Enter the number of shareholders who were shareholders during any part of the tax year . . . . . . . . .

Caution. Include only trade or business income and expenses on lines 1a through 21. See the instructions for more information.

. . . . . . . . . . . . . . 1a . . . . . . . . . . . . . . 1b Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . Net gain (loss) from Form 4797, line 17 (attach Form 4797) . . . . . . . . . . . . Other income (loss) (see instructions—attach statement) . . . . . . . . . . . . . Total income (loss). Add lines 3 through 5 . . . . . . . . . . . . . . . . a Compensation of officers (see instructions—attach Form 1125-E) . . . . . . . . . . Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . . . Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . Total deductions. Add lines 7 through 19 . . . . . . . . . . . . . . . . a Ordinary business income (loss). Subtract line 20 from line 6 . . . . . . . . . . . Excess net passive income or LIFO recapture tax (see instructions) . . 22a Tax from Schedule D (Form 1120S) . . . . . . . . . . . 22b Add lines 22a and 22b (see instructions for additional taxes) . . . . . . . . . . . . 2013 estimated tax payments and 2012 overpayment credited to 2013 23a Tax deposited with Form 7004 . . . . . . . . . . . . 23b Credit for federal tax paid on fuels (attach Form 4136) . . . . . 23c Add lines 23a through 23c . . . . . . . . . . . . . . . . . . . . . . Estimated tax penalty (see instructions). Check if Form 2220 is attached . . . . . . a Amount owed. If line 23d is smaller than the total of lines 22c and 24, enter amount owed . . Overpayment. If line 23d is larger than the total of lines 22c and 24, enter amount overpaid . . Enter amount from line 26 Credited to 2014 estimated tax a Refunded a Gross receipts or sales .

Tax and Payments

Deductions (see instructions for limitations)

Income

b Returns and allowances

c 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 a b c 23 a b c d 24 25 26 27

1c 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

22c

23d 24 25 26 27

Date

Signature of officer

Print/Type preparer’s name

Paid Preparer Use Only Firm’s name

Preparer's signature

Yes

Title

Date

Check if self-employed Firm's EIN a

Firm's address a

For Paperwork Reduction Act Notice, see separate instructions.

Computer Accounting with QuickBooks 2015 by Donna Kay

PTIN

Phone no. Cat. No. 11510H

Form 1120S (2013)

10. 56

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Exploring QuickBooks with Rock Castle Construction

Page 2

Form 1120S (2013)

Schedule B 1 2 3 4

Other Information (see instructions)

a c See the instructions and enter the: a Business activity a Check accounting method:

Yes No

Cash b Accrual Other (specify) a b Product or service a

At any time during the tax year, was any shareholder of the corporation a disregarded entity, a trust, an estate, or a nominee or similar person? If "Yes," attach Schedule B-1, Information on Certain Shareholders of an S Corporation . . At the end of the tax year, did the corporation: a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total stock issued and outstanding of any foreign or domestic corporation? For rules of constructive ownership, see instructions. If “Yes,” complete (i) through (v) below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (i) Name of Corporation

(ii) Employer Identification Number (if any)

(iii) Country of Incorporation

(iv) Percentage of Stock Owned

(v) If Percentage in (iv) is 100%, Enter the Date (if any) a Qualified Subchapter S Subsidiary Election Was Made

b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions. If “Yes,” complete (i) through (v) below . . . . . . . (i) Name of Entity

(ii) Employer Identification Number (if any)

(iii) Type of Entity

(iv) Country of Organization

(v) Maximum Percentage Owned in Profit, Loss, or Capital

5 a At the end of the tax year, did the corporation have any outstanding shares of restricted stock? . . . . . . . If “Yes,” complete lines (i) and (ii) below. (i) Total shares of restricted stock . . . . . . . . . a (ii) Total shares of non-restricted stock . . . . . . . . a b At the end of the tax year, did the corporation have any outstanding stock options, warrants, or similar instruments?

If “Yes,” complete lines (i) and (ii) below. (i) a Total shares of stock outstanding at the end of the tax year (ii) Total shares of stock outstanding if all instruments were executed a 6 7

Has this corporation filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on any reportable transaction? . . . . . . . . . . . . . . . . . . . . . . . . Check this box if the corporation issued publicly offered debt instruments with original issue discount . . . . a If checked, the corporation may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments.

9 10

If the corporation: (a) was a C corporation before it elected to be an S corporation or the corporation acquired an asset with a basis determined by reference to the basis of the asset (or the basis of any other property) in the hands of a C corporation and (b) has net unrealized built-in gain in excess of the net recognized built-in gain from prior years, enter the net unrealized built-in gain reduced by net recognized built-in gain from prior years (see instructions) . . . . . . . . . . . . . . . a $ $ Enter the accumulated earnings and profits of the corporation at the end of the tax year. Does the corporation satisfy both of the following conditions? a The corporation’s total receipts (see instructions) for the tax year were less than $250,000 . b The corporation’s total assets at the end of the tax year were less than $250,000 . . . If “Yes,” the corporation is not required to complete Schedules L and M-1.

. .

During the tax year, did the corporation have any non-shareholder debt that was canceled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt? . . . . . . . . . . . . . . . . . If “Yes,” enter the amount of principal reduction $ 12 During the tax year, was a qualified subchapter S subsidiary election terminated or revoked? If “Yes,” see instructions . 13 a Did the corporation make any payments in 2013 that would require it to file Form(s) 1099? . . . . . . . . . . b If “Yes,” did the corporation file or will it file required Forms 1099? . . . . . . . . . . . . . . . . .

Computer Accounting with QuickBooks 2015 by Donna Kay

Form 1120S (2013)

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 57

Page 3

Form 1120S (2013)

Credits

Deductions

Income (Loss)

Schedule K

Foreign Transactions Alternative Minimum Tax (AMT) Items

Shareholders’ Pro Rata Share Items

Total amount

1 2 3a b c 4 5

Ordinary business income (loss) (page 1, line 21) . . . . . . . . . . . . . . Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . Other gross rental income (loss) . . . . . . . . . . 3a Expenses from other rental activities (attach statement) . . 3b Other net rental income (loss). Subtract line 3b from line 3a . . . . . . . . . . Interest income . . . . . . . . . . . . . . . . . . . . . . . . Dividends: a Ordinary dividends . . . . . . . . . . . . . . . . . . . b Qualified dividends . . . . . . . . . . 5b 6 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Net short-term capital gain (loss) (attach Schedule D (Form 1120S)) . . . . . . . . 8 a Net long-term capital gain (loss) (attach Schedule D (Form 1120S)) . . . . . . . . b Collectibles (28%) gain (loss) . . . . . . . . . . . 8b c Unrecaptured section 1250 gain (attach statement) . . . . 8c 9 Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . 10 Other income (loss) (see instructions) . . Type a 11 Section 179 deduction (attach Form 4562) . . . . . . . . . . . . . . . . 12a Charitable contributions . . . . . . . . . . . . . . . . . . . . . b Investment interest expense . . . . . . . . . . . . . . . . . . . . c Section 59(e)(2) expenditures (1) Type a (2) Amount a d Other deductions (see instructions) . . . Type a 13a Low-income housing credit (section 42(j)(5)) . . . . . . . . . . . . . . . b Low-income housing credit (other) . . . . . . . . . . . . . . . . . . c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) . . . . . . d Other rental real estate credits (see instructions) Type a e Other rental credits (see instructions) . . . Type a f g 14a b c

Items Affecting Shareholder Basis

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Biofuel producer credit (attach Form 6478) Other credits (see instructions) . . . . Name of country or U.S. possession a

. .

. . . . Type a

3c 4 5a 6 7 8a

9 10 11 12a 12b 12c(2)

12d 13a 13b 13c 13d 13e 13f 13g

Gross income from all sources . . . . . . . . . . . . . . . . Gross income sourced at shareholder level . . . . . . . . . . . . Foreign gross income sourced at corporate level d Passive category . . . . . . . . . . . . . . . . . . . . e General category . . . . . . . . . . . . . . . . . . . . f Other (attach statement) . . . . . . . . . . . . . . . . . . Deductions allocated and apportioned at shareholder level g Interest expense . . . . . . . . . . . . . . . . . . . . . h Other . . . . . . . . . . . . . . . . . . . . . . . . Deductions allocated and apportioned at corporate level to foreign source income i Passive category . . . . . . . . . . . . . . . . . . . . j General category . . . . . . . . . . . . . . . . . . . . k Other (attach statement) . . . . . . . . . . . . . . . . . . Other information l Total foreign taxes (check one): a Paid Accrued . . . . . . . m Reduction in taxes available for credit (attach statement) . . . . . . . . n Other foreign tax information (attach statement) 15a Post-1986 depreciation adjustment . . . . . . . . . . . . . . . b Adjusted gain or loss . . . . . . . . . . . . . . . . . . . c Depletion (other than oil and gas) . . . . . . . . . . . . . . . d Oil, gas, and geothermal properties—gross income . . . . . . . . . . e Oil, gas, and geothermal properties—deductions . . . . . . . . . . . f Other AMT items (attach statement) . . . . . . . . . . . . . . . 16a Tax-exempt interest income . . . . . . . . . . . . . . . . . b Other tax-exempt income . . . . . . . . . . . . . . . . . . c Nondeductible expenses . . . . . . . . . . . . . . . . . . d Distributions (attach statement if required) (see instructions) . . . . . . . e Repayment of loans from shareholders . . . . . . . . . . . . . .

. .

14b 14c

. . .

14d 14e 14f

. .

14g

. . .

14i 14j 14k

. .

14l 14m

. . . . . . . . . . .

15a 15b 15c 15d 15e 15f 16a 16b 16c 16d 16e

Computer Accounting with QuickBooks 2015 by Donna Kay

1 2

14h

Form 1120S (2013)

10. 58

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Exploring QuickBooks with Rock Castle Construction

Page 4

Form 1120S (2013)

ReconOther ciliation Information

Schedule K

Total amount

Shareholders’ Pro Rata Share Items (continued)

17a b c d

Investment income . . . . . . . . . . . . . . . Investment expenses . . . . . . . . . . . . . . Dividend distributions paid from accumulated earnings and profits Other items and amounts (attach statement)

Income/loss reconciliation. Combine the amounts on lines 1 through 10 in the far right column. From the result, subtract the sum of the amounts on lines 11 through 12d and 14l

Schedule L

Balance Sheets per Books

. . .

17a 17b 17c

. . .

Beginning of tax year

Assets

(a)

1 2a b 3 4 5 6 7 8 9 10a b 11a b 12 13a b 14 15

Cash . . . . . . . . . . . . Trade notes and accounts receivable . . Less allowance for bad debts . . . . . Inventories . . . . . . . . . . U.S. government obligations . . . . . Tax-exempt securities (see instructions) . Other current assets (attach statement) . . Loans to shareholders . . . . . . . Mortgage and real estate loans . . . . Other investments (attach statement) . . Buildings and other depreciable assets . . Less accumulated depreciation . . . . Depletable assets . . . . . . . . Less accumulated depletion . . . . . Land (net of any amortization) . . . . . Intangible assets (amortizable only) . . . Less accumulated amortization . . . . Other assets (attach statement) . . . . Total assets . . . . . . . . . . Liabilities and Shareholders’ Equity

16 17 18 19 20 21 22 23 24 25 26 27

Accounts payable . . . . . . . . . Mortgages, notes, bonds payable in less than 1 year Other current liabilities (attach statement) . . Loans from shareholders . . . . . . . Mortgages, notes, bonds payable in 1 year or more Other liabilities (attach statement) . . . . Capital stock . . . . . . . . . . . Additional paid-in capital . . . . . . . Retained earnings . . . . . . . . . Adjustments to shareholders’ equity (attach statement) Less cost of treasury stock . . . . . . Total liabilities and shareholders’ equity . .

. . . . . . . . . . . . . . . . . . .

18 End of tax year

(b)

(c)

(d)

(

)

(

)

(

)

(

)

(

)

(

)

(

)

(

)

Computer Accounting with QuickBooks 2015 by Donna Kay

(

)

(

) Form 1120S (2013)

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 59

Page 5

Form 1120S (2013)

Schedule M-1

Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note. Schedule M-3 required instead of Schedule M-1 if total assets are $10 million or more—see instructions

Net income (loss) per books

Income included on Schedule K, lines 1, 2, 3c, 4, 5a, 6, 7, 8a, 9, and 10, not recorded on books this year (itemize)

a b

Expenses recorded on books this year not included on Schedule K, lines 1 through 12 and 14l (itemize): Depreciation $ Travel and entertainment $

Add lines 1 through 3

Schedule M-2

5 Income recorded on books this year not included on Schedule K, lines 1 through 10 (itemize): a Tax-exempt interest $ 6 Deductions included on Schedule K, lines 1 through 12 and 14l, not charged against book income this year (itemize):

a Depreciation $ 7 Add lines 5 and 6 . . . . . 8 Income (loss) (Schedule K, line 18). Line 4 less line 7

Analysis of Accumulated Adjustments Account, Other Adjustments Account, and Shareholders’ Undistributed Taxable Income Previously Taxed (see instructions) (a) Accumulated adjustments account

1 2 3 4 5 6 7 8

Balance at beginning of tax year . . . . . Ordinary income from page 1, line 21 . . . Other additions . . . . . . . . . . ( Loss from page 1, line 21 . . . . . . . ( Other reductions . . . . . . . . . . Combine lines 1 through 5 . . . . . . . Distributions other than dividend distributions Balance at end of tax year. Subtract line 7 from line 6

Computer Accounting with QuickBooks 2015 by Donna Kay

(b) Other adjustments account

) )(

)

Form 1120S (2013)

10. 60

Exploring QuickBooks with Rock Castle Construction

PROJECT 10 CHART OF ACCOUNTS

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 61

PROJECT 10 CUSTOMER LIST

! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Get complete Order files download link below htps://www.mediafire.com/file/04ko49nw4pmk1ib/S M+Computer+Accoun�ng+with+QuickBooks+2015,+17 e+Donna+Kay.zip/file

If this link does not work with a click, then copy the complete Download link and paste link in internet explorer/ﬁrefox/google chrome and get all ﬁles download successfully.

10. 62

Exploring QuickBooks with Rock Castle Construction

PROJECT 10 VENDOR LIST

! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 63

PROJECT 10 ITEM LIST

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

! ! ! ! ! ! !

10. 64

Exploring QuickBooks with Rock Castle Construction

PROJECT 10 TRIAL BALANCE

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 65

PROJECT 10 ADJUSTING ENTRIES

! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 66

Exploring QuickBooks with Rock Castle Construction

PROJECT 10 ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 67

PROJECT 10 PROFIT & LOSS

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 68

Exploring QuickBooks with Rock Castle Construction

PROJECT 10 BALANCE SHEET

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 69

PROJECT 10 STATEMENT OF CASH FLOWS

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 70

Exploring QuickBooks with Rock Castle Construction

PROJECT 10 CUSTOMER BALANCE DETAIL

! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 71

PROJECT 10 VENDOR BALANCE DETAIL

! ! ! ! ! ! ! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

CHAPTER 10 ! QUICKBOOKS CASE 10

! MERCHANDISING CORPORATION, SALES, PURCHASES & ! ! INVENTORY !

INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

10. 2

! !

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 3

QUICKBOOKS CASE 10 QUICK CHECK QB CASE 10 £ * Customer List £ * Vendor List £ * Item List £ * Chart of Accounts £ * Trial Balance £ * Opening Adjusted Trial Balance £ Invoices £ Purchase Orders £ Checks £ Deposit Summaries £ * Deposit Detail £ * Check Detail £ * Trial Balance £ * Adjusting Entries £ * Adjusted Trial Balance £ * General Ledger £ * Profit & Loss £ * Balance Sheet £ * Statement of Cash Flows £ * Accounts Receivable Aging Summary £ Financial Statement Discussion Questions £ Analysis and Recommendations

Computer Accounting with QuickBooks 2015 by Donna Kay

10. 4

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 5

QB CASE 10 CUSTOMER LIST

! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 6

Exploring QuickBooks with Rock Castle Construction

QB CASE 10 VENDOR LIST

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

! ! ! !

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 7

QB CASE 10 ITEM LIST

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 8

Exploring QuickBooks with Rock Castle Construction

QB CASE 10 CHART OF ACCOUNTS

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 9

QB CASE 10 TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 10

Exploring QuickBooks with Rock Castle Construction

QB CASE 10 OPENING ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 11

QB CASE 10 INVOICES

Invoice

YourName QB Case 10 Tomaso's Mowers & More 2300 Olive Boulevard Bayshore, CA 94326

Bill To

Date

Invoice #

3/5/2021

Ship To

Mike Grady 700 Laclede Avenue Bayshore, CA 94326

P.O. Number

Terms Net 30

Quantity

Rep

Ship

F.O.B.

Project

3/5/2021

Item Code 1 Riding Mower 1 Gas Trimmer

Via

Description

Price Each

48" Riding Mower Gas Powered Trimmer State Sales Tax

3,800.00 570.00 7.75%

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 3,800.00T 570.00T 338.68

$4,708.68

10. 12

Exploring QuickBooks with Rock Castle Construction

Invoice

YourName QB Case 10 Tomaso's Mowers & More 2300 Olive Boulevard Bayshore, CA 94326

Bill To

Date

Invoice #

3/15/2021

Ship To

Mike Stanton 1000 Grand Avenue Bayshore, CA 94326

P.O. Number

Terms Net 30

Quantity

Item Code 1 Propel Mower 1 Battery Trimmer

Rep

Ship

Via

F.O.B.

Project

3/15/2021 Description

Price Each

Self Propelled Mower Rechargeable Battery Powered Trimmer State Sales Tax

1,150.00 390.00 7.75%

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 1,150.00T 390.00T 119.35

$1,659.35

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 13

Invoice

YourName QB Case 10 Tomaso's Mowers & More 2300 Olive Boulevard Bayshore, CA 94326

Bill To

Date

Invoice #

3/16/2021

Ship To

Gerry Fowler 500 Lindell Blvd Bayshore, CA 94326

P.O. Number

Terms

Rep

Net 30 Quantity

Via

F.O.B.

Project

3/16/2021

Item Code 1 Riding Mower

Ship

Description

Price Each

48" Riding Mower State Sales Tax

3,800.00 7.75%

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 3,800.00T 294.50

$4,094.50

10. 14

Exploring QuickBooks with Rock Castle Construction

QB CASE 10 PURCHASE ORDERS

Purchase Order

YourName QB Case 10 Tomaso's Mowers & More

2300 Olive Boulevard Bayshore, CA 94326

Astarte Supply 100 Salem Road Bayshore, CA 94326

Riding Mower Gas Trimmer Battery Trimmer

P.O. No.

3/2/2021

Ship To

Vendor

Item

Date

YourName QB Case 10 Tomaso's Mowers & Mo 2300 Olive Boulevard Bayshore, CA 94326

Description 48" Riding Mower Gas Powered Trimmer Rechargeable Battery Powered Trimmer

Qty

Rate 2 2 3

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

2,000.00 300.00 200.00

Amount 4,000.00 600.00 600.00

$5,200.00

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 15

Purchase Order

YourName QB Case 10 Tomaso's Mowers & More

2300 Olive Boulevard Bayshore, CA 94326

P.O. No.

3/9/2021

Ship To

Vendor Astarte Supply 100 Salem Road Bayshore, CA 94326

Item Propel Mower Push Mower

Date

YourName QB Case 10 Tomaso's Mowers & Mo 2300 Olive Boulevard Bayshore, CA 94326

Description Self Propelled Mower Push Mower

Qty

Rate 2 1

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 600.00 400.00

1,200.00 400.00

$1,600.00

10. 16

Exploring QuickBooks with Rock Castle Construction

Purchase Order

YourName QB Case 10 Tomaso's Mowers & More

2300 Olive Boulevard Bayshore, CA 94326

P.O. No.

3/16/2021

Ship To

Vendor Astarte Supply 100 Salem Road Bayshore, CA 94326

Item Riding Mower

Date

YourName QB Case 10 Tomaso's Mowers & Mo 2300 Olive Boulevard Bayshore, CA 94326

Description 48" Riding Mower

Qty

Rate 2

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

2,000.00

Amount 4,000.00

$4,000.00

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 17

QB CASE 10 CHECKS

Computer Accounting with QuickBooks 2015 by Donna Kay

10. 18

Exploring QuickBooks with Rock Castle Construction

! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 19

QB CASE 10 DEPOSIT SUMMARIES

! !

Computer Accounting with QuickBooks 2015 by Donna Kay

10. 20

Exploring QuickBooks with Rock Castle Construction

QB CASE 10 DEPOSIT DETAIL

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 21

QB CASE 10 CHECK DETAIL

! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 22

Exploring QuickBooks with Rock Castle Construction

QB CASE 10 TRIAL BALANCE

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 23

QB CASE 10 ADJUSTING ENTRIES

! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 24

Exploring QuickBooks with Rock Castle Construction

QB CASE 10 ADJUSTED TRIAL BALANCE

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 25

QB CASE 10 GENERAL LEDGER

Type

Date

Num

Adj

Name

Memo

Split

Debit

Credit

10100 · Checking

Balance 0.00

Deposit

03/01/2021

Account Opening Balance

30000 · Opening Balance Equity

2,400.00

Deposit

03/01/2021

Deposit

-SPLIT-

15,000.00

17,400.00

Check

03/01/2021 601

Deposit

03/20/2021

Bill Pmt -Check

03/29/2021 602

Hartzheim Leasing Astarte Supply

Bill Pmt -Check

03/29/2021 603

Marcus Mower Sales & Repairs

Deposit

03/31/2021

4003

67100 · Rent Expense

Deposit

12000 · Undeposited Funds

4001

20000 · Accounts Payable

4002

20000 · Accounts Payable

Deposit

12000 · Undeposited Funds

Bill Pmt -Check

03/31/2021 604

Astarte Supply

4001

20000 · Accounts Payable

Check

03/31/2021 605

Hartzheim Leasing

4003

67100 · Rent Expense

Total 10100 · Checking

800.00 4,708.68

16,108.68

300.00

15,808.68

1,659.35

23,768.03

16,600.00 21,308.68

5,200.00

17,468.03 1,200.00

16,268.03

800.00

15,468.03

8,300.00

15,468.03

11000 · Accounts Receivable

0.00 Invoice

03/01/2021

Fowler, Gerry

Invoice

03/05/2021 1

Grady's Bindery

Opening balance

49900 · Uncategorized Income -SPLIT-

200.00

4,708.68

4,908.68

Invoice

03/15/2021 2

Stanton, Mike

-SPLIT-

1,659.35

Invoice

03/16/2021 3

Fowler, Gerry

-SPLIT-

4,094.50

Payment

03/20/2021 401

Grady's Bindery

12000 · Undeposited Funds

Payment

03/31/2021 3001

Stanton, Mike

12000 · Undeposited Funds

Total 11000 · Accounts Receivable

10,662.53

6,568.03 10,662.53 4,708.68

5,953.85

1,659.35

4,294.50

6,368.03

12000 · Undeposited Funds

4,294.50 0.00

Payment

03/20/2021 401

Grady's Bindery

Deposit

03/20/2021 401

Grady's Bindery

Payment

03/31/2021 3001

Stanton, Mike

Deposit

03/31/2021 3001

Stanton, Mike

11000 · Accounts Receivable Deposit

10100 · Checking

Deposit

10100 · Checking

11000 · Accounts Receivable

Total 12000 · Undeposited Funds

4,708.68

4,708.68 4,708.68

1,659.35

1,659.35 1,659.35

6,368.03

0.00 0.00

6,368.03

0.00

2,300.00

-2,300.00

12100 · Inventory Asset

0.00 Invoice

03/05/2021 1

Grady's Bindery

-MULTIPLE-

11000 · Accounts Receivable

Bill

03/07/2021

Astarte Supply

-MULTIPLE-

20000 · Accounts Payable

5,200.00

20000 · Accounts Payable

1,200.00

2,900.00

Bill

03/13/2021

Astarte Supply

-MULTIPLE-

Invoice

03/15/2021 2

Stanton, Mike

-MULTIPLE-

11000 · Accounts Receivable

800.00

3,300.00

Invoice

03/16/2021 3

Fowler, Gerry

48" Riding Mower

11000 · Accounts Receivable

2,000.00

1,300.00

5,100.00

1,300.00

Deposit

03/01/2021

Account Opening Balance

30000 · Opening Balance Equity

General Journal

03/31/2021 ADJ1

Total 12100 · Inventory Asset

6,400.00

4,100.00

12500 · Supplies on Hand

0.00

500.00

64800 · Supplies Expense

Total 12500 · Supplies on Hand

500.00

500.00 150.00

350.00

150.00

350.00

14000 · Store Fixtures

0.00

14100 · Store Fixtures Cost

0.00 General Journal

03/01/2021 2

Account Opening Balance

30000 · Opening Balance Equity

Total 14100 · Store Fixtures Cost

2,500.00 2,500.00

2,500.00 0.00

2,500.00

35.00

-35.00

35.00

-35.00

35.00

2,465.00

14200 · Acc Depr Store Fixtures

0.00 General Journal

03/31/2021 ADJ2

62400 · Depreciation Expense

Total 14200 · Acc Depr Store Fixtures

0.00

Total 14000 · Store Fixtures

2,500.00

20000 · Accounts Payable

0.00 Bill

03/02/2021

Marcus Mower Sales & Repairs

64800 · Supplies Expense

Bill

03/07/2021

Astarte Supply

-SPLIT-

Bill

03/13/2021

Astarte Supply

-SPLIT-

300.00

-300.00

5,200.00

-5,500.00

1,200.00

-6,700.00

Bill Pmt -Check

03/29/2021 602

Astarte Supply

4001

10100 · Checking

5,200.00

-1,500.00

Bill Pmt -Check

03/29/2021 603

Marcus Mower Sales & Repairs

4002

10100 · Checking

300.00

-1,200.00

Bill Pmt -Check

03/31/2021 604

Astarte Supply

4001

10100 · Checking

1,200.00

Total 20000 · Accounts Payable

6,700.00

0.00 6,700.00

0.00

15.00

-15.00

15.00

-15.00

21000 · Interest Payable

0.00 General Journal

03/31/2021 ADJ3

63400 · Interest Expense

Total 21000 · Interest Payable

0.00

25500 · Sales Tax Payable

0.00 Invoice

03/05/2021 1

California State Board of Equalization

State Sales Tax

11000 · Accounts Receivable

338.68

-338.68

Invoice

03/15/2021 2

California State Board of Equalization

State Sales Tax

11000 · Accounts Receivable

119.35

-458.03

Invoice

03/16/2021 3

California State Board of Equalization

State Sales Tax

11000 · Accounts Receivable

294.50

-752.53

Total 25500 · Sales Tax Payable

0.00

752.53

-752.53

2,000.00

-2,000.00

2,000.00

-2,000.00

2,400.00

-2,400.00

26000 · Notes Payable

0.00 General Journal

03/01/2021 1

Account Opening Balance

30000 · Opening Balance Equity

Total 26000 · Notes Payable

0.00

30000 · Opening Balance Equity

0.00 Deposit

03/01/2021

Account Opening Balance

10100 · Checking

General Journal

03/01/2021 1

Account Opening Balance

26000 · Notes Payable

Deposit

03/01/2021

2,000.00

-400.00

Account Opening Balance

12500 · Supplies on Hand

500.00

Account Opening Balance

14100 · Store Fixtures Cost

2,500.00

-3,400.00

200.00

-3,600.00

General Journal

03/01/2021 2

General Journal

03/01/2021 Open ADJ1

49900 · Uncategorized Income

General Journal

03/01/2021 Open ADJ2

30100 · Capital Stock

Total 30000 · Opening Balance Equity

3,600.00 5,600.00

-900.00

0.00 5,600.00

0.00

30000 · Opening Balance Equity

3,600.00

-3,600.00

15,000.00

-18,600.00

0.00 18,600.00

-18,600.00

30100 · Capital Stock

0.00

General Journal

03/01/2021 Open ADJ2

Deposit

03/01/2021

-MULTIPLE-

Deposit

10100 · Checking

Invoice

03/05/2021 1

Grady's Bindery

-MULTIPLE-

11000 · Accounts Receivable

4,370.00

-4,370.00

Invoice

03/15/2021 2

Stanton, Mike

-MULTIPLE-

11000 · Accounts Receivable

1,540.00

-5,910.00

Invoice

03/16/2021 3

Fowler, Gerry

48" Riding Mower

11000 · Accounts Receivable

Total 30100 · Capital Stock 46000 · Merchandise Sales

0.00

Total 46000 · Merchandise Sales

0.00

3,800.00

-9,710.00

9,710.00

-9,710.00

200.00

-200.00

49900 · Uncategorized Income

0.00 Invoice

03/01/2021

General Journal

03/01/2021 Open ADJ1

Fowler, Gerry

Invoice

03/05/2021 1

Grady's Bindery

Invoice

03/15/2021 2

Invoice

03/16/2021 3

Opening balance

11000 · Accounts Receivable 30000 · Opening Balance Equity

200.00

-MULTIPLE-

11000 · Accounts Receivable

2,300.00

Stanton, Mike

-MULTIPLE-

11000 · Accounts Receivable

800.00

3,100.00

Fowler, Gerry

48" Riding Mower

11000 · Accounts Receivable

Total 49900 · Uncategorized Income

200.00

0.00 200.00

50000 · Cost of Goods Sold

0.00 0.00

Total 50000 · Cost of Goods Sold

2,000.00 5,100.00

5,100.00 0.00

62400 · Depreciation Expense

5,100.00 0.00

General Journal

03/31/2021 ADJ2

Total 62400 · Depreciation Expense 63400 · Interest Expense

Computer Accounting with QuickBooks 2015 by Donna Kay

14200 · Acc Depr Store Fixtures

35.00 35.00

35.00 0.00

10. 26

Exploring QuickBooks with Rock Castle Construction

Type General Journal

Date

Num

03/31/2021 ADJ3

Adj

Name

Memo

Split 21000 · Interest Payable

Total 63400 · Interest Expense

Debit

Credit

15.00 15.00

Balance 15.00

0.00

64800 · Supplies Expense

15.00 0.00

Bill

03/02/2021

Marcus Mower Sales & Repairs

General Journal

03/31/2021 ADJ1

Check

03/01/2021 601

Hartzheim Leasing

Check

03/31/2021 605

Hartzheim Leasing

20000 · Accounts Payable

300.00

12500 · Supplies on Hand

150.00

450.00

4003

10100 · Checking

800.00

4003

10100 · Checking

800.00

1,600.00

Total 64800 · Supplies Expense

450.00

0.00

67100 · Rent Expense

450.00 0.00

Total 67100 · Rent Expense TOTAL

Computer Accounting with QuickBooks 2015 by Donna Kay

0.00

1,600.00

69,898.59 69,898.59

1,600.00

0.00

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 27

QB CASE 10 PROFIT & LOSS

! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 28

Exploring QuickBooks with Rock Castle Construction

QB CASE 10 BALANCE SHEET

! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 10 Merchandising Corporation: Sales, Purchases & Inventory 10. 29

QB CASE 10 STATEMENT OF CASH FLOWS

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

10. 30

Exploring QuickBooks with Rock Castle Construction

QB CASE 10 ACCOUNTS RECEIVABLE AGING SUMMARY

! QB CASE 10 FINANCIAL STATEMENT DISCUSSION QUESTIONS Step 1 See QuickBooks Case 10.8 Reports.

Step 2 The Supplies Expense balance on 03/31/2021 is $450. This amount is calculated as $300 of supplies purchased and recorded as supplies expense plus $150 of supplies on hand that were used during the period. Total Supplies Expense for the period can be calculated as follows:

Beginning Balance of Supplies on Hand $500 Less: Ending Balance of Supplies on Hand 350 Supplies on Hand used during the period 150 Add: Supplies expensed at time of purchase 300 Total Supplies Expense $450

Step 3 Sales tax payable is $752.53.

Step 4 The Aging Summary can be used by a business to track accounts receivable that are past due. It should be run at least monthly. In this case, the company can see that all accounts receivable are current. If any accounts were past due, the company should take action to track and collect the past due accounts.

QB CASE 10 ANALYSIS AND RECOMMENDATIONS Tomaso’s Mowers & More realized only $2,510 in profit for the month. To improve profitability, Tomaso might consider increasing gross profit by finding another supplier and buying quality merchandise at a lower cost. Another option is to increase sales, perhaps by using marketing or social media to reach new customers.

Computer Accounting with QuickBooks 2015 by Donna Kay

! CHAPTER 11 ! ! !

MERCHANDISING CORPORATION: PAYROLL ! INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

11. 2

Exploring QuickBooks with Rock Castle Construction

CHAPTER 11 QUICK CHECK £ £ £ £ £ £ £ £

£

CHAPTER 11 Deposit Summary * Employee List Voucher Paychecks * Journal Payroll Liability Checks * Payroll Item Detail Report * Payroll Summary Report EXERCISE 11.2 Form 941 EXERCISE 11.3 Form W-3

PROJECT 11 QUICK CHECK PROJECT 11

£ * Employee List £ * Payroll Transaction Detail

QUICKBOOKS CASE 11 QUICK CHECK £ £ £ £

! ! ! ! ! !

QB CASE 11 * Employee List Paychecks Payroll Liability Checks * 941 Tax Summary

! !

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 11 Merchandising Corporation: Payroll 11. 3

CHAPTER 11 DEPOSIT SUMMARY

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

11. 4

Exploring QuickBooks with Rock Castle Construction

CHAPTER 11 EMPLOYEE LIST

! ! ! ! ! ! ! ! ! ! ! !

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 11 Merchandising Corporation: Payroll 11. 5

CHAPTER 11 VOUCHER PAYCHECKS

YourName Chapter 11 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

2/15/2021 **802.54

Wil Miles

Eight Hundred Two and 54/100******************************************************************************************** Wil Miles 67 Dottie Lane Bayshore, CA 94326 Pay Period: 02/01/2021 - 02/14/2021

Employee Wil Miles, 67 Dottie Lane, Bayshore, CA 94326 Earnings and Hours Salary

Qty

SSN Status (Fed/State) ***-**-1440 Married/Married (one income) Pay Period: 02/01/2021 - 02/14/2021 Rate

Current 961.54

YTD Amount 961.54

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -75.00 -60.00 -14.00 0.00 0.00 -149.00

YTD Amount

Adjustments to Net Pay Charity Donation

Current -10.00

YTD Amount -10.00

Net Pay Paid Time Off Vacation

Earned 4:36

Allowances/Extra Fed-2/0/CA-2 Pay Date: 02/15/2021

-75.00 -60.00 -14.00 -149.00

802.54

YTD Used

Available 4:36

YourName Chapter 11 Paint Palette Store, 2301 Olive Boulevard, Bayshore, CA 94326, YourName Chapter 10 Paint Palette Store

Employee Wil Miles, 67 Dottie Lane, Bayshore, CA 94326 Earnings and Hours Salary

Qty

SSN Status (Fed/State) ***-**-1440 Married/Married (one income) Pay Period: 02/01/2021 - 02/14/2021 Rate

Current 961.54

YTD Amount 961.54

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -75.00 -60.00 -14.00 0.00 0.00 -149.00

YTD Amount

Adjustments to Net Pay Charity Donation

Current -10.00

YTD Amount -10.00

Net Pay Paid Time Off Vacation

Earned 4:36

Allowances/Extra Fed-2/0/CA-2 Pay Date: 02/15/2021

-75.00 -60.00 -14.00 -149.00

802.54

YTD Used

Available 4:36

YourName Chapter 11 Paint Palette Store, 2301 Olive Boulevard, Bayshore, CA 94326, YourName Chapter 10 Paint Palette Store

Computer Accounting with QuickBooks 2015 by Donna Kay

11. 6

Exploring QuickBooks with Rock Castle Construction

YourName Chapter 11 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

3/1/2021 **802.54

Wil Miles

Employee Wil Miles, 67 Dottie Lane, Bayshore, CA 94326 Earnings and Hours Salary

Qty

SSN Status (Fed/State) ***-**-1440 Married/Married (one income) Pay Period: 02/15/2021 - 02/28/2021 Current 961.54

YTD Amount 1,923.08

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -75.00 -60.00 -14.00 0.00 0.00 -149.00

YTD Amount

Adjustments to Net Pay Charity Donation

Current -10.00

YTD Amount -20.00

Net Pay

802.54

1,605.08

YTD Used

Available 9:12

Paid Time Off Vacation

Rate

Earned 4:36

Allowances/Extra Fed-2/0/CA-2 Pay Date: 03/01/2021

-150.00 -120.00 -28.00 -298.00

YourName Chapter 11 Paint Palette Store, 2301 Olive Boulevard, Bayshore, CA 94326, YourName Chapter 10 Paint Palette Store

Employee Wil Miles, 67 Dottie Lane, Bayshore, CA 94326 Earnings and Hours Salary

Qty

SSN Status (Fed/State) ***-**-1440 Married/Married (one income) Pay Period: 02/15/2021 - 02/28/2021 Rate

Current 961.54

YTD Amount 1,923.08

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -75.00 -60.00 -14.00 0.00 0.00 -149.00

YTD Amount

Adjustments to Net Pay Charity Donation

Current -10.00

YTD Amount -20.00

Net Pay Paid Time Off Vacation

Earned 4:36

Allowances/Extra Fed-2/0/CA-2 Pay Date: 03/01/2021

-150.00 -120.00 -28.00 -298.00

802.54

1,605.08

YTD Used

Available 9:12

YourName Chapter 11 Paint Palette Store, 2301 Olive Boulevard, Bayshore, CA 94326, YourName Chapter 10 Paint Palette Store

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 11 Merchandising Corporation: Payroll 11. 7

YourName Chapter 11 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

3/15/2021 **802.54

Wil Miles

Employee Wil Miles, 67 Dottie Lane, Bayshore, CA 94326 Earnings and Hours Salary

Qty

SSN Status (Fed/State) ***-**-1440 Married/Married (one income) Pay Period: 03/01/2021 - 03/14/2021 Current 961.54

YTD Amount 2,884.62

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -75.00 -60.00 -14.00 0.00 0.00 -149.00

YTD Amount

Adjustments to Net Pay Charity Donation

Current -10.00

YTD Amount -30.00

Net Pay

802.54

2,407.62

YTD Used

Available 13:48

Paid Time Off Vacation

Rate

Earned 4:36

Allowances/Extra Fed-2/0/CA-2 Pay Date: 03/15/2021

-225.00 -180.00 -42.00 -447.00

YourName Chapter 11 Paint Palette Store, 2301 Olive Boulevard, Bayshore, CA 94326, YourName Chapter 10 Paint Palette Store

Employee Wil Miles, 67 Dottie Lane, Bayshore, CA 94326 Earnings and Hours Salary

Current 961.54

YTD Amount 2,884.62

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -75.00 -60.00 -14.00 0.00 0.00 -149.00

YTD Amount

Adjustments to Net Pay Charity Donation

Current -10.00

YTD Amount -30.00

Net Pay

802.54

2,407.62

YTD Used

Available 13:48

Paid Time Off Vacation

Qty

SSN Status (Fed/State) ***-**-1440 Married/Married (one income) Pay Period: 03/01/2021 - 03/14/2021 Rate

Earned 4:36

Allowances/Extra Fed-2/0/CA-2 Pay Date: 03/15/2021

-225.00 -180.00 -42.00 -447.00

YourName Chapter 11 Paint Palette Store, 2301 Olive Boulevard, Bayshore, CA 94326, YourName Chapter 10 Paint Palette Store

Computer Accounting with QuickBooks 2015 by Donna Kay

11. 8

Exploring QuickBooks with Rock Castle Construction

YourName Chapter 11 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

3/29/2021 **802.54

Wil Miles

Employee Wil Miles, 67 Dottie Lane, Bayshore, CA 94326 Earnings and Hours Salary

Qty

SSN Status (Fed/State) ***-**-1440 Married/Married (one income) Pay Period: 03/15/2021 - 03/28/2021 Current 961.54

YTD Amount 3,846.16

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -75.00 -60.00 -14.00 0.00 0.00 -149.00

YTD Amount

Adjustments to Net Pay Charity Donation

Current -10.00

YTD Amount -40.00

Net Pay

802.54

3,210.16

YTD Used

Available 18:24

Paid Time Off Vacation

Rate

Earned 4:36

Allowances/Extra Fed-2/0/CA-2 Pay Date: 03/29/2021

-300.00 -240.00 -56.00 -596.00

YourName Chapter 11 Paint Palette Store, 2301 Olive Boulevard, Bayshore, CA 94326, YourName Chapter 10 Paint Palette Store

Employee Wil Miles, 67 Dottie Lane, Bayshore, CA 94326 Earnings and Hours Salary

Current 961.54

YTD Amount 3,846.16

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -75.00 -60.00 -14.00 0.00 0.00 -149.00

YTD Amount

Adjustments to Net Pay Charity Donation

Current -10.00

YTD Amount -40.00

Net Pay

802.54

3,210.16

YTD Used

Available 18:24

Paid Time Off Vacation

Qty

SSN Status (Fed/State) ***-**-1440 Married/Married (one income) Pay Period: 03/15/2021 - 03/28/2021 Rate

Earned 4:36

Allowances/Extra Fed-2/0/CA-2 Pay Date: 03/29/2021

-300.00 -240.00 -56.00 -596.00

YourName Chapter 11 Paint Palette Store, 2301 Olive Boulevard, Bayshore, CA 94326, YourName Chapter 10 Paint Palette Store

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 11 Merchandising Corporation: Payroll 11. 9

CHAPTER 11 JOURNAL

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

11. 10

Exploring QuickBooks with Rock Castle Construction

CHAPTER 11 PAYROLL LIABILITY CHECKS YourName Chapter 11 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

3/10/2021 **223.00

United States Treasury

Two Hundred Twenty-Three and 00/100**********************************************************************************

37-9875602

United States Treasury Federal Withholding Medicare Company Medicare Employee Social Security Company Social Security Employee

Checking

75.00 14.00 14.00 60.00 60.00

37-9875602

United States Treasury Federal Withholding Medicare Company Medicare Employee Social Security Company Social Security Employee

Checking

3/10/2021

37-9875602

Computer Accounting with QuickBooks 2015 by Donna Kay

223.00

3/10/2021 75.00 14.00 14.00 60.00 60.00

223.00

Chapter 11 Merchandising Corporation: Payroll 11. 11

YourName Chapter 11 Paint Palette Store 2301 Olive Boulevard Bayshore, CA 94326

4/10/2021

United States Treasury

**669.00

Six Hundred Sixty-Nine and 00/100***************************************************************************************

37-9875602

United States Treasury Federal Withholding Medicare Company Medicare Employee Social Security Company Social Security Employee

Checking

225.00 42.00 42.00 180.00 180.00

37-9875602

United States Treasury Federal Withholding Medicare Company Medicare Employee Social Security Company Social Security Employee

Checking

4/10/2021

37-9875602

Computer Accounting with QuickBooks 2015 by Donna Kay

669.00

4/10/2021 225.00 42.00 42.00 180.00 180.00

669.00

11. 12

Exploring QuickBooks with Rock Castle Construction

CHAPTER 11 PAYROLL ITEM DETAIL

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 11 Merchandising Corporation: Payroll 11. 13

CHAPTER 11 PAYROLL SUMMARY REPORT

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

11. 14

Exploring QuickBooks with Rock Castle Construction

EXERCISE 11.2 FORM 941

941 for 2014: Employer’s QUARTERLY Federal Tax Return

Form (Rev. January 2014)

950114 OMB No. 1545-0029

Department of the Treasury — Internal Revenue Service

Report for this Quarter of 2014

—

Employer identification number (EIN)

(Check one.)

1: January, February, March

Name (not your trade name)

2: April, May, June

Trade name (if any)

3: July, August, September 4: October, November, December

Address Number

Street

Suite or room number

City

State

Foreign country name

Instructions and prior year forms are available at www.irs.gov/form941.

ZIP code

Foreign postal code

Foreign province/county

Read the separate instructions before you complete Form 941. Type or print within the boxes.

Part 1: 1

Answer these questions for this quarter.

Number of employees who received wages, tips, or other compensation for the pay period including: Mar. 12 (Quarter 1), June 12 (Quarter 2), Sept. 12 (Quarter 3), or Dec. 12 (Quarter 4)

Wages, tips, and other compensation

Federal income tax withheld from wages, tips, and other compensation .

If no wages, tips, and other compensation are subject to social security or Medicare tax

Taxable social security wages .

Column 1

Column 2

. . . .

× .124 =

Taxable social security tips .

Taxable Medicare wages & tips.

Taxable wages & tips subject to Additional Medicare Tax withholding

Add Column 2 from lines 5a, 5b, 5c, and 5d

Section 3121(q) Notice and Demand—Tax due on unreported tips (see instructions)

Total taxes before adjustments. Add lines 3, 5e, and 5f .

Current quarter’s adjustment for fractions of cents .

Current quarter’s adjustment for sick pay .

Current quarter’s adjustments for tips and group-term life insurance

Total taxes after adjustments. Combine lines 6 through 9

× .124 = × .029 = × .009 =

Check and go to line 6.

. . . .

Balance due. If line 10 is more than line 11, enter the difference and see instructions

Overpayment. If line 11 is more than line 10, enter the difference

. .

Check one:

. . . . . . . . . Apply to next return.

Next Na

a You MUST complete both pages of Form 941 and SIGN it.

For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher.

Computer Accounting with QuickBooks 2015 by Donna Kay

Send a refund.

Cat. No. 17001Z

Form 941 (Rev. 1-2014)

Chapter 11 Merchandising Corporation: Payroll 11. 15

950214 Name (not your trade name)

Part 2:

Employer identification number (EIN)

Tell us about your deposit schedule and tax liability for this quarter.

If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see Pub. 15 (Circular E), section 11. 14 Check one:

You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability for the quarter, then go to Part 3. Tax liability:

. . . .

Month 1 Month 2 Month 3

Total liability for quarter

Total must equal line 10.

You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941.

Part 3:

Tell us about your business. If a question does NOT apply to your business, leave it blank.

15 If your business has closed or you stopped paying wages .

Check here, and

16 If you are a seasonal employer and you do not have to file a return for every quarter of the year

Check here.

enter the final date you paid wages

Part 4:

May we speak with your third-party designee?

Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details.

Yes. Designee’s name and phone number Select a 5-digit Personal Identification Number (PIN) to use when talking to the IRS. No.

Part 5:

Sign here. You MUST complete both pages of Form 941 and SIGN it.

Print your name here

Sign your name here

Date

Print your title here /

Best daytime phone

Paid Preparer Use Only

Check if you are self-employed

Preparer’s name

PTIN

Preparer’s signature

Date

Firm’s name (or yours if self-employed)

EIN

Address

Phone

City Page 2

Computer Accounting with QuickBooks 2015 by Donna Kay

State

ZIP code Form 941 (Rev. 1-2014)

11. 16

Exploring QuickBooks with Rock Castle Construction

Form 941-V, Payment Voucher Purpose of Form

Specific Instructions

Complete Form 941-V, Payment Voucher, if you are making a payment with Form 941, Employer’s QUARTERLY Federal Tax Return. We will use the completed voucher to credit your payment more promptly and accurately, and to improve our service to you.

Box 1—Employer identification number (EIN). If you do not have an EIN, you may apply for one online. Go to IRS.gov and click on the Apply for an EIN Online link under Tools. You may also apply for an EIN by faxing or mailing Form SS-4, Application for Employer Identification Number, to the IRS. If you have not received your EIN by the due date of Form 941, write “Applied For” and the date you applied in this entry space. Box 2—Amount paid. Enter the amount paid with Form 941. Box 3—Tax period. Darken the circle identifying the quarter for which the payment is made. Darken only one circle. Box 4—Name and address. Enter your name and address as shown on Form 941. • Enclose your check or money order made payable to the "United States Treasury." Be sure to enter your EIN, "Form 941," and the tax period on your check or money order. Do not send cash. Do not staple Form 941-V or your payment to Form 941 (or to each other). • Detach Form 941-V and send it with your payment and Form 941 to the address in the Instructions for Form 941. Note. You must also complete the entity information above Part 1 on Form 941.

To avoid a penalty, make your payment with Form 941 only if: • Your total taxes after adjustments for either the current quarter or the preceding quarter (Form 941, line 10) are less than $2,500, you did not incur a $100,000 next-day deposit obligation during the current quarter, and you are paying in full with a timely filed return, or • You are a monthly schedule depositor making a payment in accordance with the Accuracy of Deposits Rule. See section 11 of Pub. 15 (Circular E), Employer's Tax Guide, for details. In this case, the amount of your payment may be $2,500 or more. Otherwise, you must make deposits by electronic funds transfer. See section 11 of Pub. 15 (Circular E) for deposit instructions. Do not use Form 941-V to make federal tax deposits. Caution. Use Form 941-V when making any payment with Form 941. However, if you pay an amount with Form 941 that should have been deposited, you may be subject to a penalty. See Deposit Penalties in section 11 of Pub. 15 (Circular E).

Form

Detach Here and Mail With Your Payment and Form 941.

941-V

Payment Voucher

Department of the Treasury Internal Revenue Service

OMB No. 1545-0029

2014

a Do not staple this voucher or your payment to Form 941.

Enter your employer identification number (EIN).

Making Payments With Form 941

Dollars

Cents

Enter the amount of your payment. a Make your check or money order payable to “United States Treasury” 4 Enter your business name (individual name if sole proprietor).

3 Tax Period

1st Quarter

3rd Quarter

2nd Quarter

4th Quarter

Enter your address. Enter your city, state, and ZIP code or your city, foreign country name, foreign province/county, and foreign postal code.

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 11 Merchandising Corporation: Payroll 11. 17

Form 941 (Rev. 1-2014)

Privacy Act and Paperwork Reduction Act Notice. We ask for the information on Form 941 to carry out the Internal Revenue laws of the United States. We need it to figure and collect the right amount of tax. Subtitle C, Employment Taxes, of the Internal Revenue Code imposes employment taxes on wages and provides for income tax withholding. Form 941 is used to determine the amount of taxes that you owe. Section 6011 requires you to provide the requested information if the tax is applicable to you. Section 6109 requires you to provide your identification number. If you fail to provide this information in a timely manner, or provide false or fraudulent information, you may be subject to penalties. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books and records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. However, section 6103 allows or requires the IRS to disclose or give the information shown on your tax return to others as described in the Code. For example, we may disclose your tax information to the Department of

Justice for civil and criminal litigation, and to cities, states, the District of Columbia, and U.S. commonwealths and possessions for use in administering their tax laws. We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism. The time needed to complete and file Form 941 will vary depending on individual circumstances. The estimated average time is: Recordkeeping . . . . . . . . . . . . . 11 hr. Learning about the law or the form . . . . 47 min. Preparing, copying, assembling, and sending the form to the IRS . . . . . . . . 1 hr. If you have comments concerning the accuracy of these time estimates or suggestions for making Form 941 simpler, we would be happy to hear from you. You can send us comments from www.irs.gov/formspubs. Click on More Information and then click on Comment on Tax Forms and Publications. Or you can send your comments to Internal Revenue Service, Tax Forms and Publications Division, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Do not send Form 941 to this address. Instead, see Where Should You File? in the Instructions for Form 941.

Computer Accounting with QuickBooks 2015 by Donna Kay

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Exploring QuickBooks with Rock Castle Construction

EXERCISE 11.3 FORM W-3 DO NOT STAPLE a Control number

33333

(Check one)

941

Military

943

CT-1

Hshld. emp.

Medicare govt. emp.

944

Kind of Employer (Check one)

d Establishment number

Kind of Payer

OMB No. 1545-0008

For Official Use Only a None apply

501c non-govt.

State/local non-501c

State/local 501c

Third-party sick pay Federal govt.

1 Wages, tips, other compensation

2 Federal income tax withheld

e Employer identification number (EIN)

3 Social security wages

4 Social security tax withheld

f Employer’s name

5 Medicare wages and tips

6 Medicare tax withheld

7 Social security tips

8 Allocated tips

c Total number of Forms W-2

(Check if applicable)

10 Dependent care benefits

9 11 Nonqualified plans

12a Deferred compensation

h Other EIN used this year

13 For third-party sick pay use only

12b

15 State

14 Income tax withheld by payer of third-party sick pay

g Employer’s address and ZIP code

Employer’s state ID number

16 State wages, tips, etc.

17 State income tax

18 Local wages, tips, etc.

19 Local income tax

Employer's contact person

Employer's telephone number

Employer's fax number

Employer's email address

For Official Use Only

Under penalties of perjury, I declare that I have examined this return and accompanying documents and, to the best of my knowledge and belief, they are true, correct, and complete. Signature a Form

Date a

Title a

W-3 Transmittal of Wage and Tax Statements

2015

Department of the Treasury Internal Revenue Service

Send this entire page with the entire Copy A page of Form(s) W-2 to the Social Security Administration (SSA). Photocopies are not acceptable. Do not send Form W-3 if you filed electronically with the SSA. Do not send any payment (cash, checks, money orders, etc.) with Forms W-2 and W-3.

Reminder Separate instructions. See the 2015 General Instructions for Forms W-2 and W-3 for information on completing this form. Do not file Form W-3 for Form(s) W-2 that were submitted electronically to the SSA.

Purpose of Form A Form W-3 Transmittal is completed only when paper Copy A of Form(s) W-2, Wage and Tax Statement, is being filed. Do not file Form W-3 alone. All paper forms must comply with IRS standards and be machine readable. Photocopies are not acceptable. Use a Form W-3 even if only one paper Form W-2 is being filed. Make sure both the Form W-3 and Form(s) W-2 show the correct tax year and Employer Identification Number (EIN). Make a copy of this form and keep it with Copy D (For Employer) of Form(s) W-2 for your records. The IRS recommends retaining copies of these forms for four years.

When To File

E-Filing

Mail Form W-3 with Copy A of Form(s) W-2 by February 29, 2016.

The SSA strongly suggests employers report Form W-3 and Forms W-2 Copy A electronically instead of on paper. The SSA provides two free e-filing options on its Business Services Online (BSO) website: • W-2 Online. Use fill-in forms to create, save, print, and submit up to 50 Forms W-2 at a time to the SSA. • File Upload. Upload wage files to the SSA you have created using payroll or tax software that formats the files according to the SSA’s Specifications for Filing Forms W-2 Electronically (EFW2). W-2 Online fill-in forms or file uploads will be on time if submitted by March 31, 2016. For more information, go to www.socialsecurity.gov/ employer. First time filers, select “Go to Register”; returning filers select “Go To Log In.”

Where To File Paper Forms Send this entire page with the entire Copy A page of Form(s) W-2 to:

Social Security Administration Data Operations Center Wilkes-Barre, PA 18769-0001 Note. If you use “Certified Mail” to file, change the ZIP code to “18769-0002.” If you use an IRS-approved private delivery service, add “ATTN: W-2 Process, 1150 E. Mountain Dr.” to the address and change the ZIP code to “18702-7997.” See Publication 15 (Circular E), Employer’s Tax Guide, for a list of IRS-approved private delivery services.

For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 10159Y

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 11 Merchandising Corporation: Payroll 11. 19

PROJECT 11 EMPLOYEE LIST

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

! ! ! !

11. 20

Exploring QuickBooks with Rock Castle Construction

PROJECT 11 PAYROLL TRANSACTION DETAIL

Computer Accounting with QuickBooks 2015 by Donna Kay

! QUICKBOOKS CASE 11 CHAPTER 11 ! ! !

MERCHANDISING CORPORATION: PAYROLL ! INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

11. 2

Exploring QuickBooks with Rock Castle Construction

QUICKBOOKS CASE 11 QUICK CHECK £ £ £ £

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

QB CASE 11 * Employee List Paychecks Payroll Liability Checks * Payroll Summary

! !

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 11 Merchandising Corporation: Payroll 11. 3

QB CASE 11 EMPLOYEE LIST

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

! ! ! !

11. 4

Exploring QuickBooks with Rock Castle Construction

QB CASE 11 PAYCHECKS YourName QBCase 11 Tomaso's Mowers & More 2300 Olive Boulevard Bayshore, CA 94326

3/5/2021

Marcella Kolbe

**64.66

Sixty-Four and 66/100****************************************************************************************************** Marcella Kolbe 58 Appleton Drive Bayshore, CA 94326 Pay Period: 02/25/2021 - 03/03/2021

Employee Marcella Kolbe, 58 Appleton Drive, Bayshore, CA 94326 Earnings and Hours Hourly

Hours 12:00

Rate 8.00

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability Net Pay

SSN Status (Fed/State) ***-**-6767 Single/Single Pay Period: 02/25/2021 - 03/03/2021 Current 96.00

YTD Amount 96.00

Current 0.00 -19.20 -5.95 -1.39 -4.80 0.00 -31.34

YTD Amount

64.66

Allowances/Extra Fed-1/0/CA-1 Pay Date: 03/05/2021

-19.20 -5.95 -1.39 -4.80 -31.34

YourName QBCase 11 Tomaso's Mowers & More, 2300 Olive Boulevard, Bayshore, CA 94326

Employee Marcella Kolbe, 58 Appleton Drive, Bayshore, CA 94326 Earnings and Hours Hourly Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability Net Pay

Hours 12:00

Rate 8.00

SSN Status (Fed/State) ***-**-6767 Single/Single Pay Period: 02/25/2021 - 03/03/2021 Current 96.00

YTD Amount 96.00

Current 0.00 -19.20 -5.95 -1.39 -4.80 0.00 -31.34

YTD Amount

64.66

Allowances/Extra Fed-1/0/CA-1 Pay Date: 03/05/2021

-19.20 -5.95 -1.39 -4.80 -31.34

YourName QBCase 11 Tomaso's Mowers & More, 2300 Olive Boulevard, Bayshore, CA 94326

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 11 Merchandising Corporation: Payroll 11. 5

YourName QBCase 11 Tomaso's Mowers & More 2300 Olive Boulevard Bayshore, CA 94326

3/12/2021

Marcella Kolbe

**161.64

One Hundred Sixty-One and 64/100************************************************************************************** Marcella Kolbe 58 Appleton Drive Bayshore, CA 94326 Pay Period: 03/04/2021 - 03/10/2021

Employee Marcella Kolbe, 58 Appleton Drive, Bayshore, CA 94326 Earnings and Hours Hourly

Hours 30:00

Rate 8.00

SSN Status (Fed/State) ***-**-6767 Single/Single Pay Period: 03/04/2021 - 03/10/2021 Current 240.00

YTD Amount 336.00

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -48.00 -14.88 -3.48 -12.00 0.00 -78.36

YTD Amount

Net Pay

161.64

226.30

Allowances/Extra Fed-1/0/CA-1 Pay Date: 03/12/2021

-67.20 -20.83 -4.87 -16.80 -109.70

YourName QBCase 11 Tomaso's Mowers & More, 2300 Olive Boulevard, Bayshore, CA 94326

Employee Marcella Kolbe, 58 Appleton Drive, Bayshore, CA 94326 Earnings and Hours Hourly

Hours 30:00

Rate 8.00

SSN Status (Fed/State) ***-**-6767 Single/Single Pay Period: 03/04/2021 - 03/10/2021 Current 240.00

YTD Amount 336.00

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -48.00 -14.88 -3.48 -12.00 0.00 -78.36

YTD Amount

Net Pay

161.64

226.30

Allowances/Extra Fed-1/0/CA-1 Pay Date: 03/12/2021

-67.20 -20.83 -4.87 -16.80 -109.70

YourName QBCase 11 Tomaso's Mowers & More, 2300 Olive Boulevard, Bayshore, CA 94326

Computer Accounting with QuickBooks 2015 by Donna Kay

11. 6

Exploring QuickBooks with Rock Castle Construction

YourName QBCase 11 Tomaso's Mowers & More 2300 Olive Boulevard Bayshore, CA 94326

3/19/2021 **172.42

Marcella Kolbe

One Hundred Seventy-Two and 42/100*********************************************************************************** Marcella Kolbe 58 Appleton Drive Bayshore, CA 94326 Pay Period: 03/11/2021 - 03/17/2021

Employee Marcella Kolbe, 58 Appleton Drive, Bayshore, CA 94326 Earnings and Hours Hourly

Hours 32:00

Rate 8.00

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability Net Pay

SSN Status (Fed/State) ***-**-6767 Single/Single Pay Period: 03/11/2021 - 03/17/2021 Current 256.00

YTD Amount 592.00

Current 0.00 -51.20 -15.87 -3.71 -12.80 0.00 -83.58

YTD Amount

172.42

398.72

Allowances/Extra Fed-1/0/CA-1 Pay Date: 03/19/2021

-118.40 -36.70 -8.58 -29.60 -193.28

YourName QBCase 11 Tomaso's Mowers & More, 2300 Olive Boulevard, Bayshore, CA 94326

Hours 32:00

Rate 8.00

SSN Status (Fed/State) ***-**-6767 Single/Single Pay Period: 03/11/2021 - 03/17/2021 Current 256.00

YTD Amount 592.00

Current 0.00 -51.20 -15.87 -3.71 -12.80 0.00 -83.58

YTD Amount

172.42

398.72

Allowances/Extra Fed-1/0/CA-1 Pay Date: 03/19/2021

-118.40 -36.70 -8.58 -29.60 -193.28

YourName QBCase 11 Tomaso's Mowers & More, 2300 Olive Boulevard, Bayshore, CA 94326

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 11 Merchandising Corporation: Payroll 11. 7

YourName QBCase 11 Tomaso's Mowers & More 2300 Olive Boulevard Bayshore, CA 94326

3/26/2021 **150.86

Marcella Kolbe

One Hundred Fifty and 86/100********************************************************************************************* Marcella Kolbe 58 Appleton Drive Bayshore, CA 94326 Pay Period: 03/18/2021 - 03/24/2021

Employee Marcella Kolbe, 58 Appleton Drive, Bayshore, CA 94326 Earnings and Hours Hourly

Hours 28:00

Rate 8.00

SSN Status (Fed/State) ***-**-6767 Single/Single Pay Period: 03/18/2021 - 03/24/2021 Current 224.00

YTD Amount 816.00

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -44.80 -13.89 -3.25 -11.20 0.00 -73.14

YTD Amount

Net Pay

150.86

549.58

Allowances/Extra Fed-1/0/CA-1 Pay Date: 03/26/2021

-163.20 -50.59 -11.83 -40.80 -266.42

YourName QBCase 11 Tomaso's Mowers & More, 2300 Olive Boulevard, Bayshore, CA 94326

Employee Marcella Kolbe, 58 Appleton Drive, Bayshore, CA 94326 Earnings and Hours Hourly

Hours 28:00

Rate 8.00

SSN Status (Fed/State) ***-**-6767 Single/Single Pay Period: 03/18/2021 - 03/24/2021 Current 224.00

YTD Amount 816.00

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -44.80 -13.89 -3.25 -11.20 0.00 -73.14

YTD Amount

Net Pay

150.86

549.58

Allowances/Extra Fed-1/0/CA-1 Pay Date: 03/26/2021

-163.20 -50.59 -11.83 -40.80 -266.42

YourName QBCase 11 Tomaso's Mowers & More, 2300 Olive Boulevard, Bayshore, CA 94326

Computer Accounting with QuickBooks 2015 by Donna Kay

11. 8

Exploring QuickBooks with Rock Castle Construction

YourName QBCase 11 Tomaso's Mowers & More 2300 Olive Boulevard Bayshore, CA 94326

4/2/2021 **167.02

Marcella Kolbe

One Hundred Sixty-Seven and 02/100************************************************************************************ Marcella Kolbe 58 Appleton Drive Bayshore, CA 94326 Pay Period: 03/25/2021 - 03/31/2021

Employee Marcella Kolbe, 58 Appleton Drive, Bayshore, CA 94326 Earnings and Hours Hourly

Hours 31:00

Rate 8.00

SSN Status (Fed/State) ***-**-6767 Single/Single Pay Period: 03/25/2021 - 03/31/2021 Current 248.00

YTD Amount 1,064.00

Taxes Medicare Employee Addl Tax Federal Withholding Social Security Employee Medicare Employee CA - Withholding CA - Disability

Current 0.00 -49.60 -15.38 -3.60 -12.40 0.00 -80.98

YTD Amount

Net Pay

167.02

716.60

Allowances/Extra Fed-1/0/CA-1 Pay Date: 04/02/2021

-212.80 -65.97 -15.43 -53.20 -347.40

YourName QBCase 11 Tomaso's Mowers & More, 2300 Olive Boulevard, Bayshore, CA 94326

Hours 31:00

Rate 8.00

SSN Status (Fed/State) ***-**-6767 Single/Single Pay Period: 03/25/2021 - 03/31/2021 Current 248.00

YTD Amount 1,064.00

Current 0.00 -49.60 -15.38 -3.60 -12.40 0.00 -80.98

YTD Amount

167.02

716.60

Allowances/Extra Fed-1/0/CA-1 Pay Date: 04/02/2021

-212.80 -65.97 -15.43 -53.20 -347.40

YourName QBCase 11 Tomaso's Mowers & More, 2300 Olive Boulevard, Bayshore, CA 94326

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 11 Merchandising Corporation: Payroll 11. 9

QB CASE 11 PAYROLL LIABILITY CHECKS

YourName QBCase 11 Tomaso's Mowers & More 2300 Olive Boulevard Bayshore, CA 94326

4/10/2021 **40.80

EDD

Forty and 80/100************************************************************************************************************

888-8888-8

EDD CA - Withholding

Checking

4/10/2021 40.80

888-8888-8

EDD CA - Withholding

Checking

40.80

4/10/2021 40.80

888-8888-8

Computer Accounting with QuickBooks 2015 by Donna Kay

40.80

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11. 10

Exploring QuickBooks with Rock Castle Construction

YourName QBCase 11 Tomaso's Mowers & More 2300 Olive Boulevard Bayshore, CA 94326

4/10/2021 **288.04

United States Treasury

Two Hundred Eighty-Eight and 04/100************************************************************************************

37-7879146

United States Treasury Federal Withholding Medicare Company Medicare Employee Social Security Company Social Security Employee

Checking

163.20 11.83 11.83 50.59 50.59

37-7879146

United States Treasury Federal Withholding Medicare Company Medicare Employee Social Security Company Social Security Employee

Checking

4/10/2021

37-7879146

Computer Accounting with QuickBooks 2015 by Donna Kay

288.04

4/10/2021 163.20 11.83 11.83 50.59 50.59

288.04

Chapter 11 Merchandising Corporation: Payroll 11. 11

QB CASE 11 PAYROLL SUMMARY

! !

Computer Accounting with QuickBooks 2015 by Donna Kay

! CHAPTER 12 ! ! !

ADVANCED ! QUICKBOOKS FEATURES FOR ACCOUNTANTS INSTRUCTOR NOTE:

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

12. 2

QuickBooks Accounting for Entrepreneurs

CHAPTER 12 QUICK CHECK

CHAPTER 12 £ * Profit & Loss Budget £ Estimate £ Invoice Nos. 11 and 12 £ Deposit Summary £ * Customer Balance Detail £ * Profit & Loss £ * Balance Sheet £ * Statement of Cash Flows £ Invoice No. 13 £ * Audit Trail Report EXERCISE 12.1 £ QuickBooks Apps EXERCISE 12.2 £ Accountant Center EXERCISE 12.3 £ IRS Form 4868 and Instructions

PROJECT 12 QUICK CHECK PROJECT 12

! ! ! ! ! ! !

£ * P&L Budget

Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 12 Advanced QuickBooks Features for Accountants 12. 3

CHAPTER 12 PROFIT & LOSS BUDGET

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

12. 4

QuickBooks Accounting for Entrepreneurs

CHAPTER 12 ESTIMATE

Estimate

YourName Chapter 12 Paint Palette 127 Ashuer Boulevard Bayshore, CA 94326

Date

Estimate #

1/5/2021

Name / Address Marcus Cafe 10 Shanghai Blvd Bayshore, CA 94326

Project

Description Labor: Exterior Painting Labor: Interior Painting

Qty

Rate 40 65

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Total 30.00 20.00

1,200.00 1,300.00

$2,500.00

Chapter 12 Advanced QuickBooks Features for Accountants 12. 5

CHAPTER 12 INVOICE NOS. 11 AND 12

YourName Chapter 12 Paint Palette

Invoice

127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

1/5/2021

Bill To Marcus Cafe 10 Shanghai Blvd Bayshore, CA 94326

P.O. No.

Item Labor E...

Description Labor: Exterior Painting

Est Amt

Prior Amt

1,200.00

Prior %

Terms

Qty

Rate 25

30.00

Project

Curr %

Total %

Amount

62.50%

750.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

$750.00

Payments/Credits

$0.00

Balance Due

$750.00

12. 6

QuickBooks Accounting for Entrepreneurs

YourName Chapter 12 Paint Palette

Invoice

127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

1/12/2021

Bill To Marcus Cafe 10 Shanghai Blvd Bayshore, CA 94326

P.O. No.

Item

Description

Labor E... Labor: Exterior Painting Labor In... Labor: Interior Painting

Est Amt

Prior Amt

Prior %

1,200.00 1,300.00

750.00

62.50%

Terms

Qty

Rate 15 6.5

30.00 20.00

Project

Curr %

Total %

Amount

37.50% 10.00%

100.00% 10.00%

450.00 130.00

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

$580.00

Payments/Credits

$0.00

Balance Due

$580.00

Chapter 12 Advanced QuickBooks Features for Accountants 12. 7

CHAPTER 12 DEPOSIT SUMMARY

CHAPTER 12 CUSTOMER BALANCE DETAIL

! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

12. 8

QuickBooks Accounting for Entrepreneurs

CHAPTER 12 PROFIT & LOSS

! ! ! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 12 Advanced QuickBooks Features for Accountants 12. 9

CHAPTER 12 BALANCE SHEET

Computer Accounting with QuickBooks 2015 by Donna Kay

12. 10

QuickBooks Accounting for Entrepreneurs

CHAPTER 12 STATEMENT OF CASH FLOWS

! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 12 Advanced QuickBooks Features for Accountants 12. 11

CHAPTER 12 INVOICE NO. 13

Invoice

YourName Chapter 12 Paint Palette 127 Ashuer Boulevard Bayshore, CA 94326

Date

Invoice #

2/1/2021

Bill To Beneficio, Katrina 10 Pico Blvd Bayshore, CA 94326

P.O. No.

Terms

Project Vaulted Kitchen

Quantity

Description

Rate

2 Labor: Mural Painting

Total

Computer Accounting with QuickBooks 2015 by Donna Kay

Amount 40.00

80.00

$80.00

12. 12

QuickBooks Accounting for Entrepreneurs

CHAPTER 12 AUDIT TRAIL REPORT

! ! ! ! ! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 12 Advanced QuickBooks Features for Accountants 12. 13

EXERCISE 12.1 QUICKBOOKS APPS Students can select their favorite from the following apps for QuickBooks users.

! ! ! ! ! ! Computer Accounting with QuickBooks 2015 by Donna Kay

12. 14

QuickBooks Accounting for Entrepreneurs

EXERCISE 12.2 ACCOUNTANT CENTER To: Accounting Staff From: YourName Subject: QuickBooks Accountant Center Dear Accounting Staff: QuickBooks Accountant Edition has an Accountant Center that contains tools for accountant use that may be of assistance when working with our clients. [Student should insert a summary about two of the QuickBooks Accountant tools.] Feel free to contact me if I can be of any further assistance. Best regards, YourName

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Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 12 Advanced QuickBooks Features for Accountants 12. 15

EXERCISE 12.3 IRS FORM 4868 AND INSTRUCTIONS

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Form

4868

Application for Automatic Extension of Time To File U.S. Individual Income Tax Return

Department of the Treasury Internal Revenue Service (99)

OMB No. 1545-0074

2013

a Information about Form 4868 and its instructions is available at www.irs.gov/form4868.

There are three ways to request an automatic extension of time to file a U.S. individual income tax return. 1. You can file Form 4868 and pay all or part of your estimated income tax due using the Electronic Federal Tax Payment System (EFTPS) or by using a credit or debit card. 2. You can file Form 4868 electronically by accessing IRS e-file using your home computer or by using a tax professional who uses e-file. 3. You can file a paper Form 4868.

Pay Electronically You do not need to submit a paper Form 4868 if you file it with a payment using our electronic payment options. Your extension will be automatically processed when you pay part or all of your estimated income tax electronically. You can pay online or by phone (see page 3).

E-file Using Your Personal Computer or Through a Tax Professional

It’s Convenient, Safe, and Secure

Refer to your tax software package or tax preparer for ways to file electronically. Be sure to have a copy of your 2012 tax return—you will be asked to provide information from the return for taxpayer verification. If you wish to make a payment, you can pay by electronic funds withdrawal or send your check or money order to the address shown in the middle column under Where To File a Paper Form 4868 (see page 4).

IRS e-file is the IRS’s electronic filing program. You can get an automatic extension of time to file your tax return by filing Form 4868 electronically. You will receive an electronic acknowledgment once you complete the transaction. Keep it with your records. Do not mail in Form 4868 if you file electronically, unless you are making a payment with a check or money order (see page 3). Complete Form 4868 to use as a worksheet. If you think you may owe tax when you file your return, you will need to estimate your total tax liability and subtract how much you have already paid (lines 4, 5, and 6 below). Several companies offer free e-filing of Form 4868 through the Free File program. For more details, go to IRS.gov and click on freefile.

File a Paper Form 4868 If you wish to file on paper instead of electronically, fill in the Form 4868 below and mail it to the address shown on page 4. For information on using a private delivery service, see page 4. Note. If you are a fiscal year taxpayer, you must file a paper Form 4868.

General Instructions Purpose of Form

1. Properly estimate your 2013 tax liability using the information available to you, 2. Enter your total tax liability on line 4 of Form 4868, and 3. File Form 4868 by the regular due date of your return. Although you are not required to make a payment of the tax you estimate as due, Form 4868 does not extend the time to CAUTION pay taxes. If you do not pay the amount due by the regular due date, you will owe interest. You may also be charged penalties. For more details, see Interest and Late Payment Penalty on page 2. Any remittance you make with your application for extension will be treated as a payment of tax. You do not have to explain why you are asking for the extension. We will contact you only if your request is denied. Do not file Form 4868 if you want the IRS to figure your tax or you are under a court order to file your return by the regular due date.

Use Form 4868 to apply for 6 more months (4 if “out of the country” (defined on page 2) and a U.S. citizen or resident) to file Form 1040, 1040A, 1040EZ, 1040NR, 1040NR-EZ, 1040-PR, or 1040-SS. Gift and generation–skipping transfer (GST) tax return (Form 709). An extension of time to file your 2013 calendar year income tax return also extends the time to file Form 709 for 2013. However, it does not extend the time to pay any gift and GST tax you may owe for 2013. To make a payment of gift and GST tax, see Form 8892. If you do not pay the amount due by the regular due date for Form 709, you will owe interest and may also be charged penalties. If the donor died during 2013, see the instructions for Forms 709 and 8892.

! F

Qualifying for the Extension To get the extra time you must: d

Form

4868

Department of the Treasury Internal Revenue Service (99)

Part I

DETACH HERE d

Application for Automatic Extension of Time To File U.S. Individual Income Tax Return For calendar year 2013, or other tax year beginning

Identification

, 2013, ending

4 Estimate of total tax liability for 2013 . 5 Total 2013 payments . . . . .

Address (see instructions)

2 Your social security number

, 20

2013

Part II Individual Income Tax

1 Your name(s) (see instructions)

City, town, or post office

OMB No. 1545-0074

State

ZIP Code

3 Spouse's social security number

For Privacy Act and Paperwork Reduction Act Notice, see page 4.

Computer Accounting with QuickBooks 2015 by Donna Kay

. .

6 Balance due. Subtract line 5 from line 4 (see instructions) . . . . . . . a 7 Amount you are paying (see instructions) 8 Check here if you are “out of the country” and a U.S. citizen or resident (see instructions) . . . . . . a 9 Check here if you file Form 1040NR or 1040NR-EZ and did not receive wages as an employee subject to U.S. income tax withholding . . . . . . . . . . a Cat. No. 13141W

Form 4868 (2013)

12. 16

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QuickBooks Accounting for Entrepreneurs Page 2

Form 4868 (2013)

When To File Form 4868 File Form 4868 by April 15, 2014. Fiscal year taxpayers, file Form 4868 by the original due date of the fiscal year return. Taxpayers who are out of the country. If, on the regular due date of your return, you are out of the country and a U.S. citizen or resident, you are allowed 2 extra months to file your return and pay any amount due without requesting an extension. For a calendar year return, this is June 16, 2014. File this form and be sure to check the box on line 8 if you need an additional 4 months to file your return. If you are out of the country and a U.S. citizen or resident, you may qualify for special tax treatment if you meet the bona fide residence or physical presence tests. If you do not expect to meet either of those tests by the due date of your return, request an extension to a date after you expect to meet the tests by filing Form 2350, Application for Extension of Time To File U.S. Income Tax Return. You are out of the country if: • You live outside the United States and Puerto Rico and your main place of work is outside the United States and Puerto Rico, or • You are in military or naval service on duty outside the United States and Puerto Rico. If you qualify as being out of the country, you will still be eligible for the extension even if you are physically present in the United States or Puerto Rico on the regular due date of the return. For more information on extensions for taxpayers out of the country, see Pub. 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad. Form 1040NR or 1040NR-EZ filers. If you cannot file your return by the due date, you should file Form 4868. You must file Form 4868 by the regular due date of the return. If you did not receive wages as an employee subject to U.S. income tax withholding, and your return is due June 16, 2014, check the box on line 9.

Total Time Allowed Generally, we cannot extend the due date of your return for more than 6 months (October 15, 2014, for most calendar year taxpayers). However, there may be an exception if you are living out of the country. See Pub. 54 for more information.

Filing Your Tax Return You can file your tax return any time before the extension expires. Do not attach a copy of Form 4868 to your return.

you were out of the country. The interest runs until you pay the tax. Even if you had a good reason for not paying on time, you will still owe interest.

Late Payment Penalty The late payment penalty is usually ½ of 1% of any tax (other than estimated tax) not paid by April 15, 2014. It is charged for each month or part of a month the tax is unpaid. The maximum penalty is 25%. The late payment penalty will not be charged if you can show reasonable cause for not paying on time. Attach a statement to your return fully explaining the reason. Do not attach the statement to Form 4868. You are considered to have reasonable cause for the period covered by this automatic extension if at least 90% of your actual 2013 tax liability is paid before the regular due date of your return through withholding, estimated tax payments, or payments made with Form 4868.

Late Filing Penalty A late filing penalty is usually charged if your return is filed after the due date (including extensions). The penalty is usually 5% of the amount due for each month or part of a month your return is late. The maximum penalty is 25%. If your return is more than 60 days late, the minimum penalty is $135 or the balance of the tax due on your return, whichever is smaller. You might not owe the penalty if you have a reasonable explanation for filing late. Attach a statement to your return fully explaining your reason for filing late. Do not attach the statement to Form 4868.

How To Claim Credit for Payment Made With This Form When you file your 2013 return, include the amount of any payment you made with Form 4868 on the appropriate line of your tax return. The instructions for the following line of your tax return will tell you how to report the payment. • Form 1040, line 68. • Form 1040A, line 41. • Form 1040EZ, line 9. • Form 1040NR, line 64. • Form 1040NR-EZ, line 21. • Form 1040-PR, line 11. • Form 1040-SS, line 11. If you and your spouse each filed a separate Form 4868 but later file a joint return for 2013, enter the total paid with both Forms 4868 on the appropriate line of your joint return.

Interest You will owe interest on any tax not paid by the regular due date of your return, even if you qualify for the 2-month extension because

Computer Accounting with QuickBooks 2015 by Donna Kay

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Chapter 12 Advanced QuickBooks Features for Accountants 12. 17 Page 3

Form 4868 (2013)

If you and your spouse jointly file Form 4868 but later file separate returns for 2013, you can enter the total amount paid with

Form 4868 on either of your separate returns. Or you and your spouse can divide the payment in any agreed amounts.

Specific Instructions

How To Complete Form 4868 Part I—Identification Enter your name(s) and address. If you plan to file a joint return, include both spouses’ names in the order in which they will appear on the return. If you want correspondence regarding this extension to be sent to you at an address other than your own, enter that address. If you want the correspondence sent to an agent acting for you, include the agent’s name (as well as your own) and the agent’s address. If you changed your name after you filed your last return because of marriage, divorce, etc., be sure to report this to the Social Security Administration before filing Form 4868. This prevents delays in processing your extension request. If you changed your mailing address after you filed your last return, you should use Form 8822, Change of Address, to notify the IRS of the change. Showing a new address on Form 4868 will not update your record. You can get IRS forms by calling 1-800-TAX-FORM (1-800-829-3676). You can also download forms at IRS.gov. If you plan to file a joint return, enter on line 2 the SSN that you will show first on your return. Enter on line 3 the other SSN to be shown on the joint return. If you are filing Form 1040NR as an estate or trust, enter your employer identification number (EIN) instead of an SSN on line 2. In the left margin, next to the EIN, write "estate" or "trust." IRS individual taxpayer identification numbers (ITINs) for aliens. If you are a nonresident or resident alien and you do not have and are not eligible to get an SSN, you must apply for an ITIN. Although an ITIN is not required to file Form 4868, you will need one to file your income tax return. For details on how to apply for an ITIN, see Form W-7 and its instructions. If you already have an ITIN, enter it wherever an SSN is requested. If you do not have an ITIN, enter “ITIN TO BE REQUESTED” wherever an SSN is requested. An ITIN is for tax use only. It does not entitle you to social security benefits or change your employment or CAUTION immigration status under U.S. law.

Part II—Individual Income Tax Rounding off to whole dollars. You can round off cents to whole dollars on Form 4868. If you do round to whole dollars, you must round all amounts. To round, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar. For example, $1.39 becomes $1 and $2.50 becomes $3. If you have to add two or more amounts to figure the amount to enter on a line, include cents when adding the amounts and round off only the total.

• Form 1040, line 61. • Form 1040A, line 35. • Form 1040EZ, line 10. • Form 1040NR, line 60. • Form 1040NR-EZ, line 17. • Form 1040-PR, line 6. • Form 1040-SS, line 6. If you expect this amount to be zero, enter -0-. Make your estimate as accurate as you can with the information you have. If we later find that the estimate was CAUTION not reasonable, the extension will be null and void.

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Line 5—Estimate of Total Payments for 2013 Enter on line 5 the total payments you expect to report on your 2013: • Form 1040, line 72 (excluding line 68). • Form 1040A, line 41. • Form 1040EZ, line 9. • Form 1040NR, line 69 (excluding line 64). • Form 1040NR-EZ, line 21. • Form 1040-PR, line 11. • Form 1040-SS, line 11. For Forms 1040A, 1040EZ, 1040NR-EZ, 1040-PR, and 1040-SS, do not include on line 5 the amount you are CAUTION paying with this Form 4868.

! F

Line 6—Balance Due Subtract line 5 from line 4. If line 5 is more than line 4, enter -0-.

Line 7—Amount You Are Paying If you find you cannot pay the amount shown on line 6, you can still get the extension. But you should pay as much as you can to limit the amount of interest you will owe. Also, you may be charged the late payment penalty on the unpaid tax from the regular due date of your return. See Late Payment Penalty on page 2.

Line 8—Out of the Country If you are out of the country on the regular due date of your return, check the box on line 8. “Out of the country” is defined on page 2.

Line 9—Form 1040NR or 1040NR-EZ Filers If you did not receive wages subject to U.S. income tax withholding, and your return is due June 16, 2014, check the box on line 9.

Line 4—Estimate of Total Tax Liability for 2013 Enter on line 4 the total tax liability you expect to report on your 2013:

How To Make a Payment

Making Payments Electronically

Pay by Check or Money Order

For information on paying your taxes electronically by using EFTPS or with a credit or debit card, go to www.irs.gov/e-pay. You must enroll in EFTPS before you can use it. Go to www.eftps.gov for details. Confirmation number. You will receive a confirmation number when you pay online or by phone. Enter the confirmation number below and keep for your records.

• When paying by check or money order with Form 4868, use the appropriate address in the middle column under Where To File a Paper Form 4868 on page 4. • Make your check or money order payable to the “United States Treasury.” Do not send cash. • Write your SSN, daytime phone number, and “2013 Form 4868” on your check or money order. • Do not staple or attach your payment to Form 4868. Note. If you e-file Form 4868 and mail a check or money order to the IRS for payment, use a completed paper Form 4868 as a voucher.

a Enter confirmation number here Note. Do not file a paper Form 4868 if you already submitted it electronically and are not mailing in a payment.

Computer Accounting with QuickBooks 2015 by Donna Kay

12. 18

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QuickBooks Accounting for Entrepreneurs Page 4

Form 4868 (2013)

Where To File a Paper Form 4868 If you live in:

And you are making a payment, send Form 4868 with your payment to Internal Revenue Service:

And you are not making a payment, send Form 4868 to Department of the Treasury, Internal Revenue Service Center:

Alabama, Georgia, Kentucky, Missouri, New Jersey, North Carolina, South Carolina, Tennessee, Virginia

P.O. Box 931300 Louisville, KY 40293-1300

Kansas City, MO 64999-0045

Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New York, Pennsylvania, Rhode Island, Vermont, West Virginia

P.O. Box 37009 Hartford, CT 06176-0009

Kansas City, MO 64999-0045

Florida, Louisiana, Mississippi, Texas

P.O. Box 1302 Charlotte, NC 28201-1302

Austin, TX 73301-0045

Alaska, Arizona, California, Colorado, Hawaii, Idaho, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming

P.O. Box 7122 San Francisco, CA 94120-7122

Fresno, CA 93888-0045

Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Wisconsin

P.O. Box 802503 Cincinnati, OH 45280-2503

Fresno, CA 93888-0002

A foreign country, American Samoa, or Puerto Rico, or are excluding income under Internal Revenue Code section 933, or use an APO or FPO address, or file Form 2555, 2555-EZ, or 4563, or are a dual-status alien, or are a nonpermanent resident of Guam or the U.S. Virgin Islands

P.O. Box 1302 Charlotte, NC 28201-1302 USA

Austin, TX 73301-0215 USA

All Form 1040NR, 1040NR-EZ, 1040-PR, and 1040-SS filers

P.O. Box 1302 Charlotte, NC 28201-1302 USA

Austin, TX 73301-0045 USA

Private Delivery Services You can use certain private delivery services designated by the IRS to meet the “timely mailing as timely filing/paying” rule for tax returns and payments. These private delivery services include only the following. • DHL Express (DHL): DHL Same Day Service. • Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2 Day, FedEx International Priority, and FedEx International First. • United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A.M., UPS Worldwide Express Plus, and UPS Worldwide Express. The private delivery service can tell you how to get written proof of the mailing date. Private delivery services cannot deliver items to P.O. boxes. You must use the U.S. Postal Service to mail any item to an CAUTION IRS P.O. box address. Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States. We need this information so that our records will reflect your intention to file your individual income tax return within 6 months after the regular due date. If you choose to apply for an automatic extension of time to file, you are required by Internal Revenue Code section 6081 to provide the information requested

Computer Accounting with QuickBooks 2015 by Donna Kay

on this form. Under section 6109, you must disclose your social security number or individual taxpayer identification number. Routine uses of this information include giving it to the Department of Justice for civil and criminal litigation, and to cities, states, the District of Columbia, and U.S. commonwealths and possessions for use in administering their tax laws. We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism. If you fail to provide this information in a timely manner or provide incomplete or false information, you may be liable for penalties. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by Internal Revenue Code section 6103. The average time and expenses required to complete and file this form will vary depending on individual circumstances. For the estimated averages, see the instructions for your income tax return. If you have suggestions for making this form simpler, we would be happy to hear from you. See the instructions for your income tax return.

Chapter 12 Advanced QuickBooks Features for Accountants 12. 19

PROJECT 12 P&L BUDGET

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Computer Accounting with QuickBooks 2015 by Donna Kay

! QUICKBOOKS CASE 12 CHAPTER 12 ! ! !

ADVANCED ! QUICKBOOKS FEATURES FOR ACCOUNTANTS INSTRUCTOR NOTE:

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2. Download the Grade Assistant Instructions.

Students can download Go Digital Excel report templates at www.MyQuickBooks.com, and then export their reports to the Excel Reports template for speedgrading with the QuickBooks Grade Assistant.

12. 2

Exploring QuickBooks with Rock Castle Construction

QUICKBOOKS CASE 12 QUICK CHECK QB CASE 12 £ * P&L Budget £ * Profit & Loss, Standard £ * Balance Sheet, Standard £ * Statement of Cash Flows

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Computer Accounting with QuickBooks 2015 by Donna Kay

Chapter 12 Advanced QuickBooks Features for Accountants 12. 3

QB CASE 12 P&L BUDGET

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12. 4

Exploring QuickBooks with Rock Castle Construction

QB CASE 12 PROFIT & LOSS, STANDARD

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Chapter 12 Advanced QuickBooks Features for Accountants 12. 5

QB CASE 12 BALANCE SHEET, STANDARD

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12. 6

Exploring QuickBooks with Rock Castle Construction

QB CASE 12 STATEMENT OF CASH FLOWS

Computer Accounting with QuickBooks 2015 by Donna Kay

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