Reference no: EM132782703

ACC2385 - Microcomputer Applications in Accounting Assignment - Algonquin College, Canada

Assignment - General Journal

This assignment relates to the following Course Learning Requirements:

1: Using accounting software, identify ad use the basic features, modules and aids to produce reliable and accurate financial information.

2: Using accounting software, create a computerized accounting system for a new company.

3: Using accounting software, record all transaction in the accounting cycle.

4: Using accounting software, produce and export management reports and financial statements.

Objective of this Assignment - The objective of this Assignment is to ensure students understand how to enter transaction in the General Journal.

Assignment Scenario - In this assignment, in this module, you will be entering General Journal entries for Bob's Bookroom located in St. John's, Newfoundland. It is a sole proprietorship owned and operated by Bob Bestseller. The store sells used books and heavyweight canvas book bags with the store name and logo. Bob encourages his customers to reuse the book bag each time they visit in order to reduce plastic waste as one small environmentally friendly step.

Pre-Assignment Instructions -

1. To prepare you for this assignment, please read the content in Chapter 3: Bob's Bookroom, from QuickBooks and follow the embedded learning activities.

2. The assigned readings can be found from page 100 - 147, within these Chapters and will help you to successfully complete this Assignment.

Assignment Tasks -

1. Open the QuickBooks application software and use it to open the applicable data file found either on the DVD that came with the textbook or posted on BrightSpace under Activities and assignments.

2. To complete the assigned readings and learning activities, follow the chapter step by step and page by page. Enter each transaction based on the information provided in the source documents.

3. After entering all the source documents, go to:

- Choice report menu and click report center

- Then click the report icon on the top icon bar

- Then select the reports to be submitted.

4. Once the reports have been selected:

Click excel

Create a new worksheet

Click export.

5. In order to submit your assignment into one excel workbook, you will need to cut and paste each report into ONE excel workbook.

6. Check to ensure that the asset and expense accounts have the correct debit balances.

7. Check to ensure that revenue and liabilities account have the correct credit balances.

Attachment:- Microcomputer Applications in Accounting Assignment Files.rar