Reference no: EM132404991
ACCT 3051 Computerized Accounting Systems and Procedures Assignment -
1. EDIT COMPANY INFORMATION
a. Change the Company's name to your name. For example, John Jones Exam 1.
b. Change the Company's legal name to your name. For example, John Jones Exam 1.
2. CUSTOMIZE THE CHART OF ACCOUNTS
a. Change the title of the checking account to National Bank Checking.
b. Change the title of Capital Stock to Common Stock
3. CREATE A NEW CUSTOMER ACCOUNT
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Customer Name
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Kingsley, Ashford
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Full Name
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Mr. Ashford Kingsley
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Main Phone
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908-555-9841
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Address
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376 Fashion Street, Bayshore, CA 94326
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Payment Terms
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2% 10 Net 30
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Preferred Payment Method
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Check
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Tax Code
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Tax
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Tax Item
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East Bayshore
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Customer Type
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Residential
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4. ADD A JOB
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Job Name
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Kitchen Renovation
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Customer
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Kingsley, Ashford
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Job Description
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Upgrade kitchen
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Job Type
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Remodel
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Job Status
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Awarded
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Start Date
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06/10/2019
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Projected end
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06/12/2019
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5. RECORD THE FOLLOWING TRANSACTIONS IN DATE SEQUENCE
NOTE: CHARGE EAST BAYSHORE TAX ON ALL SALES TRANSACTIONS.
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a.
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06/01/2019
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Jennifer Black purchased 3,000 shares of the company's $0.20 par value common stock and paid with check #53272 for $1,800. This check was immediately deposited into National Bank Checking.
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b.
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06/04/2019
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Received a long-term loan from Small Business Loan Association. (SBLA) for $6,000, interest rate 15% per annum, to be repaid in equal monthly installments over a period of 3 years starting August 1, 2019. Deposit this amount into National Bank Checking.
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c.
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06/10/2019
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Charged Kingsley, Ashford: Kitchen Renovation job for the following, (Invoice # 112018):
1 Cabinets: Light Fashion kitchen cabinet at $1,799 per cabinet
1 interior door kit at $120 each
15 hours of labor at $40 per hour
5 hours of painting at $50 per hour
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d.
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06/12/2019
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Sold to John Jones for cash, 10 Doorknobs Std at $30 per doorknob. John paid with his
Discover card 6542-9876-4567-1203. Expiration date: 12/2022. Deposited this payment into National Bank Checking. Record a 3% bankcard fee. Use account 60600 Bank Service Charges for the bank fee.
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e.
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06/13/2019
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Issued credit memo #112018C to Kingsley, Ashford: Kitchen Renovation for 2 labor hours and
1 hour of painting. Apply this credit to invoice #112018.
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f.
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06/14/2019
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Paid Fidelity Company insurance premium for 06/01/2019 to 11/30/2019 with check #2000 for $2,400.
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g.
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06/17/2019
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Received check #8976 for $1,800 from Ashford Kingsley in partial payment of her Kitchen Renovation job. Apply credit memo #112018C and the appropriate discount toward this payment.
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h.
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06/19/2019
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Deposited Ashford Kingsley's check #8976 into National Bank Checking.
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i.
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06/20/2019
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John Jones returned 3 Doorknobs Std for a cash refund. (Check #2001)
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j.
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06/20/2019
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Replenished the petty cash fund by writing check #2002 for $489.10 to the petty cash custodian, Elizabeth N. Mason (employee). At this date the fund consisted of $10.90 cash and the following petty cash receipts: postage 37.50; office supplies 85.20, automobile insurance 180.00, meals and entertainment 99.75 and legal fee $87.
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k.
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06/28/2019
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National Bank returned Ashford Kingsley's check #8976 for $1,800 marked NSF and charged your company $25 for this NSF check. Use Account 60600 Bank Service Charge for the bank fee. Your company charged Ashford Kingsley $30 fee for the NSF check.
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l.
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06/25/2019
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Received bill #0365 for $82 from Bayshore Water for water supplied.
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m.
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06/30/2019
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Received and deposited replacement check #8992 for $1,830 from Ashford Kingsley.
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n.
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06/30/2019
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Used QuickBooks credit card to make a $225 payment to CalOil Company for vehicle maintenance.
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o.
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06/30/2019
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Record Cal Gas and Electric utility bill #6958 (Gas and Electric) for $450.
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6. PRINT THE FOLLOWING REPORTS (REPORTS MUST FIT TO 1 PAGE WIDE):
a. Journal - from 06/01/2019 to 06/30/2019 (Show account numbers and full title of all accounts).
b. Trial Balance - from 06/01/2019 to 06/30/2019.
c. Check Register - from 06/01/2019 through 06/30/2019.
Attachment:- Computerized Accounting Systems and Procedures Assignment File.rar
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