Question
1. On the Chart of Accounts, Jane asks you to remove the Detail Type column. 2. Jane wants you to open a savings account. Add
1. On the Chart of Accounts, Jane asks you to remove the Detail Type column. 2. Jane wants you to open a savings account. Add the new account called TCU Savings. 3. Jane wants you to clean up the chart of accounts. Delete the following accounts: a. Refunds-Allowances b. Promotional c. Other General and Administrative expenses d. Other Portfolio Income e. Other ordinary Income f. Shipping and Delivery Income 4. Jane asks you to make the Liability and Disability insurance accounts sub-accounts of Insurance. 5. Alice purchased a new Ford truck for the business. The truck cost $28,750 + tax. Green Tree Landscapes made a down payment of $2875.00. They're financing the rest of the cost. They've received a loan for the remainder amount from Ford (Tip: setup Ford as a supplier). Setup the accounts to track the original cost and depreciation of the new asset. Write a cheque to pay for the asset (Tip: record the loan on the cheque). Use the next cheque # in order. Make the entry on the 24th of last month. 6. Alice purchased 2 lawnmowers for $995 each + tax from John Deere. Setup the appropriate accounts account to track the lawnmowers cost and depreciation. Make the entry on the 28th of last month. Alice used her debit cards to pay for the lawnmowers in cash. 7. Add two expense accounts to track Facebook Ads and Google Ads. Tip: Make these two accounts subaccounts of Advertising. 8. Jane has asked you to start using Account Numbers. Turn on account numbers. NOTE: Add account numbers when instructed by your instructor. 9. Jane has discovered a couple of duplicate accounts. Merge the Purchases-COS account into the Other Costs-COS. (NOTE: Keep the Other Costs account). The business is growing fast and Jane wants you to update QuickBooks every day. Jane asks you to
Can you Generate and submit the 'Chart of Accounts' file
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