Accounting software Courses
1. Record all the transactions previously done manually into
2. Sage 50 and QuickBooks
and create and print the identical financial statements, aged accounts receivable and accounts
payable reports. Ensure they match the Manual Component results.
General Journal: Record all required documents in this journal purposes.
Ledgers: An Accounts Receivable and the Accounts Payable Subsidiary Ledgers and the General
Ledger have opening balances. Where applicable for the tax module additional information is
shown in the description’s column along with additional and more detailed entries.
Information Pages: This page provides additional instructions to help you complete the practicum.
Record the transactions on the dates you are instructed.
EAST WEST COLLEGE
CHART OF ACCOUNTS
ACCOUNT TITLE NUMBER ACCOUNT TITLE
LIABILITIES
NUMBER
Assets Accounts payable Control 2220
Cash 1000 Accrued Accounts Payable 2250
Term Deposit 1015 GST Payable 2300
Accrued Interest Receivable 1016 Income Taxes Payable 2350
Accounts Receivable Control 1030 CPP payable 2360
Allowance of Doubtful Accounts 1031 EI Payable 2370
Inventory 1050 Holiday Pay Payable 2380
Deposits 1060 Corporate Taxes Payable 2400
Prepaid 1070 Deferred Revenue 2500
Land 1130 Mortgage Payable 2700
Building 1150 Shareholder loan LASKER 2800
A/D-Building 1151 Share holder loan ARIF 2810
Furniture & Equipment 1160
A/D-Furniture & Equipment 1161 Shareholders’ Equity
Computer Equipment 1170 Common Shares 3100
A/D-Computer Equipment 1171 Preferred Shares 3200
Leasehold Improvements 1180 Retained Earnings 3500
A/D Leasehold improvements 1181 Dividends 3800
Investments 1190

NAME:_______________________________________ 4
Account Title Acc. No:-
Revenue
Customized Training 4100
General Training 4200
Costs of Goods Sold
Course Materials –Purchased 5010
Inter materials-Printing Cost 5020
Subcontract 5100
Travel Costs 5150
Variable Expenses
Advertising and promotion 5200
Amortization 5230
Bad Debts 5260
Bank Charges and Interest 5290
Donations 5320
Insurance 5330
Interest on L/T Debt 5340
Meals and Entertainment 0% deductible 5360
Meals and Entertainment 50% Deductible 5370
Meals and Entertainment 100% Deductible 5380
Memberships 5450
Miscellaneous 5480
Occupancy Costs 5540
Professional Fees 5580
Repairs & Maintenance 5610
Wage & Benefits-Salaries 5640
Wage & Benefits-CPP Expenses 5650
Wage & Benefits-EI Expenses 5660
Wage & Benefits-Holiday Pay Expenses 5670
Non-Operating Income & Expenses
Interest Income 5900
Gain/Loss on Disposal 5920
Income Taxes Expenses 5990

NAME:_______________________________________ 5
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Account Name
Limerick Corporation
Zara Inc.
NewGen Limited
AccuTax Consultants
Sleep Well Bedding Corp.
Real Amusement Ltd
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
Account Name
Oncolytics Biotech
D2C Corporation
High Arctic Limited
HR Accountant Ltd.
Enbridge Inc.
Mercer Inc