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 Assets ACCOUNT TITLE LIABILITIES NUMBER 1010 Cash Accounts payable Control 2220 1015 Term Deposit Accrued Accounts Payable 1016 Accrued Interest Receivable GST Payable s Payab 2250 2300 1030 Income Taxes Payable 2350 Accounts Receivable Control 1031 CPP payable 2360 Allowance of Doubtful Accounts 1032 El Payable 2370 Inventory 1060 Holiday Pay Payable 2380 Deposits 1070 Corporate Taxes Payablev 2400 Prepaid 1130 Deferred Revenue 2500 Land 1150 Mortgage Payable 2700 Building 1151 Shareholder loan LASKERY 2800 A/D-Building 1152 Share holder loan ARIF 2810 Furniture & Equipment 1160 A/D-Furniture & Equipment 1161 Shareholders' Equity Computer Equipment 1170 Shareholder loan LASKER 2800 A/D-Computer Equipment 1171 Share holder loan ARIF 2810 Leasehold Improvements A/D Leasehold improvements Investments 1180 Common Shares 3100 1181 Preferred Shares 3200 1190 Retained Earnings 3500 3800 Dividends 3 NAME: Account Title Revenue Customized Training General Training Costs of Goods Sold Course Materials -Purchased Inter materials-Printing Cost Subcontract Travel Costs Variable Expenses Advertising and promotion Amortization Bad Debts Bank Charges and Interest Donations Insurance Interest on L/T Debt Acc. No:- 4100 4200 5010 5020 5100 5150 5200 5230 5260 5290 5320 5330 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 Wage & Benefits-Salaries 5610 5640 Wage & Benefits-CPP Expenses 5650 Wage & Benefits-EI Expenses 5660 Wage & Benefits-Holiday Pay Expenses 5670 Non-Operating Income & Expenses Interest Income Gain/Loss on Disposal Income Taxes Expenses 5900 5920 5990 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Account Name Limerick Corporation Zara Inc. NewGen Limited AccuTax Consultants Sleep Well Bedding Corp. Ray Amusement Ltd ACCOUNTS PAYABLE SUBSIDIARY LEDGER Account Name Oncolytics Biotech D2C Corporation High Arctic Limited HR Accountant Ltd. Enbridge Inc. Mercer Inc. NAME EAST WEST COLLEGE INC. ACCOUNT NAME ADJ TRIAL DEC DR-S TRIAL DECEMBER CR-S DR-S NOVEMBER Cash CR-S 248,552.00 DR-S CR-S Term Deposit 1,000,000.00 Accrued Interest Receivable 238,052.00 1,000,000.00 200,000.00 2,500.00 0.00 Accounts Receivable Control 0.00 111,300.00 Allowance for Doubtful Accounts 111,300.00 Inventory 9,300.00 0.00 14,700.00 Deposit 6,255.00 0.00 0.00 58,000.00 0.00 10,000.00 Prepaid 20,000.00 28,000.00 75,000.00 Land 0.00 0.00 0.00 Building 100,000.00 0.00 A/D-Building 300,000,00 100,000.00 300,000.00 Furniture & Equipment 0.00 22,125.00 25,800.00 22,125.00 A/D-Furniture & Equipment 28,800.00 10,000.00 Computer Equipment 5,520.00 2,800.00 7,000.00 2,800.00 Leasehold Improvements A/D-Computer Equipment 4,000.00 0.00 3,500.00 0.00 A/D-Leasehold Improvements 90,000.00 90,000.00 0.00 Investments 1,500.00 0.00 Accounts Payable Control 80,000.00 80,000.00 888 0.00 0.00 88 Accrued Accounts Payable 73,752.00 GST Payable Income Taxes Payable CPP Payable El Payable 2,000.00 73,752.00 0.00 12.920.00 980.00 1,280.00 0.00 0.00 0.00 0.00 0.00 12,050.00 4.505.00 420.00 Holiday Pay Payable Corporate Taxes Payable Deferred Revenue Mortgage Payable Shareholder Loan - LASKER Shareholder Loan- ARIF Common Shares 0.00 0.00 288.00 2,484.00 2,484.00 2.200.00 55.300.00 24,200.00 22,200.00 0.00 50,000.00 0.00 0 0.00 100,000,00 100,000.00 103,320.00 103,320.00 105,000.00 122,165.00 122,165.00 Preferred Share 100.00 100.00 Retained Earnings 100,00 Dividends 240,732.00 100.00 240,732.00 125,000.00 100.00 100.00 240,732.00 10,000.00 Customized Training 10,000.00 10,000,00 General Training 120,000.00 1,402,000.00 Course Materials 120,000.00 1,452,000.00 120,000.00 1,200,000.00 526,745.00 Internal Materials- Printing Costs 25,000.00 475,000.00 25,000.00 475,000.00 25,000.00 Subcontract 480,400.00 480,400.00 440,000.00 Travel Costs 1,962.00 1,962.00 Advertising & Promotion 15,900.00 15,900.00 Amortization 20,456.00 0.00 Bad Debts 9,300.00 0.00 0.00 14000,00 0.00 000 Bank Charges & Interest. 2,125.00 1,925.00 1800.00 Donations 5,000.00 5,000,00 00 Insurance 8,000.00 24,000.00 24,000.00 Interest on LT Debt 34,200.00 33,000.00 33,000.00 Meals $ Entertainment - 0% 8.555.00 8,555.00 2.250.00 Meals S Entertainment- 50% 2,700.00 2,700.00 2,460.00 Meals $ Entertainment- 100% 10,260.00 10,260.00 6,000.00 6,000.00 18,000.00 0000 Memberships 0.00 10,500.00 10,500.00 Miscellaneous Occupancy Costs 11.600.00 11,600.00 Professional Fees 19,600.00 11,600.00 000 9.500.00 0.00 Repairs and Maintenance 500.00 500.00 Wages& Benefits- Salary 84,100.00 84,100.00 77,000.00 2,525.00 2.310.00 Wages& Benefits-CPP 2,525.00 1,495.00 1,320.00 1,495.00 Wages& Benefits-El 2,484.00 2.200.00 Wages& Benefits- Holiday 2,484.00 0.00 0.00 Interest Income 2,500.00 712,361.00 0.00 1,050,000.00 Gain/Loss on Disposal 79,300.00 Income Taxes Expense 2,887,614.00 2,887,614.00 3,290,858.00 3,290,858.00 1,948,240.00 1,948,240.00 NAME: 44