Question
D279/ACG2062C Section 03 Computer Focused Principles (5.5 Weeks) - Online Plus - 2023 Summer Quarter Term 2Module 01 Assignment - QuickBooks Chapter 2 Exercises Module
D279/ACG2062C Section 03 Computer Focused Principles (5.5 Weeks) - Online Plus - 2023 Summer Quarter Term 2Module 01 Assignment - QuickBooks Chapter 2 Exercises Module 01 Assignment - QuickBooks Chapter 2 Exercises Module 01 Content
The submission instructions for these assignments may be different than stated in the textbook. Please read these instructions thoroughly before beginning the assignment.
Complete the Chapter 2 readings and activities in the QuickBooks Online software. Using the Computer Accounting with QuickBooks Online textbook, complete the following steps:
- Complete Exercise 2-1.
- Export the following report to the Module 01 MS Excel template and submit the completed template file.
All reports must be submitted in ONE Excel workbook. This first week, you'll have only one tab in your workbook for this assignment.
For assistance on exporting reports from QuickBooks Online to Excel, please see the video posted in the Module 01 Lessons folder.
Exercise 2-2: Follow the instructions below to complete Exercise 2-2:
Save the Chart of Accounts as a PDF file. Use the file name Exercise 2-2_Chart of Accounts.
Export the Chart of Accounts to Excel. Use the file name Exercise 2-2_Chart of Accounts.xlsx. (Hint: Your chart of accounts may show some default accounts without account numbers.)
Check Your Chart of Accounts:
? Account 101 Checking; Bank; Detail Type, Checking.
? Account 123 Prepaid Rent; Other Current Assets; Detail Type, Prepaid Expenses
? Account 130 Uncategorized Asset; Other Current Assets; Detail Type, Other Current Assets
? Account 205 Loan Payable; Other Current Liabilities; Detail Type, Loan Payable
? Account 403 Professional Fees; Income; Detail Type, Service/Fee Income
? Account 604 Conventions; Expenses; Detail Type, Travel
? Account 701 Uncategorized Expenses; Expenses; Detail Type, Other Miscellaneous Service Cost
Continue with Exercise 2-3.
page 96 Exercise 2-3: Problem Solving
Images
Exercise 2-3 is available within Connect. It includes:
On the Chart of Accounts, why are the account and detail type selections important? To explain the account and detail types, use 3 accounts-one asset, one liability, and one expense account. Identify the Account Type, Detail Type, Name, Number, and financial statement.
Account Type Detail Type Name Number Expenses Shipping, Freight Shipping and 627 & Delivery Delivery Expense Account Type Detail Type Name Number Other Current Other Current Uncategorized Asset 130 Assets Assets Other Current |Other Current Undeposited Funds 133 Assets Assets Expenses Travel Conventions 604 Expenses Other Uncategorized Expense 701 Miscellaneous Service CostStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started