Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help me make the following journal entries in Quickbooks Online using my chart of accounts. If my chart of accounts is in the wrong type

Help me make the following journal entries in Quickbooks Online using my chart of accounts. If my chart of accounts is in the wrong type or detail please tell me where they need to go. My company is a manufacturing company.

image text in transcribedimage text in transcribedimage text in transcribed
Name Cash Accounts Receivable Finished Goods Inventory Inventory Inventory Asset Ofce Supplies Prepaid Insurance Raw Materials Raw Materials Inventory Uncategorized Asset Undeposited Funds WIP Inventory Accumulated Depreciation Truck Truck Accounts Payable Payroll Clearing Salaries Payable Unearned Revenue Opening Balance Equity Owner's Capital Owner's Investment Owner's Pay & Personal Expenses Owner's Withdrawals Retained Earnings Billable Expense Income COGS Account Type Bank Accounts receivable (A/R) Other Current Assets Other Current Assets Other Current Assets Other Current Assets Other Current Assets Other Current Assets Other Current Assets Other Current Assets Other Current Assets Other Current Assets Fixed Assets Fixed Assets Accounts payable (A/P) Other Current Liabilities Other Current Liabilities Other Current Liabilities Detail Type Checking Accounts Receivable (AfR) Inventory Inventory Inventory Other Current Assets Prepaid Expenses Inventory Inventory Other Current Assets Undeposited Funds Inventory Accumulated Depreciation Vehicles Accounts Payable (AfP) Payroll Clearing Other Current Liabilities Other Current Liabilities Opening Balance Equity Owner's Equity Owner's Equity Owner's Equity Owner's Equity Retained Earnings Sales of Product Income Sales of Product Income Sales Income Sales of Product Income Sales of Product Income Income Sales of Product Income Service Revenue Income Service/Fee Income Uncategorized Income Income Sales of Product Income Cost of Goods Sold Cost of Goods Sold Supplies & Materials - COGS Shipping Cost of Goods Sold Shipping, Freight & Delivery - COS Advertising & Marketing Expenses Advertising/Promotional Ask My Accountant Expenses Utilities Bank Charges & Fees Expenses Bank Charges Car & Truck Expenses Auto Contractors Expenses Payroll Expenses Employee Benets Expenses Payroll Expenses Fuel Expense Expenses Shipping, Freight & Delivery Insurance Expenses Insurance Insurance Expense Expenses Insurance Interest Paid Expenses Interest Paid Job Supplies Expenses Supplies & Materials Legal & Professional Services Expenses Legal & Professional Fees Meals & Entertainment Expenses Entertainment Meals Ofce Supplies & Software Expenses Ofce/General Administrative Expenses Other Business Expenses Expenses Ofce/General Administrative Expenses Purchases Expenses Supplies & Materials Reimbursable Expenses Expenses Supplies & Materials Rent & Lease Expenses Rent or Lease of Buildings Rent Expense Expenses Rent or Lease of Buildings Repairs & Maintenance Expenses Repair & Maintenance Salaries & Wages Expenses Payroll Expenses Salaries Expense Expenses Cost of Labor Supplies Expense Expenses Supplies & Materials Taxes & Licenses Expenses Taxes Paid Travel Expenses Travel Uncategorized Expense Expenses Other Miscellaneous Service Cost Utilities Expenses Utilities Depreciation Expense - Truck Other Expense Depreciation Manufacturing Overhead Other Expense Other Miscellaneous Expense Reconciliation Discrepancies Other Expense Other Miscellaneous Expense

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Accounting For Windows

Authors: Dale Klooster

7th Edition

0538747978, 9780538747974

More Books

Students also viewed these Accounting questions