mprehensive Problem Problem 2, you will complete the accounting cycle for It's About Time, a merchandising a sole proprietorship. You will process the transactions for the month of April 2013, inctuding payroll l hief ed asst system is date sensitive, it is imperative that you use a year of 2013. Oierwise, the depre em is longer than the problems that were in the chapters. Folilow the instructions carefully and enter the acdis os and the depreciation adjusting entries will be incorrect scurately. A considerable amount of work will be lost if your data file is damaged or destroyed. For this ould periodically make a backup (duplicate copy) of your data file. If you need to restart the problem. bak data file. Complete the Audit Questions after finishing the month's work. step 1: Start Integrated Accounting 8e. sup 2 Open the file named IA8 Comp Problem 2. Stup3: Enter your name in the Your Name text box. Step4: Save the file to your disk or folder with a file name of C-2 Your Name. tep s: Enter the following purchase order and purchase invoice transactions. Apr.03 Ordered the following merchandise from Accurate Clocks, Inc, terms 2/10, n/30. Purchase Order No. 713. Description Travel Alarm Clock Received the following merchandise for Purchase Order No. 711 from Clock Assembly Co., terms 2/10, n/30. Purchase Invoice No. 1273 Description Pen & Pencil Desk Clock Unit Cost Quantity 24 16.50 18 Unit Cost $41.50 Quantity 21 Received the following merchandise for Purchase Order No. 712 from Clock Shop, Inc., terms 2/10, n/30. Purchase Invoice No. 1274. Description Pendulum Table Clock Quantity Unit Cost 10 $63.75 22 Returned the following merchandise to Precision Clock, Mfg, Purchase Invoice No. R1264. (Be sure to enter a quantity of -1 to indicate a return of one item.) Description Wood Table Clock Quantity Unit Cost $71.35 359 mprehensive Problem Problem 2, you will complete the accounting cycle for It's About Time, a merchandising a sole proprietorship. You will process the transactions for the month of April 2013, inctuding payroll l hief ed asst system is date sensitive, it is imperative that you use a year of 2013. Oierwise, the depre em is longer than the problems that were in the chapters. Folilow the instructions carefully and enter the acdis os and the depreciation adjusting entries will be incorrect scurately. A considerable amount of work will be lost if your data file is damaged or destroyed. For this ould periodically make a backup (duplicate copy) of your data file. If you need to restart the problem. bak data file. Complete the Audit Questions after finishing the month's work. step 1: Start Integrated Accounting 8e. sup 2 Open the file named IA8 Comp Problem 2. Stup3: Enter your name in the Your Name text box. Step4: Save the file to your disk or folder with a file name of C-2 Your Name. tep s: Enter the following purchase order and purchase invoice transactions. Apr.03 Ordered the following merchandise from Accurate Clocks, Inc, terms 2/10, n/30. Purchase Order No. 713. Description Travel Alarm Clock Received the following merchandise for Purchase Order No. 711 from Clock Assembly Co., terms 2/10, n/30. Purchase Invoice No. 1273 Description Pen & Pencil Desk Clock Unit Cost Quantity 24 16.50 18 Unit Cost $41.50 Quantity 21 Received the following merchandise for Purchase Order No. 712 from Clock Shop, Inc., terms 2/10, n/30. Purchase Invoice No. 1274. Description Pendulum Table Clock Quantity Unit Cost 10 $63.75 22 Returned the following merchandise to Precision Clock, Mfg, Purchase Invoice No. R1264. (Be sure to enter a quantity of -1 to indicate a return of one item.) Description Wood Table Clock Quantity Unit Cost $71.35 359
