Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

List of Transactions You are required to first set up the organisation settings, financial settings, bank accounts, contacts, chart of accounts, tax details and other

image text in transcribed
List of Transactions You are required to first set up the organisation settings, financial settings, bank accounts, contacts, chart of accounts, tax details and other relevant information using the data given in Appendix 2 of the document. (In Appendix 1, please refer to the video 1, 2, 3 and 4) Hired a contractual staff on a weekly wage of $1,000 for the month of June 2019. 1 May Also, negotiated a deal with supplier ABC Furniture worth $800 related to the office shelves. The owner introduced $15,000 as owners' equity into the business. 1 May Tip: You can add Owner Equity in the Manual Journal (New Manual Journal under Manual Journal) or use a "Create" tool in the Bank Reconciliation at the end of the month. Set up Fixed Assets and Depreciation settings. Register the cash purchase of Glass Display Unit worth $3,000 from Universal Furniture via Fixed Assets option (Asset Number FA-0001). (Please refer to video 5 - Fixed Assets & Manual Journals)

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

Access For Computer Accounting

Authors: Donna Kay

19th Edition

1259741109, 9781259741104

More Books

Students also viewed these Accounting questions

Question

1. Administrative routines, such as taking attendance

Answered: 1 week ago