omplete the Following Steps

$1.$ Chart of Accounts Work

$1$A$.$ Create the following new account in Craig$$s Design & Landscaping Service:

Name: Professional license expense

Sub$-$Account: This account should be a sub$-$account under Taxes & Licenses

Tax Form Section: Other Business Expense

NOTE: Account numbers are not used in the test drive company

$1$B$.$ Locate the two accounts with "depreciation" in the account name.

Change the name on one of the accounts to "Depreciation expense".

Change the name on the other account to "Accumulated depreciation".

HINT: Be sure to change to correct one. Look at account type$/$detail type to help you.

You don't need to move either account. Just change the name.

$2.$ Working with Sub$-$Customers:

You get a call from Brad's Bagels. They have one store that is open and plan to open a second

store soon. They want you to take care of the lawn and gardening work at their current and

future stores. They would like all the invoices to come to one place. You decide to set up

Brad's Bagels as a parent customer with a sub$-$customer for each location.

$2$A: Setup the parent customer.

Company Name Brad's Bagels LLC

Customer Display

Name Brad's Bagels

$890$ Rock Road

Westside, CA $93268$

Shipping Address Same as billing

Payment Terms Net $30$

Taxes Select this customer is taxable; and California $(8\%)$ for the default tax code.

Computerized Accounting with QuickBooks Online $-7$e

Final exam $-$ Version B

This final exam is to be completed using the QuickBooks Online Test Drive Company Craig$$s Design and Landscaping

Company. To open the test drive company click here:

Since the test drive company work is NOT SAVED, you must complete all of the steps within the same session. If you

leave and exit the company, you will have to start all over.

Once you have completed all the steps and run the required reports and submit the reports to your instructor per their

guidelines.

Billing Address

Final For Students $-$ Ver B

$2$B: Setup the first store as a sub$-$customer of Brad's Bagels

Company Name Brad's Bagels LLC

Customer Display

Name Brad's Bagels $-$ Westside

Is Sub$-$customer Select

Parent: Brad's Bagels

Bill Parent

customer Select Bill parent customer

$890$ Rock Road

Westside, CA $93268$

$1201$ Yummy Drive

Westside, CA $93268$

Payment Terms Net $30$

Tax Info: Select this customer is taxable; and California $($CA$)(8\%)$ for the default tax code.

NOTE: The $2$nd store is not open yet so you won't add that store as a customer at this time.

Products and Services

$3.$ Add the following Inventory Item product

Type Inventory

Name Flying Bug Traps

Category Pest Control

Initial Qty on Hand $0$

As of Date $9/1/2024$

Reorder Point Leave blank

Inventory Asset

Account Inventory Asset

Description Bug traps for flying insects

Sales Price $$40\mathrm{.}00$

Income Account Sales of Product Income

Sales Tax Category Taxable $-$ standard rate

Purchasing

Information Flying Bug Traps

Cost $$13\mathrm{.}00$

Expense Account Cost of Goods Sold

New Vendor:

$4.$ Set up the following vendor.

Company Name Pest Control Licensing Services

Vendor Display

Name Pest Control Licensing Services

$68$ Testing Avenue

San Diego, CA $92109$

Business ID $37-8910899($select track $1099)$

Payment Terms Net $15$

Address

Billing Address

$($Same as parent$)$

Shipping Address

Final For Students $-$ Ver B

Settings:

$5.$ Go to the Account and Settings area and change the following settings:

a$.$ Change the Company name to your own name $($Company tab$)$

b$.$ Turn ON Custom transaction numbers for sales forms $($Sales tab$)$

c$.$ Turn ON Custom transaction numbers for purchase orders $($Expenses tab$)$

d$.$ Turn OFF Pre$-$fill forms with previously entered content $($Advanced tab$)$

e$.$ Turn OFF Automatically apply credits $($Advanced tab$)$

f$.$ Extend the time of Sign me out if inactive for to $3$ hours. $($Advanced tab$)$

Transactions:

$6.$ Record the following transactions.

Date Transaction

$9/1/24$

Write a check from the Checking Account to Pest Control Licensing Services. This is to pay for your

annual pest control service license. The amount of the check is $$600\mathrm{.}00$ and the term is from today

through the next $12$ months. Check # $71.$

$9/1/24$

Write a check from the Checking Account to Fidelity for the first monthly payment on your long$-$term

note payable. The amount of the payment is $$643\mathrm{.}25.$ That amount includes the current month's

interest expense of $$43\mathrm{.}25.$ Use check # $72.$ Hint: You may have to add a new account.

$9/3/24$

Create a purchase order PO$-1005$ to Hick's Hardware for:

$-40$ Flying Bug Traps

$-20$ Sprinkler Heads

$9/5/24$

The following customers paid via their MasterCard credit card.

Travis Waldron $-$ Invoice $1032-$ $$414\mathrm{.}72$

John Melton $-$ Invoice $1007-$ $$450\mathrm{.}00$

HINT: Be sure that Undeposited Funds is selected in the Deposit to field.

$9/5/24$

Deposit the credit card customer payments to the checking account. There is a $2\%$ fee that is taken

out of the credit card payments. Record the fee at the time of the deposit.

HINT: Leave "received from" blank.

$9/5/24$ Deposit remaini