Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On the Chart of Accounts, Jane asks you to remove the Detail Type column. Jane wants you to open a savings account. Add the new
On the Chart of Accounts, Jane asks you to remove the Detail Type column.
Jane wants you to open a savings account. Add the new account called TCU Savings.
Jane wants you to clean up the chart of accounts. Delete the following accounts:
a RefundsAllowances
b Promotional
c Other General and Administrative expenses
d Other Portfolio Income
o Other ordinary Income
f Shipping and Delivery Income
Jane asks you to make the Liability and Disability insurance accounts subaccounts of Insurance.
Alice purchased a new Ford truck for the business. The truck cost $ tax. Green Tree Landscapes made a down payment of $ They're financing the rest of the cost. They've recerved a loan for the remainder amount from Ford Tip: setup Ford as a supplier Setup the accounts to track the original cost and depreciation of the new asset. Write a cheque to pay for the asset Tip: record the Ioan on the cheque Use the next cheque # in order. Make the entry on the th of last month.
Alice purchased lawnmowers for $ each tax from John Deere. Setup the appropriate accounts account to track the lawnmowers cost and depreciation. Make the entry on the th of last month. Alice used her debit cards to pay for the lawnmowers in cash.
Add two expense accounts to track Facebook Ads and Google Ads. Tip: Make these two accounts subeccounts of Advertising.
Jane has asked you to start using Account Numbers. Tum on account numbers. NOTE: Add account numbers when instructed by your instructor.
Jane has discovered a couple of duplicate accounts. Merge the PurchasescOS account into the Other CostsCOS. NOTE: Keep the Other Costs account
The business is growing fast, and Jane wants you to update QuickBooks every day. Jane asks you to setup QuickBooks for Ontine banking. HOW TO APPLY THE ABOVE STEPS USING QUICKBOOKS PLEASE EXPLAIN IN DETAILS.. DONT USE AI ANSWRRS
Step 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