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please tell me how to do this in quickbook with steps thank you Smell So Goooooood Smell So Goooooood, is a merchandising company YOU started

please tell me how to do this in quickbook with steps thank you

Smell So Goooooood

"Smell So Goooooood," is a merchandising company YOU started on April 1. The company specializes in

Men's fragrances. Your initial cash balance is $25,000. The following information pertains to your company:

Objectives:

At the completion ofthis exercise the student will have:

  • Created a company,
  • Set Preferences
  • Create accounts, rename an account,
  • Create a vendor, and customers
  • Create an inventory list
  • Prepare purchase orders,
  • Receive items and bills against the purchase order,

CompanyName: Smell So Goooooood

Location:

One College Blvd. Paterson, NJ 07505

Phone:

(973) 684 - 6886

Form of business:

Sole proprietorship

Date of formation:

April 1, 2015

You have a single vendor which provides all your fragrances.

Vendor Name:

Perfume.com Customer Service Center

Vendor Address:

645 - 375 Water Street

Vancouver BC V6B 5C6, Canada

Vendor telephone:

Toll Free: 1-800-645-9251

Vendor Contact:

Mr. Welle Chevere

Set up the following Preferences:

Inventory items and purchase orders are active

Sales tax = None. You are a reseller (merchandiser) selling to retailers.

Hitting "Enter" moves between fields.

Remove date reminders

Your Income Account is "Sales."

Y ur inventory items are as follows:

I)aul Sebastian, 4.0 oz. gologue-SFRY, Cost 21.50, Retail Price $40.00

Acqua di Gio, 3.4 oz. Toilette Sprny, Cost $55.50, Retail Price $70,00

Cool Water, 4.2 oz. Toilette Spray, Cost $36.00, Retail Price $65.00

Calvin Klein, Eternity, 3.4 oz. Aftershave, Cost $30.00, Retail Price $40.00

Galvin Klein, Obsession, 4.0 oz. Toilette Spray, Cost $44.00, Retail Price $60.00

Ralph Lauren, Polo Blue, 4.2 oz. Toilette Spray, Cost $56.00, Retail Price $70,00

Jean Paul Gaultier, Le Male, 2.5 oz. Toilette spray, Cost $50.00, Retail Price $57.00

Royal Copenhagen, 3.4 oz. Cologne Spray, Cost $22.00, Retail Price $45.00

Transactions

The following transactions occurred during April 2015:

Apr. 2

Apr. 8

Issued a purchase order to Perfume.com Customer Service Center for the purchase of 30 of each of the above items.

Received only one half of the items purchased with the bill.

Apr. 12 Paid the bill for the items received.

Apr. 17 Received remaining items with the ill.

Apr. 26 Paid for the remaining items..

Create the following customers:

Customer Name:

cvs

Customer Address:

432 Cedar Lane

Hackensack, NJ 07601

Customer Contact:

Encina

Customer telephone:

(201) 873 - 2648

Customer Name:

Rite Aid

Customer Address:

615 Pill Road

Paterson, NJ 07055

Customer Contact:

Harry

Customer telephone:

(973) 684 - 2435

Customer Name:

Walmart

Customer Address:

1438 Sterling St.

Brick, NJ 07854

Customer Contact:

Belle

Customer telephone: (732) 691 - 5667

The following on account sales transactions occurred during October:

Apr. 10

Apr. 19

Apr, 28

Each customer purchased 3 of each item on account

Each customer purchased 4 of each item on account

You received payment from each customer.

Print out a trial balance.

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