Question
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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