RECORD TRANSACTIONS January 31 Change the names of the following accounts: Student's Name, Capital to Your Name, Capital Remember to use your actual name. Business Trucks to Business Vehicles (Notice that the names of the subaccounts were not affected by this name change.) Business Trucks Loan to Business Vehicles Loan Automobile Expense to Business Vehicles Expense (Delete the description) O Auto Insurance Expense to Business Vehicles Insurance Capitalize the i in income for the account Residential Landscape income Make the following accounts inactive: O Recruiting O Travel & Ent (Notice that the subaccounts are also made inactive.) Delete the following accounts: O Sales Services Amortization Expense Interest Expense: Mortgage Taxes: Property Print the Chart of Accounts by clicking Reports on the menu bar, pointing to List, clicking Account Listing. Adjust the column widths so that all information is displayed, hide the Tax Line and Description columns. Use Portrait orientation. If you print to a pdf file, save the document as 1-Your Name Acct List Ch4. 266 QUICKBOOKS DESKTOP 2018: A Complete Course January 31 Enter adjusting entries in the General Journal for: Office Supplies Used, $185. Memo: January Supplies Used Business vehicles insurance expense for the month, $250. Memo: January Insurance Expense Depreciation for the month (Use a compound entry). Memo: January Depreciation - Business Vehicles, $950 - Equipment, $206.25 Enter transactions for Owner's Equity (These General Journal entries are not adjusting entries): Additional cash investment by you, $2.000. Memo: Investment: Cash Additional noncash investment by owner, $1.500 of lawn equipment. Memo: Investment: Equipment (Note: The value of the lawn equipment is the original cost of the asset.) o Write the Check 8 for the owner withdrawal of $1.000. Memo: January Withdrawal (Use your real name and add it as "Other," include the memo on the check face and in the Memo column in the detail section of the check.) Print the check. If you print to a pdf file, save the document as 2-Your Name Ck 8 Owner Ch4. Prepare Bank Reconciliation and Enter Adjustments for the Reconciliation for January 31, 2018. (Be sure to enter automatic payments, service charges, and interest. Pay close attention to the dates-especially for service charges and interest earned.) PARADISE BANK 1234 Coast Highway Santa Barbara, CA 93100 (805) 555-9310 Your Name's Pool & Garden Oasis 18527 State Street Santa Barbara, CA 993103 Acct. # 987-352-9152 January 31, 2018 Beginning Balance January 1, 2018 1/18/2018 Check 1 485.00 1/18/2018 Check 2 669.00 1/18/2018 Check 3 375.00 1/18/2018 Check 4 180.00 1/31/2018 Service Charge 10.00 1/31/2018 Business Vehicles Loan Pmt.: 956.18 Interest, 795.54; Principal, 160.64 1/31/2018 Interest 59.63 Ending Balance January 31, 2018 $23,850.00 23,365.00 23,185.00 22,810.00 22,141.00 22,131.00 21,174.82 21,234.45 $21,234,45 Print a Detailed Reconciliation Report in Portrait orientation. If you print to a pdf file, save the document as 3-Your Name Bank Rec Ch4. Change or Verify Reports & Graphs Preferences: Summary Reports Basis to Accrual. Transfer Net Income/Owner's Equity into Capital Account (Did you prepare a profit & Loss report for January to find out the amount of Net Income?) Use the Memo: Transfer Net Income into Capital. (This is not an adjusting entry.) Close the Draws account. Use the Memo: Close Drawing. (This is not an adjusting entry) CHAPTER 4-General Accounting and End-of-Period Procedures 267 Prepare the archive backup file: Oasis 2018 Archive 01-31-18) Close the period. The closing date is 01/31/18. (Do not use a password.) Edit a Transaction from a closed period: Discovered an error in the amount of office supplies used. The amount used should be $175, not $185. (Don't forget to adjust Owner's Equity and Capital.) Replace the archive backup file: Oasis (Archive 01-31-18) 4 January 31 Use the dates given for each report, expand, resize columns, and print the following in Portrait orientation unless specified as Landscape: Cash Flow Forecast for February 1-28, 2018 (Landscape orientation). If you print to a pdf file, save the document as 4-Your Name Cash Flow Forecast Ch4. Statement of Cash Flows, January 1-31, 2018. If you print to a pdf file, save the document as 5-Your Name Stmt of Cash Flows Ch4. Journal report for January 1-31. 2018. (Expand the report. Use Landscape orientation, and Fit report to one page wide) If you print to a pdf file, save the document as 6-Your Name Journal Ch4 Trial Balance, January 31, 2018. If you print to a pdf file, save the document as 7-Your Name Trial Bal Ch4. Profit & Loss Report (Standard), January 31, 2018. If you print to a pdf file, save the document as 8-Your Name P & L Ch4. Balance Sheet (Standard), January 31, 2018. If you print to a pdf file, save the document as 9-Your Name Bal Sheet Ch4. Backup your work to Oasis 2018 (Backup Ch. 4). RECORD TRANSACTIONS January 31 Change the names of the following accounts: Student's Name, Capital to Your Name, Capital Remember to use your actual name. Business Trucks to Business Vehicles (Notice that the names of the subaccounts were not affected by this name change.) Business Trucks Loan to Business Vehicles Loan Automobile Expense to Business Vehicles Expense (Delete the description) O Auto Insurance Expense to Business Vehicles Insurance Capitalize the i in income for the account Residential Landscape income Make the following accounts inactive: O Recruiting O Travel & Ent (Notice that the subaccounts are also made inactive.) Delete the following accounts: O Sales Services Amortization Expense Interest Expense: Mortgage Taxes: Property Print the Chart of Accounts by clicking Reports on the menu bar, pointing to List, clicking Account Listing. Adjust the column widths so that all information is displayed, hide the Tax Line and Description columns. Use Portrait orientation. If you print to a pdf file, save the document as 1-Your Name Acct List Ch4. 266 QUICKBOOKS DESKTOP 2018: A Complete Course January 31 Enter adjusting entries in the General Journal for: Office Supplies Used, $185. Memo: January Supplies Used Business vehicles insurance expense for the month, $250. Memo: January Insurance Expense Depreciation for the month (Use a compound entry). Memo: January Depreciation - Business Vehicles, $950 - Equipment, $206.25 Enter transactions for Owner's Equity (These General Journal entries are not adjusting entries): Additional cash investment by you, $2.000. Memo: Investment: Cash Additional noncash investment by owner, $1.500 of lawn equipment. Memo: Investment: Equipment (Note: The value of the lawn equipment is the original cost of the asset.) o Write the Check 8 for the owner withdrawal of $1.000. Memo: January Withdrawal (Use your real name and add it as "Other," include the memo on the check face and in the Memo column in the detail section of the check.) Print the check. If you print to a pdf file, save the document as 2-Your Name Ck 8 Owner Ch4. Prepare Bank Reconciliation and Enter Adjustments for the Reconciliation for January 31, 2018. (Be sure to enter automatic payments, service charges, and interest. Pay close attention to the dates-especially for service charges and interest earned.) PARADISE BANK 1234 Coast Highway Santa Barbara, CA 93100 (805) 555-9310 Your Name's Pool & Garden Oasis 18527 State Street Santa Barbara, CA 993103 Acct. # 987-352-9152 January 31, 2018 Beginning Balance January 1, 2018 1/18/2018 Check 1 485.00 1/18/2018 Check 2 669.00 1/18/2018 Check 3 375.00 1/18/2018 Check 4 180.00 1/31/2018 Service Charge 10.00 1/31/2018 Business Vehicles Loan Pmt.: 956.18 Interest, 795.54; Principal, 160.64 1/31/2018 Interest 59.63 Ending Balance January 31, 2018 $23,850.00 23,365.00 23,185.00 22,810.00 22,141.00 22,131.00 21,174.82 21,234.45 $21,234,45 Print a Detailed Reconciliation Report in Portrait orientation. If you print to a pdf file, save the document as 3-Your Name Bank Rec Ch4. Change or Verify Reports & Graphs Preferences: Summary Reports Basis to Accrual. Transfer Net Income/Owner's Equity into Capital Account (Did you prepare a profit & Loss report for January to find out the amount of Net Income?) Use the Memo: Transfer Net Income into Capital. (This is not an adjusting entry.) Close the Draws account. Use the Memo: Close Drawing. (This is not an adjusting entry) CHAPTER 4-General Accounting and End-of-Period Procedures 267 Prepare the archive backup file: Oasis 2018 Archive 01-31-18) Close the period. The closing date is 01/31/18. (Do not use a password.) Edit a Transaction from a closed period: Discovered an error in the amount of office supplies used. The amount used should be $175, not $185. (Don't forget to adjust Owner's Equity and Capital.) Replace the archive backup file: Oasis (Archive 01-31-18) 4 January 31 Use the dates given for each report, expand, resize columns, and print the following in Portrait orientation unless specified as Landscape: Cash Flow Forecast for February 1-28, 2018 (Landscape orientation). If you print to a pdf file, save the document as 4-Your Name Cash Flow Forecast Ch4. Statement of Cash Flows, January 1-31, 2018. If you print to a pdf file, save the document as 5-Your Name Stmt of Cash Flows Ch4. Journal report for January 1-31. 2018. (Expand the report. Use Landscape orientation, and Fit report to one page wide) If you print to a pdf file, save the document as 6-Your Name Journal Ch4 Trial Balance, January 31, 2018. If you print to a pdf file, save the document as 7-Your Name Trial Bal Ch4. Profit & Loss Report (Standard), January 31, 2018. If you print to a pdf file, save the document as 8-Your Name P & L Ch4. Balance Sheet (Standard), January 31, 2018. If you print to a pdf file, save the document as 9-Your Name Bal Sheet Ch4. Backup your work to Oasis 2018 (Backup Ch. 4)