Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is one qeustion and the activity is below the question to answer correctly 1 1 C Required information Start your QuickBooks Online company. Complete

This is one qeustion and the activity is below the question to answer correctly image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
1 1 C Required information Start your QuickBooks Online company. Complete all the hands on work, step by step activides presented on pages 53 89, and Exercises 2-1 and 2-2 on pages 90-92. To answer the questions below, use the information in QuickBooks from your Chapter 2 work. 30 po Required: For each account in the table below, enter the account number, account type, and detail type. For default accounts, leave the account number field blank Account Number AccuType Duel Type fo Ae Accounts Receivable Merchandise inventory Computer Equipment Common Stock Red Earnings Owner Investment Sa Shipping income Freight Delivery Interest Expens Oce Supplies Rent Le Towns and conto QUICKBOOKS RESOURCES AND ACTIVITIES All students and professors have access to the Online Learning Center (OLC)" at www.mbhe.com/abo3e which includes 1. Access OBO Sign Up 2. Narrated Power Points 3. Going to the Net: Go online to Compare Online Products and answer the questions 4. OBO Videos Watch Stay Organized with QuickBooks and additional Intuit videos 5. Text Updates * Additional helpful resources may be added periodically Connect: If your professor requires Connect, the QuickBooks Resources and Activities above can be found under Additional Student Post Resources (ASR) within Connect. Your professor may also assign one or more of the following resources for grading within Connect 1. Multiple choice and true or false questions 2. Analysis questions) 3. Check Your Progress 4. Chapter work and end-of-chapter exercises 5. Problem Solving 6. Certification ORA 7. OLC activities Continue Aa Exercbe 3.1: Complete Exercise 2-1: 1. If necessary, start QBO. 2. Add the following accounts to the Chart of Accounts. Account Type Detail Type Name Number Prepaid Rent 123 Other Current Assets Prepaid Expenses Other Current Assets Undeposited Funds Other Current Liabilities Loan Payable Undeposited Funds 130 Loan Payable 205 Income Service/Fee Income Professional Fees 403 Expenses Shipping Freight & Delivery Shipping and Delivery Expense 627 Edit these accounts Account Type Detail Type *Name Number Other Current Assets Other Current Assets Uncategorized Asset 133 Income Service/Fee Income (Yes to changing the details.) Uncategorized Income 455 Expenses Travel Conventions Expenses Other Miscellaneous Service Cost Uncategorized Expense 701 604 Exercise 1-2: Follow the instructions below to complete Exercise 22 Save the Chart of Accounts as a PDF file. Use the file name Exercise 2.2 Chart of Accounts DAN Expenses Travel Conventions 604 Expenses Other Miscellaneous Service Cost Uncategorized Expense 701 Exercise 2.2: Follow the instructions below to complete Exercise 22: Save the Chart of Accounts as a PDF file. Use the file name Exercise 2-2_Chart of Accounts, 2. Export the Chart of Accounts to Excel. Use the file name Exercise 22_Chart of Accounts, xer. (Hint: Your chart of accounts may show some default accounts without account numbers) Check Your Chart of Accounts Account 101 Checking Bank, Detail Type Checking Account 123 Prepaid Rent: Other Current Assets: Detail Typo. Prepaid Expenses Account 133 Uncategorized Asset, Other Current Assets Detail Type Other Current Assets Account 205 Loan Payable, Other Current Liabilities, Detail Type Loan Payable Account 403 Professional Foes, Income, Detail Type. Service/Fee Income Account 455 Uncategorized Income: Income: Detail Type. Service Fee Income Account 604 Conventions, Expenses: Detail Type Travel Account 701 Uncategorized Expenses Expenses. Detail Type Other Miscellaneous Service Cost 2. Continue with Exercise 2-3 Exercise 2.3: Problem Solving Solving Exercise 2-3 is available within Connect. It includes: On the Chart of Accounts, why are the account and detail type selections important? To explain the account and detail types, use three PA Save the Chant of Accounts as a PDF file. Use the file name Exercise L-2_Chart of Accounts 2. Export the Chart of Accounts to Excel. Use the file name Exerche 22_Chart of Account Chee Your chart of accounts may show some default accounts without account numbers.) Check Your Chart of Accounts: Account 101 Checking Bank, Detail Type Checking Account 123 Prepaid Rent: Other Current Assets Detail Type, Prepaid Expenses Account 133 Uncategorized Asset: Other Current Assets Detail Type. Other Current Assets Account 205 Loan Payable; Other Current Liabilities: Detail Type Loan Payable Account 403 Professional Fees, Income Detail Type. Service/Fee Income Account 455 Uncategorized Income,Income, Detail Type, Service Fee/Income Account 604 Conventions: Expenses Detail Type Travel Account 701 Uncategorized Expenses, Expenses Detail Type Other Miscellaneous Service Cont 2. Continue with Exercise 23 Exerche 2.3: Problem Solvine res Problem Soins Exerci 23 is available within Connect. It includes On the Chart of Accounts, why are the account and detail type selections important to explain the account and detail types, me three accounts one asset, one liability, and one expense account. Identify the Account Type, Detail Type Name Number, and financial statement Exercise 24: Certification Q&A Exercise 24's Certification ORA multiplechoice questions are available within Connect 1 1 C Required information Start your QuickBooks Online company. Complete all the hands on work, step by step activides presented on pages 53 89, and Exercises 2-1 and 2-2 on pages 90-92. To answer the questions below, use the information in QuickBooks from your Chapter 2 work. 30 po Required: For each account in the table below, enter the account number, account type, and detail type. For default accounts, leave the account number field blank Account Number AccuType Duel Type fo Ae Accounts Receivable Merchandise inventory Computer Equipment Common Stock Red Earnings Owner Investment Sa Shipping income Freight Delivery Interest Expens Oce Supplies Rent Le Towns and conto QUICKBOOKS RESOURCES AND ACTIVITIES All students and professors have access to the Online Learning Center (OLC)" at www.mbhe.com/abo3e which includes 1. Access OBO Sign Up 2. Narrated Power Points 3. Going to the Net: Go online to Compare Online Products and answer the questions 4. OBO Videos Watch Stay Organized with QuickBooks and additional Intuit videos 5. Text Updates * Additional helpful resources may be added periodically Connect: If your professor requires Connect, the QuickBooks Resources and Activities above can be found under Additional Student Post Resources (ASR) within Connect. Your professor may also assign one or more of the following resources for grading within Connect 1. Multiple choice and true or false questions 2. Analysis questions) 3. Check Your Progress 4. Chapter work and end-of-chapter exercises 5. Problem Solving 6. Certification ORA 7. OLC activities Continue Aa Exercbe 3.1: Complete Exercise 2-1: 1. If necessary, start QBO. 2. Add the following accounts to the Chart of Accounts. Account Type Detail Type Name Number Prepaid Rent 123 Other Current Assets Prepaid Expenses Other Current Assets Undeposited Funds Other Current Liabilities Loan Payable Undeposited Funds 130 Loan Payable 205 Income Service/Fee Income Professional Fees 403 Expenses Shipping Freight & Delivery Shipping and Delivery Expense 627 Edit these accounts Account Type Detail Type *Name Number Other Current Assets Other Current Assets Uncategorized Asset 133 Income Service/Fee Income (Yes to changing the details.) Uncategorized Income 455 Expenses Travel Conventions Expenses Other Miscellaneous Service Cost Uncategorized Expense 701 604 Exercise 1-2: Follow the instructions below to complete Exercise 22 Save the Chart of Accounts as a PDF file. Use the file name Exercise 2.2 Chart of Accounts DAN Expenses Travel Conventions 604 Expenses Other Miscellaneous Service Cost Uncategorized Expense 701 Exercise 2.2: Follow the instructions below to complete Exercise 22: Save the Chart of Accounts as a PDF file. Use the file name Exercise 2-2_Chart of Accounts, 2. Export the Chart of Accounts to Excel. Use the file name Exercise 22_Chart of Accounts, xer. (Hint: Your chart of accounts may show some default accounts without account numbers) Check Your Chart of Accounts Account 101 Checking Bank, Detail Type Checking Account 123 Prepaid Rent: Other Current Assets: Detail Typo. Prepaid Expenses Account 133 Uncategorized Asset, Other Current Assets Detail Type Other Current Assets Account 205 Loan Payable, Other Current Liabilities, Detail Type Loan Payable Account 403 Professional Foes, Income, Detail Type. Service/Fee Income Account 455 Uncategorized Income: Income: Detail Type. Service Fee Income Account 604 Conventions, Expenses: Detail Type Travel Account 701 Uncategorized Expenses Expenses. Detail Type Other Miscellaneous Service Cost 2. Continue with Exercise 2-3 Exercise 2.3: Problem Solving Solving Exercise 2-3 is available within Connect. It includes: On the Chart of Accounts, why are the account and detail type selections important? To explain the account and detail types, use three PA Save the Chant of Accounts as a PDF file. Use the file name Exercise L-2_Chart of Accounts 2. Export the Chart of Accounts to Excel. Use the file name Exerche 22_Chart of Account Chee Your chart of accounts may show some default accounts without account numbers.) Check Your Chart of Accounts: Account 101 Checking Bank, Detail Type Checking Account 123 Prepaid Rent: Other Current Assets Detail Type, Prepaid Expenses Account 133 Uncategorized Asset: Other Current Assets Detail Type. Other Current Assets Account 205 Loan Payable; Other Current Liabilities: Detail Type Loan Payable Account 403 Professional Fees, Income Detail Type. Service/Fee Income Account 455 Uncategorized Income,Income, Detail Type, Service Fee/Income Account 604 Conventions: Expenses Detail Type Travel Account 701 Uncategorized Expenses, Expenses Detail Type Other Miscellaneous Service Cont 2. Continue with Exercise 23 Exerche 2.3: Problem Solvine res Problem Soins Exerci 23 is available within Connect. It includes On the Chart of Accounts, why are the account and detail type selections important to explain the account and detail types, me three accounts one asset, one liability, and one expense account. Identify the Account Type, Detail Type Name Number, and financial statement Exercise 24: Certification Q&A Exercise 24's Certification ORA multiplechoice questions are available within Connect

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Sector Accounting And Budgeting For Non-Specialists

Authors: G. Jan Van Helden, Ron Hodges

1st Edition

1137376988, 9781137376985

More Books

Students also viewed these Accounting questions