To reopen your company, do the following 1) Open your Internet browser 2) Typehttps qbo intuit cominto your browser's address text box 3) Type your user ID and password into the text boxes as you have done before Case 1 Add some operating activities (sales and cash receipts) to your company Based on what you learned in the text using the Sample Company, you are to make the following changes to the Case 1 company you modified inChapter 3 1) Add a new customer Name Sarah Hay, Company Hey Hays Surf, Display name as Sarah Hay, Address 230 Beach Way, La Jolla, CA, 92039 2) Add a new service Tune Up, rate $85 00, income account Services 3) Add a new product Fred Rubble, initial quantity on hand 0, as of date 1 1 2018, Inventory asset account Inventory Asset, price $950 00, cost $600 00, income account Sales, expense account Cost of Goods Sold 4) Record a new sales receipt on 1 3 18 Customer Blondie's Boards, payment method Check, reference no 893, deposit to Undeposited Funds (add this new current asset account), product Rook 15, quantity 2 5) Record a new invoice on 1 4 18 Customer Sarah Hay, terms Net 30, service Tune Up, quantity 2, product The Water Hog, quantity 1 6) Record a new cash payment received on 1 5 18 Customer Blondie's Boards, payment method Check, reference no 984, deposit to Undeposited Funds, amount received $5,000 00 (Be sure to place a check in the Journal Entry 1 check box ) 7) Record a deposit made on 1 8 18 to the checking account Received from Blondie's Boards, amount received $1,300 00, related to Sales Receipt 8) Prepare a Trial Balance report with a From date of 1 1 18 and a To date of 1 31 18, save it as a customized report named Trial Balance 1 31 18, and share it with all users Your report should look likeFigure 4 22 If asked, indicate that your business is accrual based Figure4 22 Trial Balance (as of 1 31 18) 9) If your trial balance differs from what is shown inFigure 4 22, do the following Make sure that all of your changes were dated in January 2018 Click on the debit or credit balance to view a transactions report for each account, and investigate why your answer differs Ask your instructor for assistance Be sure your company matches the above as you will be adding additional business events inChapter 5 10) Export your Trial Balance report to Excel, and save it with the file name Student Name (replace with your name) Ch 04 Case 01 Trial Balance xlsx 11) Open and print the custom report you created in theChapter 3called Transaction Detail by Account 12) Use your Transaction Detail by Account report to locate any differences in your Trial Balance report created above a Make sure all of your changes were dated in January 2018 Click on the line that does not match to view the transaction for that account, and investigate why your answer differs Ask your instructor for assistance Be sure your company matches the above as you will be adding additional business events inChapter 5 13) Export your Transactions Detail by Account report to Excel and save it with the file name Student Name (replace with your name) Ch 04 Case 01 Transaction Detail by Account xlsx 14) Sign out of your company My Home X MindTap Cengage Learning X Quickbooks Chapter 4 Flashcard d x qb Navigate QuickBooks Online Me X in BE 395 1 21 $4 Week Three Onli X C ng cengage com staticb ui evo index html eISBN 9780357442234 id 805419935 snapshotld 1757698 Tyreek v CENGAGE MINDTAP Q Search this course My Home Chapter 4 Operating Activities Sales and Cash Receipts X Courses AA N B IKIAL DALANCE Catalog and Study Tools As of January 31, 2018 Partner Offers DEBIT CREDIT Rental Options A Z College Success Tips Checking 26,300 00 Accounts Receivable 1,030 00 Career Success Tips Inventory Asset 6,700 00 RECOMMENDED FOR YOU Prepaid Expenses 3,000 00 Undeposited Funds 5,000 00 Furniture Fixtures Depreciation 10,000 00 Furniture Fixtures Original cost 40,000 00 Evaluating Online Accounts Payable 4,500 00 Information Notes Payable 60,000 00 Common Stock 1,000 00 Help Opening Balance Equity 0 00 5,500 00 Give Feedback Retained Earnings Sales 2,160 00 Services 170 00 Cost of Goods Sold 1,300 00 TOTAL $83,330 00 $83,330 00 9 C OM 9 5 27

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To reopen your company, do the following: 1) Open your Internet browser. 2) Typehttps://qbo.intuit.cominto your browser's address text box. 3) Type your user ID and

To reopen your company, do the following:

1) Open your Internet browser.

2) Typehttps://qbo.intuit.cominto your browser's address text box.

3) Type your user ID and password into the text boxes as you have done before.

Case 1

Add some operating activities (sales and cash receipts) to your company. Based on what you learned in the text using the Sample Company, you are to make the following changes to the Case 1 company you modified inChapter 3:

1) Add a new customer - Name: Sarah Hay, Company: Hey Hays Surf, Display name as: Sarah Hay, Address: 230 Beach Way, La Jolla, CA, 92039.

2) Add a new service - Tune-Up, rate: $85.00, income account: Services.

3) Add a new product - Fred Rubble, initial quantity on hand: 0, as of date 1/1/2018, Inventory asset account: Inventory Asset, price: $950.00, cost: $600.00, income account: Sales, expense account: Cost of Goods Sold.

4) Record a new sales receipt on 1/3/18 - Customer: Blondie's Boards, payment method: Check, reference no.: 893, deposit to: Undeposited Funds (add this new current asset account), product: Rook 15, quantity: 2.

5) Record a new invoice on 1/4/18 - Customer: Sarah Hay, terms: Net 30, service: Tune-Up, quantity: 2, product: The Water Hog, quantity: 1.

6) Record a new cash payment received on 1/5/18 - Customer: Blondie's Boards, payment method: Check, reference no.: 984, deposit to: Undeposited Funds, amount received: $5,000.00. (Be sure to place a check in theJournal Entry #1check box.)

7) Record a deposit made on 1/8/18 to the checking account - Received from: Blondie's Boards, amount received: $1,300.00, related to: Sales Receipt.

8) Prepare a Trial Balance report with a From date of 1/1/18 and a To date of 1/31/18, save it as a customized report named Trial Balance 1/31/18, and share it with all users. Your report should look likeFigure 4.22. If asked, indicate that your business is accrual based.

Figure4.22
Trial Balance (as of 1/31/18)

9) If your trial balance differs from what is shown inFigure 4.22, do the following:

Make sure that all of your changes were dated in January 2018.
Click on the debit or credit balance to view a transactions report for each account, and investigate why your answer differs.
Ask your instructor for assistance.
Be sure your company matches the above as you will be adding additional business events inChapter 5.

10) Export your Trial Balance report to Excel, and save it with the file name Student Name (replace with your name) Ch 04 Case 01 Trial Balance.xlsx.

11) Open and print the custom report you created in theChapter 3called Transaction Detail by Account.

12) Use your Transaction Detail by Account report to locate any differences in your Trial Balance report created above.

a. Make sure all of your changes were dated in January 2018.
Click on the line that does not match to view the transaction for that account, and investigate why your answer differs.
Ask your instructor for assistance.
Be sure your company matches the above as you will be adding additional business events inChapter 5.

13) Export your Transactions Detail by Account report to Excel and save it with the file name Student Name (replace with your name) Ch 04 Case 01 Transaction Detail by Account.xlsx.

14) Sign out of your company.

My Home X MindTap - Cengage Learning X Quickbooks Chapter 4 Flashcard d x qb Navigate QuickBooks Online: Me X in BE-395-1 21/$4: Week Three Onli > + X C ng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357442234&id=805419935&snapshotld=1757698& Tyreek v CENGAGE | MINDTAP Q Search this course ? My Home Chapter 4: Operating Activities: Sales and Cash Receipts X Courses "AA N B ? IKIAL DALANCE Catalog and Study Tools As of January 31, 2018 Partner Offers DEBIT CREDIT Rental Options A-Z College Success Tips Checking 26,300.00 Accounts Receivable 1,030.00 Career Success Tips Inventory Asset 6,700.00 RECOMMENDED FOR YOU Prepaid Expenses 3,000.00 Undeposited Funds 5,000.00 Furniture & Fixtures:Depreciation 10,000.00 Furniture & Fixtures:Original cost 40,000.00 Evaluating Online Accounts Payable 4,500.00 Information Notes Payable 60,000.00 Common Stock 1,000.00 ? Help Opening Balance Equity 0.00 5,500.00 Give Feedback Retained Earnings Sales 2,160.00 Services 170.00 Cost of Goods Sold 1,300.00 TOTAL $83,330.00 $83,330.00 9 C OM 9 5:27