Rinaldo arrives in a cheerful mood because he has just received some new sales prospects. You congratulate him and tell him about your Sage 50 experiences. He is pleased with your progress but says that because you are still new to the work, he will continue to mentor and supervise you closely over the next few weeks.

Rinaldo then hands you the following list of transactions that occurred throughout mid May up to yesterday (May 20) and asks you to record them in Sage 50:

Transactions from mid May 2017
May 9	Purchased 8 units DK800 desktop computers from Big Telco at $1,100 each, Invoice No. 793.
May 11	Made a cash sale to Handys Electronics, Invoice No. 3060 for the following items: 3 units DK800 desktop computers for $1,700 each plus 5% sales tax 3 units Swish Phones for $1,600 each plus 5% sales tax. Received Check No. 616 for $10,395 from this customer.
May 14	Received a sales order from Turbo Tech, Sales Order No. 9675. The following items are required to be shipped by May 23, 2017: 2 units DK800 desktop computers at $1,700 each plus 5% sales tax 4 units Tony ZIO MLP projectors at $2,200 each, plus 5% sales tax.
May 15	Issued Check No. 4093 for $7,100 to pay Advanced Property Management for three month's worth of rent in advance.
May 16	Purchased 7 units Zii game consoles from Big Telco for a list price of $840 each, Invoice No. 798. Issued Check No. 4094 for the full payment of this purchase.
May 16	Ordered 6 units Tony ZIO MLP projectors for $1,420 each, from Mega Tech, Purchase Order No. 871.
May 18	Sold merchandise on credit to Radio Hut, Invoice No. 3061. The items sold were: 7 units Swish Phones for $1,600 each plus 5% sales tax 12 units Zii game consoles for $1,300 each plus 5% sales tax.
May 19	Received 6 units Tony ZIO MLP projectors, Invoice No. 759. These items were ordered from Mega Tech for $1,420 each, Purchase Order No. 871.

Once you have finished recording the above transactions using Sage 50, Rinaldo instructs you to prepare a bank deposit ticket for any check received during the middle of May so that he can take it to the bank this afternoon.

Rinaldo also asks you to print a more up-to-date trial balance that includes all transactions up until the end of yesterday (May 20, 2017). He wants to compare this trial balance to the one that you made for him earlier. In particular, he is interested to know the impact of the Mid May transactions on the accounts of the business. As usual, he will also ask you to answer several questions about Sage 50.

Instructions

1. Use Sage 50 to record all of the Mid May transactions for Intermaweb Computer in Sage 50. Note that:
   • For each check received by the business, the check number is to be recorded in the reference field of the Receive Money window.
   • When recording purchase invoices in the Purchases/Receive Inventory window, you must enter the check number of each check issued (at the time of the purchase) in the Reference field of that window.
2. After all of the above transactions have been entered into Sage 50, use that software to create a bank deposit ticket as of May 21, 2017 (Deposit Ticket ID 2) and include all of the checks received during the middle of May into that deposit ticket.
3. Print the trial balance for Intermaweb Computer as of May 21, 2017 and transcribe your answers into the trial balance provided below. Note that your printed trial balance must not include accounts with zero balances.
4. Answer all of the questions that Rinaldo asks you below.

Intermaweb Computer
General Ledger Trial Balance
As of May 21, 2017

Account ID	Account Description	Debit Amt	Credit Amt
1020	Checking Account
1100	Accounts Receivable
1150	Allowance for Doubtful Account
1200	Inventory
1300	Office Supplies
1400	Prepaid Rent
1500	Property and Equipment
1900	Accum. Depreciation - Prop&Eqt
2000	Accounts Payable
2310	Sales Tax Payable
2330	Federal Payroll Taxes Payable
2600	Short Term Debt
2700	Long Term Debt-Noncurrent
3910	Retained Earnings
3930	Common Stock
4000	Sales Income
5000	Cost of Goods Sold
6000	Salaries Expense
6100	Payroll Tax Expense
6150	Bad Debt Expense
6400	Utilities Expense
6450	Office Supplies Expense
6500	Telephone Expense
6850	Service Charge Expense
6900	Purchase Disc-Expense Items
7050	Depreciation Expense
	Total:	0	0

Questions on Sage 50

(Q=311.F.MMTB.P1.Q1)

After you have recorded the given transactions in Sage 50, Rinaldo asks you to open the Purchase Orders window and identify the fields that are not provided in that window.

To open the Purchase Orders window:

1. From the Navigation Bar, click Vendors & Purchases
2. In the Vendors & Purchases Tasks section, click the Purchase Orders icon
3. Select the New Purchase Order option from the drop-down list that appears next to the Purchase Orders icon.

Select the fields that are not in the Purchase Orders window:

	Vendor ID and Ship to
	Ship by and Customer PO.
	Good thru and PO No.
	A/P account and Ship via

(Q=311.F.MMTB.P2.Q1)

Rinaldo then asks you to open the Sales Orders window and identify the fields that are provided in that window.

To open the Sales Orders window:

1. From the Navigation Bar, click Customers & Sales.
2. In the Customers & Sales Tasks section, click the Sales Orders icon.
3. Select the New Sales Order option from the drop-down list that appears next to the Sales Orders icon.

Select the correct option that shows existing fields in the Sales Orders window:

	Customer ID and Received
	Ship to and Sales tax
	Customer ID and Invoice No.
	Remit to and Ship by

(Q=311.F.MMTB.P3.Q1)

After you have recorded the given transactions in Sage 50, Rinaldo asks you to open the Sales Orders window and identify the impact of entering a sales order into Sage 50.

To open the Sales Orders window:

1. From the Navigation Bar, click Customers & Sales
2. In the Customers & Sales Tasks section, click the Sales Orders icon
3. Select the New Sales Order option from the drop-down list that appears next to the Sales Orders icon.
4. In the Sales Orders window, click the Journal toolbar button.

By referring to the Accounting Behind the Screens window that appears after the above steps are performed, which of the following is the consequence of recording a sales order into Sage 50:

	G/L accounts are updated as soon as the sales order details are saved in Sage 50.
	G/L accounts are updated only when items on the sales order are invoiced.
	In the general ledger, the Inventory account is debited and the Accounts Receivable account is credited by the value of the sales order.
	None of the above statements are correct.

(Q=212.F.MMTB.P4.Q1)

After you have finished creating the required deposit ticket in Sage 50, Rinaldo asks you to perform the following steps to open the deposit ticket dated May 21, 2017 that you have previously created. Then in the table below, record the running totals that are shown at the bottom of the Select for Deposit window.

1.From the Navigation Bar, select the Banking navigation center.

2.In the Banking Tasks section, click the Bank Deposits icon.

3.Select the View and Edit Bank Deposits option from the drop down list that appears next to the Bank Deposits icon.

4.In the Deposit List window, double click the deposit ticket dated May 21, 2017.

Complete the equation below using the running totals that are presented in the Select for Deposit window that appears after the above steps are performed.

Total Cash		Total Checks		Total Other		Total Deposit
	+		+		=