You will have to create/use a general journaland a general ledger. You will be responsible for journalizing all transactions and posting them to the appropriate ledger accounts. At the end of each month, you will be required to prepare a trial balance.

9/10 Your first client, Red Fische, came in today needing assistance with filing the appropriate paperwork to start his new seafood restaurant. You issued invoice #1 to Red Fische andhe paid you an initial $2,000 Engagement Fee. Red Fischealso agreed to contract with you to provide accounting services for $2,500 per month.

9/20 You visited a new client, Anita Cooke, to set up a Quickbooks accounting system for her new business, Cooking For You. You gave Anita and invoice #2 for the Engagement Fee and she paid you by issuing a check in the amount of $2,000. Anita also agreed to a monthly fee of $1,500 for you to handle her ongoing accounting needs.

9/30 Mandi sent pro-rated invoices,#3 & #4, to Red Fische and Cooking For You for Monthly Accounting Services. The payment terms are 1/10, net 30.

.

.

.

Next Month

10/7 You received a check from Red Fische in full payment of invoice #3. (Should be a Salaries Payable account set up)