Fluent Essays

All the instructions Will be included in the files attachedQuickbooks registration We will begin using QuickBooks soon. It is free for you to register and use as a student. Please follow the directions in the attached document CAREFULLY. You will be creating a company, the name of your company must be YOUR NAME, for example, mine would be Rebecca Trotter. I should see your name in my QuickBooks, to receive a grade. Note that you will make me your accountant using this email address: [email protected] Both of these are stated in the attached directions, I just wanted to point them out to you. *You must enter your address to register, feel free to use your DBU address or other address if you do not feel comfortable using your real address. After you complete the directions, you can look around. But, please do not create any transactions at this point. Open the link: https://www.intuit.com/partners/education-program/products/quickbooks/student-qbo-signup/ >>> Fill out the information asked (Complete Registration information. Please use this information: Dallas Baptist University, 4 year college, Accounting Systems) and click submit. Next, you will need to upload something to prove you are a student. Log in to Web Advisor and take a screenshot of your student schedule. Attach any documents necessary and click “Submit for review”. Wait for an email of approval like this one (check your spam mail if you don’t receive it with in 30 min): Click on the link and enter your license number and product number. Read and agree to terms of service and click “Set Up Account.”[Grab your reader’s attention with a great quote from the document or use this space to emphasize a key point. To place this text box anywhere on the page, just drag it.] Enter your information and click “Create Account.” ENTER YOUR NAME as your company name and choose less than 1 year. And Click “Next.” At the next window, just choose “ALL SET.” Choose your role at our business to be “Owner” & Choose me to be your accountant so that I can assess your progress and help you as needed. At this window click “My Accountant” - see below on the lefthand side of the screen. At the next window, enter THIS email address: [email protected] and click invite That’s it, you are done!Note: some screens might have slightly changed versions from the screenshots posted below. Please remember that reading directions and following them carefully is important. You will be counted off for any directions not followed. Remember QB updates their website very often so a few of the screen shots might be in a different format by the time this QB project is assigned, but all steps should be similar. Part A - You will work through the journal entries from Problem 3-1 from your textbook: 1. Login to your Quickbooks company. 2. The first thing you will do is set up the accounts in P3-1, part a. 3. Click on “Accounting” in the menu on the left. And See your Chart of Accounts. 4. Then click on “New” at the top right. 5. There are default accounts. But, let’s use the same accounts as the book. Begin creating the first account listed in part (a) – Cash. Use your accounting knowledge to set these up. For example, cash will be a bank account. a. 6. Click Save and Close 7. Continue with the other accounts. Use your accounting knowledge to set up the accounts. Note: for income summary – this is an equity account. There is not a good Detail Type to use for it… use Accumulated Adjustment. 8. Now you will book your journal entries. Click on the + sign at the top right and choose Journal Entry. All entries are in 2020. a. 9. For example, your first journal will look like this: a. b. Be sure to use the correct date, accounts, dollar amount, and type in the description from the book. Then click Save and New. c. Note that on Sept. 2nd, when you use A/P you will have to create a new vendor. Quickbooks allows you to do this as you do the JE. Click on the dropdown box at the far right under Name. Choose Add New. Complete the information. See below… i. ii. Later - when you use A/R, create a customer named “various”. 10. You will not close the accounts (quickbooks automatically closes them). Part A Submission - 1. Submit the following reports **Export each report and save them as PDFs, your name and then the name of the report, then A (for part A). For example: JohnDoeAccountListA. You will be counted off points if you do not name your documents correctly**: a. All reports are for the period 9/1– 9/30 b. To export (there is a button in the top right corner) 2. Go to reports > located on the left-hand side a. Account list b. Profit and Loss (Income Statement) c. Balance Sheet d. Journal 3. Now go to Who Owes You a. Accounts Receivable Aging Summary 4. Now go to What You Owe a. Accounts Payable Aging Summary Part B – 1. As a continuation of the above business, record the following journal entries for October 2020. Note that you may have to create new accounts for some transactions. a. 10/5 Purchased Office Supplies on account from Office Depot , $250 b. 10/8 Bill patients $1,000 for services performed. c. 10/8 Pay Rent $680. d. 10/20 Pay Salaries and Wages, $500 e. 10/25 Pay Utilities, $150 f. 10/31 Purchase land with a long-term notes payabl[email protected] Pass: GoogleAccount25* When you try login in theyll send a code to a gmail which can be found in the samething email as the one provided above. The password is also the same also same passwordWhen course materials are presented in an organized way, students are more likely to stay focused, develop mastery, and participate in class. WileyPLUS gives students a clear path through the course material. Starting with Wiley’s quality curated content, you can customize your course by hiding or rearranging learning objectives, setting the pacing of content, and even integrating videos, files, or links to relevant material. The easy-to-use, intuitive interface saves you time getting started, managing day-to-day class activities, and helping individual students stay on track. Linear Design and Organization Customizable modules organized by learning objective include eTextbook content, videos, animations, interactives, and practice questions. Interactive eTextbook Students can easily search content, highlight and take notes, access instructor’s notes and highlights, and read offline. Drag-and-Drop Customization Quick reordering of learning objectives and modules lets you match content to your needs. 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Starting with Wiley’s quality curated content, you can customize your course by hiding or rearranging learning objectives, setting the pacing of content, and even integrating videos, files, or links to relevant material. The easy-to-use, intuitive interface saves you time getting started, managing day-to-day class activities, and helping individual students stay on track. Linear Design and Organization Customizable modules organized by learning objective include eTextbook content, videos, animations, interactives, and practice questions. Interactive eTextbook Students can easily search content, highlight and take notes, access instructor’s notes and highlights, and read offline. Drag-and-Drop Customization Quick reordering of learning objectives and modules lets you match content to your needs. Customized Content Using the content editor, you can add videos, documents, pages, or relevant links to keep students motivated. Calendar The drag-and-drop calendar syncs with other features in WileyPLUS— like assignments, syllabus, When course materials are presented in an organized way, students are more likely to stay focused, develop mastery, and participate in class. WileyPLUS gives students a clear path through the course material. Starting with Wiley’s quality curated content, you can customize your course by hiding or rearranging learning objectives, setting the pacing of content, and even integrating videos, files, or links to relevant material. The easy-to-use, intuitive interface saves you time getting started, managing day-to-day class activities, and helping individual students stay on track. Linear Design and Organization Customizable modules organized by learning objective include eTextbook content, videos, animations, interactives, and practice questions. Interactive eTextbook Students can easily search content, highlight and take notes, access instructor’s notes and highlights, and read offline. Drag-and-Drop Customization Quick reordering of learning objectives and modules lets you match content to your needs. Customized Content Using the content editor, you can add videos, documents, pages, or relevant links to keep students motivated. Calendar The drag-and-drop calendar syncs with other features in WileyPLUS— like assignments, syllabus, and grades—so that one change on the calendar shows up in all places. Instructor App You can modify due dates, monitor assignment submissions, change grades, and communicate with your students all from your phone. WileyPLUS gives you the freedom and flexibility to tailor curated easily manage your course to engaged and on track. 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Drag-and-Drop Customization Quick reordering of learning objectives and modules lets you match content to your needs. Customized Content Using the content editor, you can add videos, documents, pages, or relevant links to keep students motivated. Calendar The drag-and-drop calendar syncs with other features in WileyPLUS— like assignments, syllabus,