ACT 300 Module 5 The Case of Sam’s Company

For 1/1/2015:

Go to home, then select chart of accounts, and then select opening equity and title equity as EQUITY.

Deposit $150,000 to the CDE Bank Account (Quick add: Other).

Select “Banking Section” from the icons on the screen (i.e., Vendors, Customers, Employees, Company, and Bank). All five transactions that follow will be completed in the CDE Bank Account in this section.

For 1/3/2015:

Select “write a check” and a picture of a check will appear.

On check, write: Pay-to-the-order-of: Weiss (Quick add: Vendor) for $50,000.

In memo, write: For purchase of plant and equipment.

Account is Furniture and Equipment.

For 1/10/2015:

Select record a deposit of $40,000 from ABC Bank (Quick add: Other).

Account is Consulting Income.

In memo, write: Work completed on 1/10/15.

For 1/20/2015:

Select write a check and a picture of a check will appear.

On check, write: Pay-to-the-order-of: Wansi (Quick add, Vendor) for $5,000.

In memo, write: For purchase of office supplies.

Account is Supplies.

For 1/31/2015:

Record a deposit of $120,000 from Bill (Quick add: Customer).

Account is Consulting Income.

In memo, write: Work completed on 1/31/2015.

For 1/31/2015:

Select “write a check” and a picture of a check will appear.

On check, write: Pay-to-the-order-of: #1 Employee (Quick add: Employee) for $25,000.

In memo, write: Payroll expense for month of January, 2015.

Account is Payroll Expense.

Instructions:

 In an Excel worksheet, submit to the assignment area the standard balance for the end of last month for Sam’s Company.

 Go to the check register icon, then to the top ribbon called Reports, then select Company and Financial, and then select Statement of Cash Flow Report. Make sure that the dates on top are from January 1 to January 31, 2015.

 To export data to Excel, select the Excel tab and

then select “create a new worksheet.”

 Save your file as your last name_first name.

 

Course Home Work aims to provide quality study notes and tutorials to the students of ACT 300 Module 5 The Case of Sam’s Company  in order to ace their studies.

Course Home Work – Best Home Work Tutorials

ACT 300 Module 5 The Case of Sam’s Company

Course Home Work, ACT 300 Module 5 The Case of Sam’s Company , Home Work Tutorials, Home Work Solutions, Home Work Essay, Home Work Questions.ACC 565 Wk 7 Assignment 3, ACC403 week 2 assignment, ACC565 Week 10, ACCT 212 (Financial Accounting),  ACCT 344 (Entire Course) – Devry, ACCT 344 Final Exam Latest 2014 – Devry,  ACCT 346 (Managerial Accounting), ACCT 346 Midterm Exam Updated DeVry, ACCT 504, ACCT 504 Week 8, ACCT 553, ART 101 Week 8, Ashford BUS 401, ASHFORD BUS 640, Ashford HIS 204, ASHFORD MAT 222 Week 3, BA 215 (Business Statistics), BA 215 All Assignments Week 1 -8 – Grantham, BA 225, BA 260, BA 265 (Business Law II), BA 265 (Business Law II) FINAL EXAM, BA 340 All Course Assignments, BA 340 Human Resource, BA 370 (Employment Law), BA 405 Multinational Management, BA 470 Week 3 – 5 – 6 – 7, BA 470 Entrepreneurship, BA350 Principles Of Finance, BIS 155 Final Exam – DeVry, BIS 220 Final Exam, BSOP 429, BSOP 434 Entire Course – Devry, BUS 303 Week 2, BUS 303 Week 3, BUS 303 Week 5, BUS 311 Business Law, BUS 330 Week 1, BUS 330 Week 3, BUS 330 Week 5, BUS 401 Week 4 DQ 1, BUS 401 Week 4 DQ 2, BUS 402 WEEK 4, BUS 405 (Principles of Investment), BUS 475, BUS 475 Final Exam 100 MCQS, BUS 475 Final Exam 600 MCQS, BUS 599 (STRAYER), BUS 599 Assignment, BUS 620 Week 4, BUS 640 Week 1, BUS499 Asignment 4, BUS508 Asignment 1, BUS499 Assignment 3.

ACT 300 Module 5 The Case of Sam’s Company