Klooster And Allen Integrated Accounting Software Free Download

Trouble Appendix A-A is a continuation of Sample Problem Appendix A-S. Follow the footstep-by-step procedures provided to complete this problem for Redlin Wholesale Co. for the calendar month of May of the current year. Answer inspect questions A-A on page equally you complete this problem. Brandish reports as necessary to answer the questions. Note: As you consummate this problem, click Info. on the toolbar for helpful cheque figures to inspect your piece of work.

Pace i: Start Integrated Accounting 8e.

Step ii: Open up the file named IA8 Problem Appendix A-A.

Stride 3: Enter your name in the Your Proper noun text box.

Step 4: Apply Relieve Every bit to save the information with a file name of A-A Your Name.

Step 5: Add Legal&Prof. Fees Exp. to the chart of accounts. Assign account number 6580 so that information technology volition immediately follow Heating&Lighting Exp.

Step 6: Delete Saffert Imports from the vendor list.

Stride vii: Change the proper noun of the vendor Hinkley Company to Hinkley, Inc. and add a new vendor, Bresnan Mfg., Inc., to the vendor listing.

Step 8: Enter the full general periodical transactions.

General Periodical Transactions

May 01 Reversing entries required by April adjustments. Using the adjustment information presented in Appendix A Sample Problem A-South as the ground for your reversing entries, the only entry that requires reversing is for salaries payable.

Note: Reversing Entries – Reversing entries are general journal entries fabricated on the first day of a new accounting period that are the verbal reverse of an adjusting entry fabricated at the end of the previous period. In this reversing entry, $430.00 of sales salary and $310.00 of office salary (for a total of $740.00) from the previous accounting menstruation applies to this bookkeeping period.

Rev. Ent.

2130 Salaries Payable

$740.00

6110 Sales Bacon Expense

$430.00

6540 Role Salary Expense

$310.00

26 Received trade returned on business relationship from Stoffel

Manufacturing, $950.00. The cost of the merchandise returned was $595.00. The credit memo applies to Sales Invoice No. R5358.

26 Returned trade purchased on business relationship from Albright Company, $125.00; the debit memo applies to Invoice No. R3526.

Pace ix: Enter the purchases journal transactions.

Purchases Journal Transactions

May 03 Purchased merchandise on account from Albright Company, $2,950.00; Invoice No. 3533.

04 Purchased advertising on account from Schemmel Publications, $two,000.00; Invoice No. 3534.

05 Purchased merchandise on account from Kenward, Inc., $8,000.00; Invoice No. 3535.

05 Purchased the following on account from Lindemann Visitor: supplies, $925.00; role equipment, $895.00; total, $one,820.00; Invoice No. 3536.

x Purchased merchandise on account from Huntley Corporation, $nine,995.00; Invoice No. 3537.

12 Purchased trade on account from Hinkley, Inc., $8,200.00; Invoice No. 3538.

13 Purchased merchandise on business relationship from Geppert Supply Corp., $ten,048.xiv; Invoice No. 3539.

24 Purchased merchandise on business relationship from Bresnan Mfg., Inc., $1,900.00; Invoice No. 3540.

Step ten: Enter the greenbacks payments periodical transactions.

Cash Payments Periodical Transactions

May 03 Paid cash for calendar month's rent, $850.00; Check No. 2243.

04 Paid greenbacks for monthly telephone bill, $459.80; Check No. 2244.

04 Paid cash on business relationship to Schemmel Publications, roofing an invoice amount of $two,405.78, no discount; Check No. 2245.

05 Paid $3,500.00 on a note payable, plus interest of $227.50; total payment, $3,727.fifty; Check No. 2246.

05 Paid cash on account to Huntley Corporation, covering an invoice amount of $9,950.00, less two% discount, $199.00; Cheque No. 2247.

06 Paid cash on business relationship to Lindemann Visitor, covering an invoice amount of $2,420.fifteen, no disbelieve; Check No. 2248.

07 Paid cash on account to Kenward, Inc., covering an invoice corporeality of $eight,500.00, no discount; Check No. 2249.

17 Paid greenbacks on account to Schemmel Publications, covering an invoice amount of $2,000.00, no discount; Check No. 2250.

18 Paid cash for delivery charges, $115.00; Check No. 2251.

19 Paid cash on business relationship to Hinkley, Inc., roofing an invoice amount of $six,500.00, no discount; Check No. 2252.

20 Paid cash for legal fees, $iii,450.00; Check No. 2253.

21 Paid cash for printing business cards, $325.00; Cheque No. 2254. Charge Misc. Selling Expense.

27 Linda Redlin, owner, withdrew cash for personal employ, $2,250.00; Check No. 2255.

27 Paid cash on account to Geppert Supply Corp., covering an invoice corporeality of $7,350.95, no discount; Bank check No. 2256.

30 Paid monthly salaries: sales salaries, $3,446.lxxx; role salaries, $ii,902.35; full, $6,349.15; Cheque No. 2257.

30 Paid cash for electrical bill, $703.24 Check No. 2258.

xxx Paid cash for sales taxation liability, $464.lxx; Bank check No. 2259.

Step xi: Enter the sales journal transactions.

Sales Periodical Transactions

May 03 Sold merchandise on account to Harris Market, $15,000.00; Sales Invoice No. 5363. The cost of merchandise sold was $viii,845.00.

04 Sold trade on account to Baxter Legal Services, $995.00; Sales Invoice No. 5364. The cost of trade sold was $570.00.

06 Sold trade on account to Stoffel Manufacturing, $3,520.00; Sales Invoice No. 5365. The cost of trade sold was $2,045.00.

10 Sold merchandise on account to United Corporation, $3,265.00; Sales Invoice No. 5366. The price of merchandise sold was $1,805.00.

11 Sold trade on account to Mason Corporation, $i,250.00; Sales Invoice No. 5367. The cost of trade sold was $750.00.

14 Sold trade on account to Campbell Interiors, $12,245.00; Sales Invoice No. 5368. The cost of merchandise sold was $7,000.00.

eighteen Sold trade on business relationship to Matson Boutique, $8,235.00; Sales Invoice No. 5369. The toll of merchandise sold was $four,940.00.

xix Sold merchandise on account to Mercy Clinic, Assoc., $v,000.00; Sales Invoice No. 5370. The toll of merchandise sold was $2,975.00.

21 Sold merchandise on account to Burgess Service Center, $i,815.95; Sales Invoice No. 5371. The price of merchandise sold was $one,035.00.

24 Sold merchandise on account to Kimble Carpet Center, $11,655.00; Sales Invoice No. 5372. The cost of merchandise sold was $6,780.00.

Stride 12: Enter the cash receipts journal transactions.

Cash Receipts Periodical Transactions

May 03 Received cash on account from Harris Market, covering Sales Invoice No. 5356 for $12,000.00, no discount.

07 Received cash on account from Matson Bazaar, covering Sales Invoice No. 5362 for $10,000.00, less 2% discount, $200.00.

08 Received cash on business relationship from Campbell Interiors, roofing Sales Invoice No. 5361 for $17,450.00, less ii% discount, $349.00.

10 Received greenbacks on account from Baxter Legal Services, covering Sales Invoice No. 5357 for $795.00, no discount.

11 Received cash on account from Kimble Rug Heart, covering Sales Invoice No. 5291 for $16,787.75, no discount.

13 Received cash on account from Mason Corporation, covering Sales Invoice No. 5360 for $i,200.00, no discount.

17 Sold merchandise for greenbacks May 1 through May 15, $4,610.00, plus vi% sales tax, $276.60; total, $iv,886.60. Greenbacks Receipt No. 1203. The cost of the merchandise sold was $two,500.00.

17 Received cash on account from Baxter Legal Services, roofing Sales Invoice No. 5364 for $995.00, no disbelieve.

25 Received cash on account from United Corporation, covering Sales Invoice No. 5283 for $19,625.xv, no disbelieve.

31 Sold merchandise for cash May sixteen through May 31, $4,175.00, plus 6% sales revenue enhancement, $250.fifty; full, $4,425.fifty. Cash Receipt No. 1204. The cost of the merchandise sold was $2,495.00.

Stride thirteen: Display the chart of accounts.

Step fourteen: Display the vendor listing.

Step 15: Display the periodical entries and make corrections, if necessary.

Step 16: Display the trial balance.

Step 17: Display the Schedule of Accounts Payable and Accounts Payable Ledger reports (for all vendors).

Stride xviii: Brandish the Schedule of Accounts Receivable and Accounts Receivable Ledger reports (for all customers).

Terminate-of-Month Activities

After the monthly transactions have been processed, the adjusting entries must be entered into the computer and displayed. The fiscal statements may and then exist displayed. The aligning information for the month of May for Redlin Wholesale Co. are listed adjacent.

Insurance expired during May

$400.00

Inventory of supplies

$2,345.00

Depreciation for May:

Warehouse equipment

$646.54

Office equipment

$281.00

Salaries Payable:

Sales salaries

$462.00

Office salaries

$341.00

Step 1: Enter the adjusting entries in the general journal. Enter a reference of Adj.Ent. in the Reference text box.

Step 2: Display the adjusting entries.

Pace 3: Utilise the Check toolbar button to bank check your work and make corrections if necessary.

Pace 4: Display the income statement.

Footstep 5: Display the statement of owner's disinterestedness.

Footstep 6: Display the remainder sheet.

Pace 7: Display a Balance Sail graph.

Step 8: Click Save on the toolbar to salvage the data file.

Step 9 Optional spreadsheet integration activity.

Use a spreadsheet to prepare a report and pie chart showing the component percent owed by each client as of May 31.

a. Display and copy the Schedule of Accounts Receivable written report to the clipboard in spreadsheet format.

b. Commencement your spreadsheet software and load template file IA8 Spreadsheet Appendix A-S (a bare, formatted worksheet will appear).

c. Select jail cell A1 as the current cell (if not already selected) and paste the schedule of accounts receivable report into the spreadsheet.

d. Enter Percent in cell C7.

Enter the formula to calculate the sum of the balance column. Enter the formula to calculate the component pct in cell C9. Copy and paste the formula in cell C9 to the appropriate cells.

e. Format the amounts in currency format and the calculated percentages in pct format if necessary.

f. Generate a pie chart depicting the data in the report.

g. Impress the spreadsheet and pie chart.

h. Relieve your spreadsheet data to your deejay with a file name of A-A Your Proper noun.

i. What if Campbell Interiors' rest is now $15,000.00 and Kimble Carpet Center's rest is at present $10,000.00? Enter these changes. Observe the effects of these changes on the component percentages and pie chart.

j. Terminate your spreadsheet session.

Step ten: Optional discussion processing integration activity.

Use the company'southward word processing fax template to set up the customer business relationship balance information for the bookkeeping house for the month ended May 31:

a. Brandish and copy the Schedule of Accounts Receivable report to the clipboard in word processing format.

b. Showtime your give-and-take processing application software and load template file IA8 Wordprocessing Appendix A-S (load as a document file).

c. Enter your proper noun in the FROM field and complete the rest of the top portion of the facsimile every bit shown in Figure A.25 on page.

d. Paste the report, delete written report headings, totals, and then on, and format the document to lucifer Figure A.25.

due east. Print the completed document.

f. Salvage the document to your disk with a file proper name of A-A Your Name.

k. Cease your give-and-take processing session.

Pace 11: Terminate the Integrated Accounting 8e session.

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