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YOUR NAME LANDSCAPE AMD POOL SERVICE
Chapter 3 continues with the transactions for bills, bill payments, and purchases for Your Name Landscape and Pool Service. Cash control measures have been implemented. Laura prints the checks and any related reports; and you, the owner, sign the checks.
Continue to use the company file that you used in Chapters 1 and 2 Landscape.qbw. Record the bills, bill payments, and purchases as instructed within the chapter. Always read the transactions carefully and review the Chart of Accounts when selecting transaction accounts. Print reports and graphs as indicated. Even though bills may be printed, it is not required. Check with your instructor to see if printing bills is assigned. If a bill is recorded on the Enter Bills screen, it should be paid on the Pay Bills screen-not by writing the check.
Edit the vendor Communications Services. On the Payment Settings tab change the "Print Name on Check as" from Total Communications to Communications Services.
Received a bill from Communications Services for cellular phone service, $485, Net 10, Invoice No. 1109, Memo: January Cell Phone Services.
Received a bill from the Office Supply Store for the purchase of office supplies to have on hand, $275, Net 30, Invoice No. 58-9826. (This is a prepaid expense so an asset account is used.) No memo is necessary.
Received a bill from Douglas Motors for truck service and repairs, $519, Net 10, Invoice No. 1-62, Memo: Truck Service and Repairs. (Use Automobile Expense as the account for this transaction. We will change the name to something more appropriate in Chapter 4.)
Received a bill from State Street Gasoline for gasoline for the month, $375, Net 10, Invoice No. 853, Memo: Gasoline for the Month. 4
Received a bill from Richard's Cooler/Heating for a repair of the office heater, $150, Net 30, Invoice No. 87626, Memo: Heater Repair. (The heater is part of the building.)
Add a new expense account: Disposal Expense, Description: County Dump Charges.
Received a bill from County Dump for disposing of lawn, tree, and shrub trimmings, $180, Net 30, Invoice No. 667, no memo necessary.
Received a bill from Santa Barbara Water Company, $25, Net 10, Invoice No. 098-1, no memo necessary.
Change the QuickBooks Company Preferences to customize the report format so that reports refresh automatically, and that the Date Prepared, the Time Prepared, and the Report Basis do not print as part of the header.
Prepare an Unpaid Bills Detail Report for January 15, 2013, resize columns as needed, print in Portrait orientation.
Pay all bills due on or before January 15, print the checks. (Use Pay Bills to pay bills that have been entered in the Enter Bills window.) Print the checks standard style.
Record the receipt of a bill from Repairs Plus. Add this new vendor as you record the transaction. Additional information needed to do a complete Set Up is: 1234 State Street, Santa Barbara, CA 93110, 805-555-0770, Net 10. The bill was for the repair of the lawn mower (equipment), $75, Invoice No. 5-1256, Memo: Lawn Mower Repair.
Change the telephone number for County Dump. The new number is 805-555-3798.
Prepare, resize columns, and print the Vendor Balance Detail Report for all transactions.
Received a $10 credit from Repairs Plus. The repair of the lawn mower wasn't as extensive as originally estimated.
Add Petty Cash to the Chart of Accounts.
After obtaining $50 as a cash withdrawal from the bank, complete a Transfer Funds form to transfer $50 from Checking to Petty Cash, Memo: Funds Transfer to Establish Petty Cash Fund.
Record the use of Petty Cash to pay for postage due 64 cents, and office supplies, $1.59 (this is a current expense). Memo notations are not necessary.
Write and print Check No. 5 to Repairs Plus to buy a lawn fertilizer spreader as a cash purchase of equipment, $349, Check Memo: Purchase Fertilizer Spreader. Print the check. (If you get a dialog box indicating that you currently owe money to Repairs Plus, Click Continue Writing Check. Remember, this is a purchase of equipment.)
Prepare, resize columns and print an Unpaid Bills Detail Report for January 30.w- Pay all bills due on or before January 30; print the checks. (Note: There may be some bills that were due after January 15 but before January 30. Be sure to pay these bills now. If any vendor shows a credit and has a bill that is due, apply it to the bill prior to payment. You may need to click on each bill individually in order to determine whether or not there is a credit to be applied.) Print the checks using standard style.
Prepare an Accounts Payable Graph as of 1/30/2013. Do not print.
Prepare a QuickZoom Graph for County Dump as of 1/30/2013. Do not print.
Prepare the Journal for January 1-30, 2013, expand the report, resize the columns, and then print the report in Landscape.
Print a Trial Balance for January 1-30, 2013
Back up your data and close the company.