Computer Accounting with QuickBooks Online 3rd Edition Solutions Manual | Donna Kay | Step-by-Step Answers

,
,
,
,
, b. Detail Type: Prepaid Expenses
3. a. Account Type: Other Current Assets
b. Detail Type: Prepaid Expenses


P2.1.5 COA: Add Subaccounts
1. a. Expense
b. Insurance
2. a. Expense
b. Insurance


P2.1.6 Display and Enter Account Numbers
1. c. Number
2. b. 1001 Checking
1002 Accounts Receivable (A/R)
1003 Inventory
1004 Prepaid Expenses
1005 Prepaid Expenses: Insurance
1006 Prepaid Expenses: Rent
1007 Prepaid Expenses: Supplies
1008 Uncategorized Asset
1009 Undeposited Funds
3. 2001 Accounts Payable (A/P)
2002 VISA Credit Card
2003 Unearned Revenue
4. 3001 Opening Balance Equity
3002 Owner Distributions
3003 Owner’s Investment
3004 Owner’s Pay & Personal Expenses
3005 Retained Earnings
5. 4001 Billable Expense Income
4002 Sales
4003 Uncategorized Income



CHAPTER 2 QBO CHART OF ACCOUNTS SOLUTIONS P2.2
Copyright 2021 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

, 6. 5001 Cost of Goods Sold
5002 Shipping
5003 Advertising & Marketing
5004 Ask My Accountant
5005 Bank Charges & Fees
5006 Car & Truck
5007 Contractors
5008 Employee Benefits
5009 Insurance
5010 Insurance: Liability Insurance Expense
5011 Insurance: Renter Insurance Expense
5012 Interest Paid
5013 Job Supplies
5014 Legal & Professional Services
5015 Meals & Entertainment
5016 Office Supplies & Software
5017 Other Business Expenses
5018 Reimbursable Expenses
5019 Rent & Lease
5020 Repairs & Maintenance
5021 Salaries & Wages
5022 Taxes & Licenses
5023 Travel
5024 Uncategorized Expense
5025 Utilities




CHAPTER 2 QBO CHART OF ACCOUNTS SOLUTIONS P2.3
Copyright 2021 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

,P2.1.7 COA
1. Bank
2. Accounts Receivable (A/R)
3. Other Current Assets
4. Other Current Assets
5. Other Current Assets
6. Other Current Assets
7. Other Current Assets
8. Accounts Payable (A/P)
9. Credit Card
10. Other Current Liability
11. Equity
12. Equity
13. Equity
14. Income
15. Expenses
16. Expenses
17. Expenses
18. Expenses
19. Expenses
20. Expenses
21. Expenses
22. Expenses
23. Expenses
24. Expenses
25. Expenses
26. Expenses
27. Expenses



CHAPTER 2 QBO CHART OF ACCOUNTS SOLUTIONS P2.4
Copyright 2021 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

,P2.1.8 Account Types
Account Type Financial Statement
1. Income Profit and Loss
2. Asset Balance Sheet
3. Asset Balance Sheet
4. Expense Profit and Loss
5. Asset Balance Sheet
6. Asset Balance Sheet
7. Expense Profit and Loss
8. Asset Balance Sheet
9. Expense Profit and Loss
10. Asset Balance Sheet
11. Liability Balance Sheet
12. Liability Balance Sheet
13. Asset Balance Sheet
14. Expense Profit and Loss
15. Expense Profit and Loss
16. Expense Profit and Loss
17. Expense Profit and Loss
18. Expense Profit and Loss
19. Equity Balance Sheet
20. Equity Balance Sheet
21. Equity Balance Sheet
22. Asset Balance Sheet
23. Expense Profit and Loss




CHAPTER 2 QBO CHART OF ACCOUNTS SOLUTIONS P2.5
Copyright 2021 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

, PROJECT 3.1
P3.1.1 QBO Lists

3. Products and Services List




!

Note: The format of the Products and Services List may vary. For example, your Products and
Services List may also include Hours and Sales.




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CHAPTER 3 QBO TRANSACTIONS SOLUTIONS P3.1
Copyright 2021 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.