ACT 300 MODULE 3 THE BENTLEY HUGE CONSTRUCTION
Follow below link to get this tutorial:
Contact us at:
ACT 300 MODULE 3 THE BENTLEY HUGE CONSTRUCTION
1st of month: Beginning cash is $200,000; beginning equity is
$200,000.
o 9th of month: Accounts receivable increase $90,000; corresponding
account construction income (Quick add: XYZ, customer).
o 11th of month: Construction in progress increase $100,000;
corresponding accounts payable due in 10 days (Quick add: ABC Company, vendor).
o 12th of month: Furniture and equipment increase $50,000;
corresponding account cash (ABC Company, vendor).
o 15th of month: Construction income increase $800,000;
corresponding account accounts receivables (XYZ, customer).
o 20th of month: Loan from MNO Bank $60,000; corresponding cash
account (Quick add: MNO Bank, other).
o 30th of month: Make individual cash entries (for each amount
to corresponding expense items) for payroll expense $10,000; rent expense
$1,000; telephone expense $300; and utilities expense $500 (Quick add and use
for all: Misc., other).
Instructions:
In an Excel worksheet, submit to the assignment area the
standard balance for the end of last month for the Bentley Huge Construction
Company:
? Go to the top ribbon called “Reports” from Company and
Financial and Balance Sheet Standard.
? To export the chart of accounts to Excel, select the Excel tab
and then select “create a new worksheet.”
? Save the file as your last name_ first name.
No comments:
Post a Comment