CHAPTER 2 QUICK CHECK · 2.!4 Exploring QuickBooks with Rock Castle Construction Computer Accounting with QuickBooks 2015 by Donna Kay ©McGraw-Hill Education, 2016 Chapter 2 Customizing

2.�� Exploring QuickBooks with Rock Castle Construction 2

CHAPTER 2 QUICK CHECK

!PROJECT 2 QUICK CHECK

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CHAPTER 2£ * Chart of Accounts (Account Listing)

EXERCISE 2.1£ * Task 3: Statement of Cash Flows £ * Task 4: To Do List

EXERCISE 2.2£ * Task 3: Revised Chart of Accounts

EXERCISE 2.3£ Your Choice: List of Industry-Specific Features

EXERCISE 2.4£ Schedule C Tax Form£ 1120S Tax Form

PROJECT 2£ * Chart of Accounts (Account Listing)£ * Statement of Cash Flows

Computer Accounting with QuickBooks 2015 by Donna Kay ©McGraw-Hill Education, 2016

Chapter 2 Customizing QuickBooks and the Chart of Accounts 2.�� 3

CHAPTER 2 CHART OF ACCOUNTS (ACCOUNT LISTING)

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EXERCISE 2.1 TASK 3 STATEMENT OF CASH FLOWS

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EXERCISE 2.1 TASK 4 TO DO LIST

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!!!!!!!!!!!!!!!!Computer Accounting with QuickBooks 2015 by Donna Kay ©McGraw-Hill Education, 2016


EXERCISE 2.2 TASK 3 REVISED CHART OF ACCOUNTS



!EXERCISE 2.3 YOUR CHOICE: LIST OF INDUSTRY-SPECIFIC FEATURES

Students are to select two sample companies of their choice (other than a sample product-based business or a sample service-based business) and list the different industry-specific features.



EXERCISE 2.4 SCHEDULE C TAX FORM





EXERCISE 2.4 1120S TAX FORM







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!!Computer Accounting with QuickBooks 2015 by Donna Kay ©McGraw-Hill Education, 2016


PROJECT 2 CHART OF ACCOUNTS (ACCOUNT LISTING)

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Your Name Project 2 Larry's LandscapingAccount ListingDecember 15, 2019

Account Type Balance Total Description Accnt. # Tax Line

Barter Account Bank 0.00 Business to Business Barter <Unassigned>Cash Expenditures Bank 225.23 Wash acct for cash expenses <Unassigned>Checking Bank 99,250.02 Great Statewide Bank <Unassigned>Savings Bank 5,987.50 Great Statewide Bank <Unassigned>1200 · Accounts Receivable Accounts Receivable 35,810.02 1200 <Unassigned>Employee advances Other Current Asset 100.00 <Unassigned>Prepaid Insurance Other Current Asset 500.00 <Unassigned>1300 · Inventory Asset Other Current Asset 6,937.08 1300 <Unassigned>1400 · Undeposited Funds Other Current Asset 110.00 1400 <Unassigned>1500 · Truck Fixed Asset 12,025.00 1500 <Unassigned>1500 · Truck:1510 · Original Purchase Fixed Asset 13,750.00 Purchase Price of Asset 1510 <Unassigned>1500 · Truck:1520 · Accumulated Depreciation Fixed Asset -1,725.00 1520 <Unassigned>2000 · Accounts Payable Accounts Payable 2,578.69 2000 <Unassigned>QuickBooks Credit Card Credit Card 70.00 Platinum MasterCard <Unassigned>QuickBooks Credit Card:QBCC Field Office Credit Card 45.00 QBCC for Field Office Manager <Unassigned>QuickBooks Credit Card:QBCC Home Office Credit Card 25.00 QBCC for Management Office <Unassigned>QuickBooks Credit Card:QBCC Sales Dept Credit Card 0.00 QBCC for Sales Office <Unassigned>2100 · CalOil Card Credit Card 1,403.99 2100 <Unassigned>Payments on Account Other Current Liability -1,520.00 Deposits rec'd from customers <Unassigned>2102 · Payroll Liabilities Other Current Liability 5,520.47 2102 <Unassigned>2111 · Direct Deposit Liabilities Other Current Liability 0.00 2111 <Unassigned>2300 · Sales Tax Payable Other Current Liability 2,086.50 2300 <Unassigned>Bank of Anycity Loan Long Term Liability 19,932.65 <Unassigned>Equipment Loan Long Term Liability 3,911.32 <Unassigned>2400 · Bank Loan Long Term Liability 5,369.06 Recapitalization Loan 2400 <Unassigned>3000 · Owner's Equity Equity -5,000.00 3000 <Unassigned>3000 · Owner's Equity:3010 · Owner's Draw Equity -5,000.00 3010 <Unassigned>3000 · Owner's Equity:3020 · Owner's Contributions Equity 0.00 3020 <Unassigned>3100 · Retained Earnings Equity 3100 <Unassigned>3200 · Opening Bal Equity Equity 151,970.07 3200 <Unassigned>Retail Sales Income <Unassigned>Service Income <Unassigned>4100 · Landscaping Services Income 4100 Schedule C: Gross receipts or sales4100 · Landscaping Services:4000 · Design Services Income 4000 Schedule C: Gross receipts or sales4100 · Landscaping Services:4110 · Job Materials Income 4110 Schedule C: Gross receipts or sales4100 · Landscaping Services:4110 · Job Materials:Mis Income <Unassigned>4100 · Landscaping Services:4110 · Job Materials:411 Income 4111 Schedule C: Gross receipts or sales4100 · Landscaping Services:4110 · Job Materials:411 Income 4112 Schedule C: Gross receipts or sales4100 · Landscaping Services:4110 · Job Materials:411 Income 4113 Schedule C: Gross receipts or sales4100 · Landscaping Services:4110 · Job Materials:411 Income 4114 Schedule C: Gross receipts or sales4100 · Landscaping Services:4120 · Labor Income 4120 Schedule C: Gross receipts or sales4100 · Landscaping Services:4120 · Labor:4121 · InstaIncome 4121 Schedule C: Gross receipts or sales4100 · Landscaping Services:4120 · Labor:4122 · MainIncome 4122 Schedule C: Gross receipts or sales4100 · Landscaping Services:4130 · Equipment Renta Income 4130 Schedule C: Gross receipts or sales4200 · Discounts Income 4200 Schedule C: Gross receipts or sales4300 · Other Income Income 4300 Schedule C: Other business income4400 · Markup Income Income 4400 Schedule C: Gross receipts or sales4999 · Uncategorized Income Income 4999 Schedule C: Other business income5000 · Cost of Goods Sold Cost of Goods Sold 5000 Schedule C: Materials/supplies, COGS6000 · Advertising Expense 6000 Schedule C: Advertising6100 · Amortization Expense Expense 6100 <Unassigned>6200 · Automobile Expense 6200 Schedule C: Car and truck expenses6200 · Automobile:Insurance Expense <Unassigned>6200 · Automobile:License & Fees Expense <Unassigned>



Account Type Balance Total Description Accnt. # Tax Line

6200 · Automobile:6210 · Fuel Expense 6210 Schedule C: Car and truck expenses6200 · Automobile:6220 · Maintenance & Repairs Expense 6220 Schedule C: Car and truck expenses6300 · Bad Debt Expense 6300 Schedule C: Bad debts from sales/services6400 · Bank Service Charges Expense 6400 Schedule C: Interest expense, other6500 · Bond Expense Expense 6500 Schedule C: Interest expense, other6561 · Payroll Expenses Expense 6561 <Unassigned>6600 · Delivery Fee Expense 6600 Schedule C: Other business expenses6700 · Depreciation Expense 6700 Schedule C: Depletion6700 · Depreciation:6710 · Section 179 Expense 6710 Schedule C: Other business expenses6800 · Dues and Subscription Expense 6800 Schedule C: Legal and professional fees6900 · Insurance Expense 6900 Schedule C: Insurance, other than health6900 · Insurance:6910 · Disability Expense 6910 Schedule C: Insurance, other than health6900 · Insurance:6920 · Liability Expense 6920 Schedule C: Insurance, other than health6900 · Insurance:6930 · Worker's Comp Expense 6930 Schedule C: Insurance, other than health6999 · Uncategorized Expenses Expense 6999 <Unassigned>7000 · Interest Expense Expense 7000 Schedule C: Interest expense, other7000 · Interest Expense:7010 · Finance Charges Expense 7010 Schedule C: Interest expense, other7000 · Interest Expense:7020 · Interest on Loan Expense 7020 Schedule C: Interest expense, other7100 · Job Expenses Expense 7100 Schedule C: Other costs, COGS7100 · Job Expenses:7110 · Job Materials Expense 7110 Schedule C: Materials/supplies, COGS7100 · Job Expenses:7110 · Job Materials:7111 · DeckExpense 7111 Schedule C: Materials/supplies, COGS7100 · Job Expenses:7110 · Job Materials:7112 · FounExpense 7112 Schedule C: Materials/supplies, COGS7100 · Job Expenses:7110 · Job Materials:7113 · Plan Expense 7113 Schedule C: Materials/supplies, COGS7100 · Job Expenses:7110 · Job Materials:7114 · SprinExpense 7114 Schedule C: Materials/supplies, COGS7100 · Job Expenses:7120 · Equipmental Rental Expense 7120 Schedule C: Rent/lease vehicles, equip.7100 · Job Expenses:7130 · Permits Expense 7130 Schedule C: Other costs, COGS7100 · Job Expenses:7140 · Subcontractors Expense 7140 Schedule C: Labor, cost of goods7200 · Miscellaneous Expense 7200 Schedule C: Other business expenses7250 · Mileage Reimbursement Expense 7250 Schedule C: Car and truck expenses7300 · Office Supplies Expense 7300 Schedule C: Office expenses7310 · Supplies Expense 7310 Schedule C: Supplies (not from COGS)7320 · Computer Supplies Expense 7320 Schedule C: Supplies (not from COGS)7400 · Professional Fees Expense 7400 Schedule C: Legal and professional fees7400 · Professional Fees:7410 · Accounting Expense 7410 Schedule C: Legal and professional fees7400 · Professional Fees:7420 · Legal Expense 7420 Schedule C: Legal and professional fees7400 · Professional Fees:7430 · Professional Design FExpense 7430 Schedule C: Legal and professional fees7500 · Rent Expense 7500 Schedule C: Rent/lease other bus. prop.7550 · Repairs Expense 7550 Schedule C: Repairs and maintenance7550 · Repairs:7551 · Building Repairs Expense 7551 Schedule C: Repairs and maintenance7550 · Repairs:7552 · Computer Repairs Expense 7552 Schedule C: Repairs and maintenance7550 · Repairs:7553 · Equipment Repairs Expense 7553 Schedule C: Repairs and maintenance7600 · Taxes Expense 7600 Schedule C: Taxes and licenses7600 · Taxes:7610 · Federal Expense 7610 Schedule C: Taxes and licenses7600 · Taxes:7620 · Property Expense 7620 Schedule C: Taxes and licenses7600 · Taxes:7630 · State Expense 7630 Schedule C: Taxes and licenses7700 · Tools and Misc. Equipment Expense 7700 Schedule C: Other business expenses7750 · Utilities Expense 7750 Schedule C: Utilities7750 · Utilities:7751 · Gas and Electric Expense 7751 Schedule C: Utilities7750 · Utilities:7752 · Water Expense 7752 Schedule C: Utilities7750 · Utilities:7753 · Telephone Expense 7753 Schedule C: Office expenses7750 · Utilities:7754 · Internet Provier Expense 7754 Schedule C: Office expensesMisc Income Other Income <Unassigned>8000 · Interest Income Other Income 8000 Schedule C: Other business income9000 · Other Expenses Other Expense 9000 Schedule C: Other business expensesPurchase Orders Non-Posting <Unassigned>5 · Sales Orders Non-Posting 5 <Unassigned>


PROJECT 2 STATEMENT OF CASH FLOWS


Documents

CHAPTER 2 QUICK CHECK · 2.!4 Exploring QuickBooks with Rock Castle Construction Computer Accounting with QuickBooks 2015 by Donna Kay ©McGraw-Hill Education, 2016 Chapter 2 Customizing