Heintz/Parry College Accounting 18e QuickBooks Workbook Errata Sheet

Chapter 2:Page 4 : Date changed to from September 23 to September 29

: The instructions for the 3rd bullet in step 2 begin should read “When the Restore To window appears, …

Page 9: In the entry for 7/7, next month has been changed to August 7.Page 10: Remove Trial Balance from Mastery Problem Step 4Chapter 3Page 11: In entry for 12/17 June 2nd should be December 2nd.

: In entry for 12/30, it should read “Pints issued a check to herself as a withdrawal to pay her personal expenses, $2000

Chapter 6Page 31: Worksheet missing. Posted with errata sheet at http://heintz.swlearning.com. Added as page 31a in subsequent printings.Chapter 7Page 45: Screenshots below have been replaced: Figure 3.5

Figure 3.6

Heintz/Parry College Accounting 18e QuickBooks Workbook Errata Sheet

Page 46: The following detail should be added.STEP 4: From the Banking menu, choose the Reconcile option and reconcile the bank

statement.

Make certain you are reconciling the Cash Account for the statement date of 03/31/2005

Key the Bank Statement Balance into the Ending Balance field.

Key the service charge with the date of 03/31/05 and choose the Miscellaneous Expense account.

You should change the Interest earned date to 03/31/2005. The completed Begin Reconciliation Window is shown below in Figure 3.8.

FIGURE 3.8 Reconcile–Cash Window –as completed

Page 47: The instructions for 3.9 should be in the following order and wording

After clicking Continue, the Reconcile Cash window appears. See Figure 3.9 below.

Heintz/Parry College Accounting 18e QuickBooks Workbook Errata Sheet

FIGURE 3.9 Reconcile Cash Window

Key the Bank Statement Balance into the Ending Balance field.

Key the service charge with the date of 03/31/05 and choose the Miscellaneous Expense account.

Click on the Mark All button.

Click on the deposits that are outstanding. When finished all deposits with a check mark have cleared. Those without a check mark are outstanding.

Select the checks that are outstanding. When finished all CLEARED checks should have a check mark. All outstanding checks should not.

Verify that the fields near the bottom of the screen labeled Ending Balance and Cleared Balance are equal.

Click on Reconcile Now. When asked for what type of report to print, select Summary. Key a Statement Closing Date of 03/31/05. Then, click OK.

Chapter 8Page 53: The Note for step 7 of the Demonstration Problem for Chapter 8 should read

Although QuickBooks is capable of calculating federal withholding, social security, and Medicare taxes, it cannot do so unless you are a subscriber to their tax service. If you are not a subscriber, you will need to look up the Federal Withholding in a Wage-Bracket withholding table, which may be available in your text, calculate the Social Security and Medicare taxes, and key them. The 1% city tax is automatically calculated by the computer. The information for John Shapiro is previewed in Figure 3.11.

Chapter 11Page 84: Transaction information for 9/11 should read, “The Harlands offered a sales allowance of $10.00 plus $.60 tax on the price of the cage, which satisfied Warkentin.”

: Transaction for 9/23 should read, “Sold three Labrador Retriever puppies on account to All American Day Camp […]”

Chapter 12Page 92: Transaction table for 7/28

Invoice No. Company Amount Terms

579 Broadway Publishing, Inc $2,350 2/10, n/30 FOB destination

406 North-Eastern Publishing Co. $4,200 2/eom, n/60 FOB destination

964 Riley Publishing Co. $3,450 3/10, n/30 FOB destination

Chapter 13Page 95: Demonstration Problem Step 3 Note should refer to the Number field as the Entry Number Field.Page 98: The sales tax rate is 5%

: Issured should be Issued

Heintz/Parry College Accounting 18e QuickBooks Workbook Errata Sheet

Chapter 14Page 102: Demonstration Problem Step 4 should read, “¨ Key the word “Voucher” and the Voucher Number in the Memo field.”Page 107-108: Mastery problem remove the following from 7/7. “Issued new voucher nos. 4 and 5.”

Chapter 16Page 120: Step 5 and 6 of Demonstration problem should be as follows.

STEP 5: Key the entry for December 31, 2005 to close the drawing account to capital. Key Clo.Ent. as the Entry No. The closing entry in the General Journal Entry window is shown in Figure 3.24.STEP 6: From the Memorized Reports list, display the following reports:Adjusting Entries Journal Report Income Statement Report Balance Sheet Report

Page 129: Mastery problem should have a $21,000 debit for Dominique Fougue, Drawing.

Chapter 21Page 179: Comprehensive problem 3: In the 12/14 entry, lat should be lot.Page 180: On 1/13 entry, the amount should be $3,500

Solutions in Student Version of the QuickBooks Workbook

Heintz/Parry College Accounting 18e QuickBooks Workbook Errata Sheet

Page 170 in Chapters 4-16Page 222 in Chapters 4-29Dates need to be corrected

Heintz/Parry College Accounting 18e QuickBooks Workbook Errata Sheet

Page 211 in Chapters 4-16Page 263 in Chapters 4-29Chapter 16 Demonstration problem, Post-Closing Trial Balance key Account name needs to be changed.

Journal key had to be adjusted for account name from Post-Closing Trial Balance Key.