OA 2430
Simply Accounting
C3 Missioni
 
 

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C3 Missioni

Ch 3. G.J. Chapter
Missoni Marbleworks

 

This chapter introduces Simply's General Ledger and General Journal.  

 

  • Right now, after the last entry on page 65, write “CHECK KEY HERE"!
     

  • ”When the program opens Missoni’s data file, make sure the date is in month/day/year format (April 1, 2008).

     

  • Change the company name so it starts with your name.  

         - Setup / System Settings / Company Information / Name

     

  • Also, add your initials to the beginning of the descriptions. 
     

  • The Source Documents start on page 32, but the instructions start on page 34.
     

  • Make sure you use the instructions as you do the entries!
     

  • To help you learn: do the entry, then check the key, and then post it! 
     

    Notes:

    • Page 33, the bank just takes the money right out of your account

    • When you have completed page 34's entries go ahead and continue with the "realistic" entries starting on page 64.

    • When you finish page 65, have Evans or Grace compare your work to the supplied key.  See printing comment in box below

    • After checking your work, complete the rest of the entries.

    • Page 66, Wages Expense

    • Page 69, include cheque number in comment

    • Page 70, Bank Debit Memo, goes against Cash account

  • When you finish the last entry on page 65, print the reports requested below.

    1. General Ledger:  Reports/Financials/General Ledger/Select All, full range of dates.

    2. "All" Journal:  Reports/Journals/full range of dates, show corrections.

    Then see Evans or Grace to help you check your work.


Evaluation:

Complete the transactions, which end on page 71 of the text. 

Hand in the following, stapled into one package:

  1. General Ledger, all accounts (double check), show corrections, for the full time span (at top of package)
     
  2. "All" Journal, for the full time span, show corrections, (at bottom of package)

  • This chapter is worth approximately 4% of OA2430

  • -10% if all the posted accounts are not in the ledger

  • -10% each for Journal Entry Errors

  • -10% for initials not on specified entries--or assignment nor accepted

  • -10% each for wrong report, additional report, or report submitted out-of-order

  • -10% for not handing in work stapled in the correct order
     

  • Assignments due on last scheduled day of chapter

  • Late assignments accepted if in Evans' hands before marking is completed

  • Trays in the classroom are used to return work, not hand work in