OA 2430
Simply Accounting
C6 Air Care
 
 

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C6 Air Care

Ch 6. G.J. and A/R Chapter
AIR CARE SERVICES

 

This chapter introduces Simply's Accounts Receivable module.  

 

When the program opens Air Care’s data file, make sure the date is in month/day/year format (April 30, 2008).

 

The Source Documents start on page 160; the instructions start on 164. 

 

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

 

After the last entry on May 22 (page 163), write “CHECK KEY HERE!”

 

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 description for all entries.

 

Chapter Work

A key is provided for the chapter work (pages 160 to 163). 

To help you learn:

1.      do the entry,

2.      then check the key,

3.      then post it! 

 

When you finish the last entry on May 22, print the reports requested below.

1.   General Ledger:  Reports/Financials/General Ledger/Select All, May 1 to May 22.

2.   "All" Journal:  Reports/Journals/ May 1 to May 22.

 

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

Please--do not hand in this report.

Hints:

·    Page 161, Bank Credit Memo #21432, use the General Journal.

·    Page 162, A-718, from now on, when a customer goes over their credit limit, let them.

·    Page 162, Bank Debit Memo #37191, you need to display paid invoices.  (yellow scroll at top of Receipts Journal)

·    Page 163, check key after last May 22nd entry.

·    Page 163, Cash Receipt #30, certified cheques, money orders, etc. are all treated as cheques.

·    Page 164, Memo #4
Air Conditioning Parts Used            600                 Increase Expense
            Air Conditioning Parts                      600     Decrease Asset
etc.

·    Page 164, Bank Debit Memo #56159, “Loan Principal Repayment” refers to “Bank Loan (Payable)”.  Debit Cash--they just take the money out of your account!


Evaluation:

Complete the chapter’s entries, which end on page 160 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