OA 2430
Simply Accounting
C7 Andersson
 
 

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C7 Andersson

Ch 7. Advanced A/P and A/R
Andersson Chiropractic Clinic

 

This chapter covers advanced techniques in Accounts Receivable and Accounts Payable.  

 

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

 

The Source Documents start on page 202; the instructions start on 209. 

 

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

 

After the last entry on November 21 (page 208), 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 first entry as part of the cheque number.

 

Chapter Work

A key is provided for the chapter work (pages 202 to 208). 

To help you learn:

1.      do the entry,

2.      then check the key,

3.      then post it! 

 


NOTES:  

Please, be sure to take the lecture before doing these transactions!

  • Memo #4, page 209:
         Depreciation Expenses         ####
                   Acc Depn Computers                230
                   Acc Depn Equipment                 420
                   etc.
     

  • Memo #5, page 209:
         Office Supplies Used           105
                    Office Supplies                          105
    etc.
     

  • Memo #7, page 209:
    Find the balance in the account, and clear it out.
     

 

 

When you finish the last entry on November 21, print the reports requested below.

  1. General Ledger:  Reports/Financials/General Ledger/Select All, October 1 to November 21 with corrections.

  2. "All" Journal:  Reports/Journals/ October 1 to November 21 with corrections.

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

Please--do not hand in this report; take it to Evans or Grace.

 Evaluation:

Complete the chapter’s entries, which end on page 209 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