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Simply Accounting
C11 Adrienne
 
 

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C11 Adrienne

Ch 11 Inventory  --  Adrienne Aesthetics

This chapter covers Inventory.  

 

When the program opens Lime Light Laundry’s data file, make sure the date is in month/day/year format (February 1, 2006).

 

The Source Documents start on page 404; the instructions start on 411. 

 

After the last entry on February 7 (page 407), write, “CHECK KEY!”

 

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

 

Change the company name so it starts with your initials.  

     - Setup / System Settings / Company Information / Name

 

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

 

Chapter Work & Evaluation

Add your first name to the beginning of the description for the first entry.

 

A key is provided for the chapter work (pages 404 to 407).  To help you learn:

 

1.       do the entry,

2.       then check the key,

3.       then post it! 

 

When you finish the last entry on February 7, print the reports requested below.

 

·         General Ledger:  Reports/Financials/General Ledger/Select All, February 1 to February 7.

·         "All" Journal:  Reports/Journals/ February 1 to February 7, show corrections.

 

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

 

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

 

 

When you finish the last entry on February 14, print the reports requested below.

1.       Trial Balance:  Reports/Financials/Trial Balance, February 14.

2.       General Ledger:  Reports/Financials/General Ledger/Select All, February 1 to February 14.

3.       "All" Journal:  Reports/Journals/February 1 to February 14.  (no corrections, no additional information)

4.       Inventory Services:  Inventory/(by Asset & Item Quantity & Stocking Units) All

·

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