Victoria Linton ACCT 301 Dr.

Hammer April 25, 2012

Computer Accounting with QuickBooks 2011 by Donna Kay

Project 10 Checklist
Adjusted Trial Balance* Profit & Loss* Balance Sheet* Statement of Cash Flows* Customer Balance Detail* Vendor Balance Detail* Project 10 Chart of Accounts* Customer List* Vendor List* Item List* Trial Balance* Adjusting Entries* Sheetname PR 10.4 COA PR 10.6 Customer List PR 10.8 Vendor List PR 10.11 Item List PR 10.14 TB PR 10.16 Adj Entries PR 10.17 Adj TB PR 10.18 PL PR 10.19 BS PR 10.20 SCF PR 10.21 Cust Bal Detail PR 10.22 Vend Bal Detail

GA
* * * * * * * * * * * *

7:46 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

Account Listing
January 1, 2016
Account Type Bank Other Current Asset Other Current Asset Fixed Asset Fixed Asset Fixed Asset Fixed Asset Fixed Asset Other Asset Other Current Liability Other Current Liability Equity Equity Equity Equity Income Income Cost of Goods Sold Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Other Expense Balance Total 10,000.00 0.00 250.00 4,000.00 4,000.00 0.00 0.00 0.00 0.00 0.00 2,500.00 11,750.00 0.00 0.00

10100 Victoria Linton Checking 12100 Inventory Asset 12500 Office Supplies on Hand 14000 Store Fixtures 14000 Store Fixtures:14100 Store Fixtures Cost 14000 Store Fixtures:14200 Acc Depr-Store Fixtures 15000 Furniture and Equipment 17000 Accumulated Depreciation 18700 Security Deposits Asset 25500 Sales Tax Payable 26000 Notes Payable 30000 Opening Balance Equity 30100 Capital Stock 31400 Shareholder Distributions 32000 Retained Earnings 46000 Merchandise Sales 48300 Sales Discounts 51800 Merchant Account Fees 60000 Advertising and Promotion 60200 Automobile Expense 60400 Bank Service Charges 61700 Computer and Internet Expenses 62400 Depreciation Expense 63300 Insurance Expense 63400 Interest Expense 63500 Janitorial Expense 64300 Meals and Entertainment 64800 Office Supplies Expense 64900 Office Supplies 66700 Professional Fees 67100 Rent Expense 67200 Repairs and Maintenance 68100 Telephone Expense 68500 Uniforms 68600 Utilities 80000 Ask My Accountant

Page 3 of 28

7:46 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

Account Listing
January 1, 2016
Description Accnt. # 10100 <Unassigned> B/S-Assets: Other current assets B/S-Assets: Other current assets B/S-Assets: Buildings/oth. depr. assets B/S-Assets: Buildings/oth. depr. assets B/S-Assets: Buildings/oth. depr. assets B/S-Assets: Buildings/oth. depr. assets B/S-Assets: Buildings/oth. depr. assets Tax Line

Costs of inventory purchased for resale Office Supplies on Hand Store Fixtures Store Fixtures Cost Acc Depr-Store Fixtures

12100 12500 14000 14100 14200

Furniture and equipment with useful life exceeding one year 15000 Accumulated depreciation on equipment, buildings and improvements 17000

Deposits and other returnable funds held by other entities (Rent, 18700Utilities, etc.) B/S-Assets: Other assets Unpaid sales taxes. Amounts charged on sales, but not yet25500 paid to the government B/S-Liabs/Eq.: Other current liabilities Notes Payable Value of corporate stock Distributions paid to shareholders Undistributed earnings of the business Sales of merchandise Discounts given to customers 26000 30100 31400 32000 46000 48300 B/S-Liabs/Eq.: Other current liabilities <Unassigned> <Unassigned> <Unassigned> Income: Gross receipts or sales Income: Gross receipts or sales Opening balances during setup post to this account. The balance 30000 of this account <Unassigned> should be zero after completing your setup

Credit card merchant account discount fees, transaction fees, 51800 and related COGS-Schedule costs A: Other costs Advertising, marketing, graphic design, and other promotional 60000 expenses Deductions: Advertising Fuel, oil, repairs, and other automobile maintenance for business 60200 autos Bank account service fees, bad check charges and other bank 60400 fees Depreciation on equipment, buildings and improvements 62400 Insurance expenses Janitorial expenses and cleaning supplies Office Supplies Expense Office supplies expense 63300 63500 64800 64900 Other Deductions: Other deductions Other Deductions: Other deductions <Unassigned> Other Deductions: Other deductions Other Deductions: Other deductions Other Deductions: Supplies Other Deductions: Other deductions Deductions: Rents

Computer supplies, off-the-shelf software, online fees, and 61700 other computer Other or internet Deductions: relatedOther expenses deductions

Interest payments on business loans, credit card balances,63400 or other business Deductions: debt Interest expense Business meals and entertainment expenses, including travel-related 64300 meals Deductions: (may have Meals limited and deductibility) entertainment (subj to 50% l

Payments to accounting professionals and attorneys for accounting 66700 or legal Other services Deductions: Other deductions Rent paid for company offices or other structures used in the 67100 business Incidental repairs and maintenance of business assets that67200 do not add to the Deductions: value or appreciably Repairs andprolong maintenance its life Telephone and long distance charges, faxing, and other fees 68100 Not equipment Other purchases Deductions: Other deductions Uniforms for employees and contractors 68500 Other Deductions: Other deductions Other Deductions: Other deductions Water, electricity, garbage, and other basic utilities expenses 68600

Transactions to be discussed with accountant, consultant, or 80000 tax preparer <Unassigned>

Page 4 of 28

7:52 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

Customer & Job List

April 30, 2012
Customer Etzkin Reality Holcomb Health Foods Thea Hudson Balance 0.00 0.00 0.00 Balance Total Company Mr./Ms./... First Name Brian Ann Thea M.I.

Active Status Active Active Active

0.00 Etzkin Reality 0.00 Holcomb Health Foods 0.00 Thea Hudson

Page 5 of 28

7:52 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

Customer & Job List

April 30, 2012
Contact Brian Etzkin Ann Holcomb Thea Hudson Phone 415-555-5521 415-555-6213 415-555-5253 Fax Alt. Phone Alt. Contact Email Bill to 1 98 Cleveland St 15 Stanford Dr 12 Castle Dr Bill to 2 Bayshore, CA 94326 Bayshore, CA 94326 Bayshore, CA 94326

Last Name Etzkin Holcomb Hudson

Page 6 of 28

7:52 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

Customer & Job List

April 30, 2012
Ship to 1 Ship to 2 Ship to 3 Ship to 4 Ship to 5 Customer Type Commercial Commercial Residential Terms Net 15 Net 15 Net 15 Rep

Bill to 3 Bill to 4 Bill to 5

Page 7 of 28

7:52 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

Customer & Job List

April 30, 2012
Tax item State Tax State Tax State Tax Resale Num Account No. 1003 1002 1001 Credit Limit Job Status Job Type Job Description

Sales Tax Code Non Non Tax

Page 8 of 28

7:52 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

Customer & Job List

April 30, 2012
Projected End End Date Note

Start Date

Page 9 of 28

7:56 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

Vendor List
April 30, 2012
Vendor Jackson Computer Services Lehde Cell Phone Supplies Pitts Leasing Balance 0.00 0.00 0.00 Balance Total Company Mr./Ms./...

Active Status Active Active Active

0.00 Jackson Computer Services 0.00 Lehde Cell Phone Supplies 0.00 Pitts Leasing

Page 10 of 28

7:56 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

Vendor List
April 30, 2012
M.I. Last Name Bill from 1 723 Normal Ave 45 Tiffany Lane 18 Jane Lane Bill from 2 Bayshore, CA 94326 Bayshore, CA 94326 Bayshore, CA 94326 Bill from 3 Bill from 4 Bill from 5 Ship from 1

First Name Keith Eric Meredith

Page 11 of 28

7:56 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

Vendor List
April 30, 2012
Ship from 3 Ship from 4 Ship from 5 Contact Keith Eric Phone 415-555-6312 415-555-4445 Fax Alt. Phone Alt. Contact Email

Ship from 2

Meredith 415-555-9498

Page 12 of 28

8:00 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

April 30, 2012

Active Status Active Active Active Active Active Active Active Active

Type Inventory Part Inventory Part Inventory Part Non-inventory Part Non-inventory Part Sales Tax Item Sales Tax Item Sales Tax Item

Item Bluetooth Earpiece Cell Phone Case Portable Speakers Consignment Item Non-inventory Item Local Tax Out of State State Tax

Description

Sales Tax Code Tax Tax Tax

Consigned Non-Inventory Part Item Description Non-inventory part item description Local Sales Tax Out-of-state sale, exempt from sales tax State Sales Tax

Tax Tax

Page 13 of 28

8:00 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

April 30, 2012
Account COGS Account 50000 Cost of Goods Sold 50000 Cost of Goods Sold 50000 Cost of Goods Sold Asset Account 12100 Inventory Asset 12100 Inventory Asset 12100 Inventory Asset Accumulated Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00

46000 Merchandise Sales 46000 Merchandise Sales 46000 Merchandise Sales 46000 Merchandise Sales 46000 Merchandise Sales 25500 Sales Tax Payable 25500 Sales Tax Payable 25500 Sales Tax Payable

Page 14 of 28

8:00 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

April 30, 2012
Purchase Description Quantity On Hand 0.00 0.00 0.00 Cost 5.00 2.00 9.00 0.00 0.00 0.00 0.00 0.00 0.00 Preferred Vendor

Consigned Non-Inventory Part Item Description Non-inventory part item description

Page 15 of 28

8:00 PM 04/30/12

Victoria Linton Project 10 Xavier Enterprises

April 30, 2012
Tax Agency Price 15.00 10.00 20.00 0.00 0.00 Reorder Point MPN

California State Board of Equalization California State Board of Equalization

7.75% 0.0% 7.75% 0.00

Page 16 of 28

12:10 AM 05/01/12 Accrual Basis

Victoria Linton Project 10 Xavier Enterprises

Trial Balance
As of January 31, 2016
Jan 31, 16 Debit Credit

10100 Victoria Linton Checking 11000 Accounts Receivable 12000 Undeposited Funds 12100 Inventory Asset 12500 Office Supplies on Hand 14000 Store Fixtures:14100 Store Fixtures Cost 20000 Accounts Payable 25500 Sales Tax Payable 26000 Notes Payable 30000 Opening Balance Equity 30100 Capital Stock 46000 Merchandise Sales 50000 Cost of Goods Sold 64800 Office Supplies Expense 67100 Rent Expense TOTAL

5,750.00 2,130.00 0.00 1,192.00 4,367.63 4,000.00 500.00 42.63 2,500.00 0.00 11,750.00 6,130.00 4,092.00 75.00 1,700.00 22,114.63 22,114.63

Page 17 of 28

12:17 AM 05/01/12 Accrual Basis

Victoria Linton Project 10 Xavier Enterprises

Adjusting Journal Entries

January 31, 2016
Num ADJ 1 Name Memo Account 64800 Office Supplies Expense 12500 Office Supplies on Hand 25.00 Debit 25.00 25.00 25.00 Credit

Date 01/31/2016

01/31/2016

ADJ 2

62400 Depreciation Expense 17000 Accumulated Depreciation

50.00 50.00 50.00 50.00

01/31/2016

ADJ 3

63400 Interest Expense 21000 Interest Payable

22.00 22.00 22.00 22.00 97.00

TOTAL

97.00

Page 18 of 28

12:18 AM 05/01/12 Accrual Basis

Victoria Linton Project 10 Xavier Enterprises

Adjusted Trial Balance

January 31, 2016
Unadjusted Balance Debit Credit Adjustments Debit Credit Adjusted Balance Debit 5,750.00 2,130.00 0.00 1,192.00 4,367.63 4,000.00 50.00 500.00 22.00 42.63 2,500.00 0.00 11,750.00 6,130.00 4,092.00 50.00 22.00 75.00 1,700.00 22,114.63 22,114.63 97.00 97.00 25.00 4,092.00 50.00 22.00 100.00 1,700.00 22,186.63 0.00 25.00 4,342.63 4,000.00

10100 Victoria Linton Checking 11000 Accounts Receivable 12000 Undeposited Funds 12100 Inventory Asset 12500 Office Supplies on Hand 14000 Store Fixtures:14100 Store Fixtures Cost 17000 Accumulated Depreciation 20000 Accounts Payable 21000 Interest Payable 25500 Sales Tax Payable 26000 Notes Payable 30000 Opening Balance Equity 30100 Capital Stock 46000 Merchandise Sales 50000 Cost of Goods Sold 62400 Depreciation Expense 63400 Interest Expense 64800 Office Supplies Expense 67100 Rent Expense TOTAL

5,750.00 2,130.00 0.00

Page 19 of 28

12:18 AM 05/01/12 Accrual Basis

Victoria Linton Project 10 Xavier Enterprises

Adjusted Trial Balance

January 31, 2016
Adjusted Balance Unadjusted Balance Credit

10100 Victoria Linton Checking 11000 Accounts Receivable 12000 Undeposited Funds 12100 Inventory Asset 12500 Office Supplies on Hand 14000 Store Fixtures:14100 Store Fixtures Cost 17000 Accumulated Depreciation 20000 Accounts Payable 21000 Interest Payable 25500 Sales Tax Payable 26000 Notes Payable 30000 Opening Balance Equity 30100 Capital Stock 46000 Merchandise Sales 50000 Cost of Goods Sold 62400 Depreciation Expense 63400 Interest Expense 64800 Office Supplies Expense 67100 Rent Expense TOTAL 22,186.63 11,750.00 6,130.00 50.00 500.00 22.00 42.63 2,500.00 1,192.00

Page 20 of 28

12:19 AM 05/01/12 Accrual Basis

Victoria Linton Project 10 Xavier Enterprises

Profit & Loss

January 2016
Jan 16

Ordinary Income/Expense Income 46000 Merchandise Sales Total Income Cost of Goods Sold 50000 Cost of Goods Sold Total COGS Gross Profit Expense 62400 Depreciation Expense 63400 Interest Expense 64800 Office Supplies Expense 67100 Rent Expense Total Expense Net Ordinary Income Net Income 50.00 22.00 100.00 1,700.00 1,872.00 166.00 166.00 4,092.00 4,092.00 2,038.00 6,130.00 6,130.00

Page 21 of 28

12:20 AM 05/01/12 Accrual Basis

Victoria Linton Project 10 Xavier Enterprises

Balance Sheet
As of January 31, 2016
Jan 31, 16

ASSETS Current Assets Checking/Savings 10100 Victoria Linton Checking Total Checking/Savings Accounts Receivable 11000 Accounts Receivable Total Accounts Receivable Other Current Assets 12100 Inventory Asset 12500 Office Supplies on Hand Total Other Current Assets Total Current Assets Fixed Assets 14000 Store Fixtures 14100 Store Fixtures Cost Total 14000 Store Fixtures 17000 Accumulated Depreciation Total Fixed Assets TOTAL ASSETS 4,000.00 4,000.00 -50.00 3,950.00 14,980.63 -1,192.00 4,342.63 3,150.63 11,030.63 2,130.00 2,130.00 5,750.00 5,750.00

LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 20000 Accounts Payable Total Accounts Payable Other Current Liabilities 21000 Interest Payable 25500 Sales Tax Payable 26000 Notes Payable Total Other Current Liabilities Total Current Liabilities Total Liabilities Equity 30100 Capital Stock Net Income 11,750.00 166.00 22.00 42.63 2,500.00 2,564.63 3,064.63 3,064.63 500.00 500.00

Page 22 of 28

12:20 AM 05/01/12 Accrual Basis

Victoria Linton Project 10 Xavier Enterprises

Balance Sheet
As of January 31, 2016
Jan 31, 16

Total Equity TOTAL LIABILITIES & EQUITY

11,916.00 14,980.63

Page 23 of 28

12:21 AM 05/01/12

Victoria Linton Project 10 Xavier Enterprises

Statement of Cash Flows

January 2016
Jan 16 OPERATING ACTIVITIES Net Income Adjustments to reconcile Net Income to net cash provided by operations: 11000 Accounts Receivable 12100 Inventory Asset 12500 Office Supplies on Hand 20000 Accounts Payable 21000 Interest Payable 25500 Sales Tax Payable 26000 Notes Payable Net cash provided by Operating Activities INVESTING ACTIVITIES 14000 Store Fixtures:14100 Store Fixtures Cost 17000 Accumulated Depreciation Net cash provided by Investing Activities FINANCING ACTIVITIES 30100 Capital Stock Net cash provided by Financing Activities 11,750.00 11,750.00 5,750.00 5,750.00 -4,000.00 50.00 -3,950.00 -2,130.00 1,192.00 -4,342.63 500.00 22.00 42.63 2,500.00 -2,050.00 166.00

Net cash increase for period Cash at end of period

Page 24 of 28

12:22 AM 05/01/12

Victoria Linton Project 10 Xavier Enterprises

Customer Balance Detail

As of January 31, 2016
Type Date Num Account Amount

Etzkin Reality Invoice Payment Invoice Total Etzkin Reality Holcomb Health Foods Invoice Payment Invoice Total Holcomb Health Foods Thea Hudson Invoice Payment Total Thea Hudson TOTAL 01/11/2016 01/26/2016 3 321 11000 Accounts Receivable 11000 Accounts Receivable 592.63 -592.63 0.00 2,130.00 01/08/2016 01/22/2016 01/29/2016 2 787 5 11000 Accounts Receivable 11000 Accounts Receivable 11000 Accounts Receivable 2,200.00 -2,200.00 1,180.00 1,180.00 01/05/2016 01/20/2016 01/24/2016 1 906 4 11000 Accounts Receivable 11000 Accounts Receivable 11000 Accounts Receivable 1,250.00 -1,250.00 950.00 950.00

Page 25 of 28

12:22 AM 05/01/12

Victoria Linton Project 10 Xavier Enterprises

Customer Balance Detail

As of January 31, 2016
Balance

Etzkin Reality

0.00 1,250.00 0.00 950.00

Total Etzkin Reality Holcomb Health Foods

950.00 0.00 2,200.00 0.00 1,180.00

Total Holcomb Health Foods Thea Hudson

1,180.00 0.00 592.63 0.00

Total Thea Hudson TOTAL

0.00 2,130.00

Page 26 of 28

12:22 AM 05/01/12

Victoria Linton Project 10 Xavier Enterprises

Vendor Balance Detail

As of January 31, 2016
Type Date Num Account

Jackson Computer Services Bill Bill Pmt -Check Total Jackson Computer Services Lehde Cell Phone Supplies Bill Item Receipt Bill Pmt -Check Total Lehde Cell Phone Supplies TOTAL 01/06/2016 01/27/2016 01/29/2016 20000 Accounts Payable 20000 Accounts Payable 20000 Accounts Payable 01/15/2016 01/15/2016 20000 Accounts Payable 20000 Accounts Payable

Page 27 of 28

12:22 AM 05/01/12

Victoria Linton Project 10 Xavier Enterprises

Vendor Balance Detail

As of January 31, 2016
Amount Balance 0.00 75.00 -75.00 75.00 0.00 0.00 0.00 2,400.00 500.00 -2,400.00 2,400.00 2,900.00 500.00 500.00 500.00

Jackson Computer Services

Total Jackson Computer Services Lehde Cell Phone Supplies

0.00

Total Lehde Cell Phone Supplies TOTAL

500.00 500.00

Page 28 of 28