- #QUICKBOOKS PRO 2008 REVIEW MANUAL#
- #QUICKBOOKS PRO 2008 REVIEW PRO#
- #QUICKBOOKS PRO 2008 REVIEW TRIAL#
b) Double click the last item called 6000 Dress, Style Review information in the next illustration and the explanation that follows. a) Click Lists on the main menu and select Item List. You will be asked to change inventory sales prices in the workshop so let us look at maintaining inventory items. QuickBooks Inventory module tracks inventory items, including item number, description, sales price, purchase cost, and on hand quantities. Print this report so you can compare it to a report you will print at the end of the workshop.
#QUICKBOOKS PRO 2008 REVIEW PRO#
Enter the date range of 2/28/.Ĥ QuickBooks Pro Workshop 6 The Corner Dress Shop This report provides information on the 6 items of inventory sold by the company, including the beginning quantity on hand, average cost, and total value of inventory. Click Reports on the main menu and point to Inventory to select Inventory Valuation Detail.
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You should review company inventory information before posting transactions. Printing an Inventory Valuation Report 3. Add your name or initials to the end of the company name and click OK to store the changes. Click Company on the main menu and select Company Information. Begin by opening QuickBooks Pro and then open the data file named The Corner Dress Shop. You are now ready to begin the tasks of this workshop. FUTA rate is 0.8 percent of the first $7,000 in gross wages paid to each employee per year. SUTA rate is 4.8 percent of the first $7,000 in gross wages paid to each employee per year. FIT rate a) Refer to the tax table for this problem that is illustrated in the text. b) Medicare rate is 1.45 percent of annual gross wages. FICA tax rates a) OASDI rate is 6.2 percent on first $102,000 of gross wages per year.
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March Mel Case $3,325 Jane Holl 4,120 Jackie Moore 4,760 We used the following tax rates to calculate employee tax withholdings and employer payroll taxes. Paychecks are printed out of the cash account. Accounts Receivable Beginning Balance Bing Company $2,200 Accounts Payable Beginning Balance Blew Company $1,900ģ QuickBooks Pro Workshop 6 The Corner Dress Shop The business employs three people who are paid once per month at the end of the month.
#QUICKBOOKS PRO 2008 REVIEW TRIAL#
The Corner Dress Shop is owned by Betty Loeb and is located at 1 Milgate Road, Marblehead, Massachusetts, What follows is the trial balance for February 29.Ģ QuickBooks Pro Workshop 6 The Corner Dress Shop In addition, the company had the following beginning balances in accounts receivable and accounts payable. It will be your task to complete the accounting cycle for March. You are the bookkeeper for The Corner Dress Shop so we have gathered the following information for you. Refer to the Installing QuickBooks Pro and Student Data Files document for instructions on downloading this file. You will need to download The Corner Dress Shop data file for QuickBooks from the MyAccountingLab website before beginning this workshop.
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The QuickBooks skills used in this workshop were learned in previous workshops so be sure to complete Workshops 1 through 5 before beginning this one.
#QUICKBOOKS PRO 2008 REVIEW MANUAL#
The tasks in this workshop correspond to the manual mini practice set for The Corner Dress Shop appearing at the end of Chapter 12.
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1 QUICKBOOKS PRO WORKSHOP 6 THE CORNER DRESS SHOP Mini Practice Set Reviewing the Accounting Cycle for a Merchandise Company This workshop will help you review the key concepts of a merchandise company by asking you to complete customer, vendor, payroll and general ledger activities in QuickBooks.