Chapter 5 - FI Answer Sheet PDF

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Professor McBride...

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BUS 301S Exercise Answer Sheet Financial Accounting All exercises must be completed. When completed, upload to Blackboard. USER NUMBER: __User - 133____ 1. What is the general ledger long text name for account 202_ _ _? Finished Goods Inventory a. 710 _ _ _? Labor Expense b. 770 _ _ _? Information Technology Expense 2. What is the g/l account number for the bank account you created? 102133 3. What is the document number for transfer of funds posting? 100000001 4. What is the document number for the office supplies? 100000002 5. What is the account balance for 102_ _ _ for the first period that has a value? $49,325 6. What is the document number after completing the document header text change? 100000001. Did it change? No. Why or why not? We were only looking to edit the Document Header, and the Document No. was already established. 7. What is the document number for the invoice receipt for rent expense? 1900000000 8. What is the balance for account number 780_ _ _? $1,500.00 9. What is the Vendor ID number for the landlord? 100447 10. What is the document number for the payment to the landlord? 1500000000 11. After completing the final exercise, include a screen print of the Balance Sheet / Profit and Loss Statement.  Expand the following folders: 1) Bank 2) Utilities 3) Advertising, Office Supplies, Outside Service and 4) Accounts not assigned.  You may need to move the header up to see all of the folders or take multiple screen shots.  Include your user number in the screen shot. (Located after the Financial Statement (B_ _ _.)...