accounting

posted by .

Enter transactions:
1. owner contributes $6,00 cash
2. $2,000 in revenue on account
3. $1,500 cash from debtors
4. Rent expense cash $400
5. $300 in cash for salaries
invested $2,500 in a certificate of deposit(terms - 12 months, rate of interest - 8%)
Adjusted enteries at end of accounting period
7. Accrued salary expense $1,200
8. Accrued intest revenue on the CD
Required:
a. enter the preceeding data in peachtree and an online applications (Quickbooks Simple start free edition)After making enteries record effect of each event on the accounting equation for the accounting period.
b. Prepare income statement of changes in equity, the baance sheet and the statement of cash flow for the physical year.
What are the diffeerences found between Peachtree and Quickbooks. Discuss data entry, compare the reports the reports produced and indicate your preferance.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. accounting help

    How to prepare this entries Preparing and posting journal entries; preparing a trial balance Shelton Engineering completed the following transactions in the month of June. a. Shania Shelton, the owner, invested $105,000 cash, office …
  2. accounting

    Tracy Migre, a certified public accounting, has completed the following transactions. Ms.Migres assests , liabilites, and owner equity account titles and balances are shown in the table below. use the table on the page to show the …
  3. Principles of Accounting

    E2-2 Selected transactions for D. Reyes, Inc., an interior decorating firm, in its first month of business, are as follows. Jan. 2 Invested $10,000 cash in the business in exchange for common stock. 3 Purchased used car for $4,000 …
  4. College Accounting

    P2-1A Frontier Park was started on April 1 by C. J. Mendez and associates. The following selected events and transactions occurred during April. Apr. 1 Stockholders invested $40,000 cash in the business in exchange for common stock. …
  5. College Accounting

    P2-1A Frontier Park was started on April 1 by C. J. Mendez and associates. The following selected events and transactions occurred during April. Apr. 1 Stockholders invested $40,000 cash in the business in exchange for common stock. …
  6. Accounting

    Could someone please look this over and tell me if I have this correct?
  7. Accounting

    Could someone please look this over and tell me if I have this correct?
  8. Accounting

    At the beginning of April, Owl Corporation has a balance of $12,000 in the Retained Earnings account. During the month of April, Owl had the following external transactions. 1. Issue common stock for cash, $10,000. 2. Provide services …
  9. Basic Accounting

    Pay $3000 toward lease agreement for office. The agreement is for 1year. The rent is 1,500 per month, last months rent was required at time of lease agreement. Lease period is effective July 1st 2014 through jun 30th 2015. I think …
  10. Basic Accounting

    Pay $3000 toward lease agreement for office. The agreement is for 1year. The rent is 1,500 per month, last months rent was required at time of lease agreement. Lease period is effective July 1st 2014 through jun 30th 2015. I think …

More Similar Questions