Business: Fluffy Kitty supplier and more Part B: (5 Points) Configure and set up a chart of accounts: - Create accounts for the Balance sheet according to your business. For example, Equity, current assets, Fixed assets, and Depreciation. Create Accounts of income statements according to your business. For example, Sales, cost of goods, Expenses. In addition to an account with at least 2 sub-accounts. Set up new customers and vendors list (Minimum 3 customers and 3 vendors). Add open Balance for at least one customer and one vender. Part D: (5 points) Create transactions: Create products and service list. Create Estimate invoice customer (Minimum 7 Estimate invoices). Create an invoice for the customer ( Minimum 7 invoices). Create sale receipts (minimum 7 sale receipts) Create Bills for vendors ( minimum 7 Bills). - Receive payment from customers at least 7 customers. Included in the report: Company description, company Business overview (screenshot), Chart of Accounts, Balance sheet, and income statement reports. List of vendors and list of customers and one of your invoices.

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter3: Processing Accounting Information
Section: Chapter Questions
Problem 3.1KTQ: Read each definition below and write the number of the definition in the blank beside the...
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Business: Fluffy Kitty supplier and more Part B: (5 Points) Configure and set up a chart of accounts: -
Create accounts for the Balance sheet according to your business. For example, Equity, current assets,
Fixed assets, and Depreciation. Create Accounts of income statements according to your business. For
example, Sales, cost of goods, Expenses. In addition to an account with at least 2 sub-accounts. Set up
new customers and vendors list (Minimum 3 customers and 3 vendors). Add open Balance for at least
one customer and one vender. Part D: (5 points) Create transactions: Create products and service list.
Create Estimate invoice customer (Minimum 7 Estimate invoices). Create an invoice for the customer (
Minimum 7 invoices). Create sale receipts (minimum 7 sale receipts) Create Bills for vendors (
minimum 7 Bills). - Receive payment from customers at least 7 customers. Included in the report:
Company description, company Business overview (screenshot), Chart of Accounts, Balance sheet, and
income statement reports. List of vendors and list of customers and one of your invoices.
Transcribed Image Text:Business: Fluffy Kitty supplier and more Part B: (5 Points) Configure and set up a chart of accounts: - Create accounts for the Balance sheet according to your business. For example, Equity, current assets, Fixed assets, and Depreciation. Create Accounts of income statements according to your business. For example, Sales, cost of goods, Expenses. In addition to an account with at least 2 sub-accounts. Set up new customers and vendors list (Minimum 3 customers and 3 vendors). Add open Balance for at least one customer and one vender. Part D: (5 points) Create transactions: Create products and service list. Create Estimate invoice customer (Minimum 7 Estimate invoices). Create an invoice for the customer ( Minimum 7 invoices). Create sale receipts (minimum 7 sale receipts) Create Bills for vendors ( minimum 7 Bills). - Receive payment from customers at least 7 customers. Included in the report: Company description, company Business overview (screenshot), Chart of Accounts, Balance sheet, and income statement reports. List of vendors and list of customers and one of your invoices.
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