Quickbooks final exam answers

Final Exam Computerized Accounting with QuickBooks B1068O Student First Name: Student Last Name: Student ID Number: Instructor Name: Date: Instructions: 1. Read instructions carefully. 2. Attempt all questions. 3. Total time allowed is 4 hours. RESULTS: Part 1: Practical Portion Score for Part 1 .................................................... _____/100 Marks for Final Course Grade ........................... _____/30 Part 2: Theory Portion Multiple Choice, True/False & Matching .............. _____/40 Marks for Final Course Grade ........................... _____/20 TOTAL Exam Marks for Final Course Grade . _____/50 Final Exam – Page 1 of 11 Computerized Accounting with QuickBooks (B1068O) Practical Portion - Part 1 (Maximum 100 marks; weighted at 30% of final course grade) 1. Using the Malin’s Makeovers QuickBooks data file (Malin.qbw or Malin), record entries for the source documents for February. If you have completed the source documents using this company in the text or the Additional Transactions exercise, please recopy the data file from the student data on the DVD before starting, or ask your instructor for fresh copy. SD1: Bill Dated February 1, 2019 Bill #OO-520 received from Office Outfitters, $520.00 plus $67.60 HST for paper, printer cartridges and other office supplies. The bill totals $587.60. Terms Net 20 days. SD2: Customer Payment Dated February 2, 2019 From AIM International, cheque #454 for $588.50 in payment of account. Reference Invoice #3084. Cheque held for deposit. SD3: Customer Payment Dated February 3, 2019 From Jammers, cheque #793 for $609.90 in payment of account. Reference Invoice #3092. Cheque held for deposit SD4: Bill Dated February 3, 2019 Bill #KC-701 received from Keep It Clean, $150.00 plus $19.50 HST for weekly cleaning of salon. The bill totals $169.50. Terms Net 15 days. Memorize the transaction with weekly reminders starting February 10. SD5: Pay Bill Dated February 4, 2019 To Keep It Clean, $321.00 in payment of account. Reference Bills #KC-662 and KC-688. Cheque #245. SD6: Invoice Dated February 4, 2019 Invoice #3119 to Reality Unlimited (Use Set up for the new customer) for contestants on their new dating show 10 Clothing style consultations 10 Makeovers 10 Reports HST 13% Invoice Total Terms: Net 15 days Reality Unlimited 783-C Burbank Drive Ottawa ON K6T 1P4 Contact: Guy Smiley Phone: (613) 753-2873 Fax: (613) 753-4834 © 2018 $190.00 each 390.00 each 90.00 each $1,900.00 3,900.00 900.00 871.00 $7,571.00 Email: hostguy@realityu.ca Tax Code: HST Terms Net 15 Credit Limit: $10,000 Pay by: Cheque January 8, 2018 Computerized Accounting with QuickBooks (B1068O) Final Exam – Page 1 of 11 SD7: Pay Bill Dated February 4, 2019 To Faces Inc., $805.00 in payment of account.