In: Accounting
1.A list of all the accounts used by a company showing an identifying number for each account is called:
A balance sheet
A general journal
An Inventory Journal
A chart of accounts
Subsidiary ledgers
2.Bellwether Garden Supply's account number for their Payroll Checking account is:
Account No. 10300
Account No. 10100
Account No. 10400
Account No. 12000
Account No. 10200
3.If an inventory item is damaged make the following selections from the Navigation Bar to record the damage:
Inventory & Services Navigation Center > click on the Track Packages icon
Vendors & Purchases > link to View and Edit Bills
Inventory & Services Navigation Center > click on the Prices icon
Inventory & Services Navigation Center > click on the Inventory Count icon
4.Inventory & Services Navigation Center > click on the Inventory Adjustments icon
If your GL Account columns and A/P Account field are not displayed on the Purchases/Receive Inventory window, you need to:
Reset the defaults in the Accounting Behind the Screens selection
Click on Options; Global and uncheck the three boxes in the Hide General Ledger Accounts section
Check the Tasks windows
Check the maintenance menus
Accounting Behind the Screens cannot be changed
5.On the Navigation Bar, make the following selections to make a general journal entry:
System Navigation Center > link to Restore a backup > click on the General Journal Entry icon
Banking Navigation Center > link to General Journal Entry > select New General Journal Entry
Maintain > select General Journal record
Banking Navigation Center > click on the Write Checks icon > select New Check
Inventory & Services Navigation Center > click on the Chart of Accounts icon > select View and Edit Accounts
6.On the Navigation Bar, make the following selections to set up an inventory item:
Inventory & Services Navigation Center > click on the Inventory Items icon > select New Inventory Item
Vendors and Purchases Navigation Center > click on the Vendors icon > select View and Edit Vendors
Inventory & Services Navigation Center > click on the Assemblies icon > select Build New Assemblies
Inventory & Services Navigation Center > click on the Receive Inventory icon > select View and Edit Purchases
Inventory & Services Navigation Center > link to Edit vendor items
7.Sage 50's help topics are displayed in the following way
DOC
XLS
HTML
PTB
8.The Item ID for Oriole Feeder is:
Avry-10300
Oriole-10320
AVRY-10300
avry-10300
avrY-10300
9.To transfer money to the Money Market Fund, make the following type of entry:
General Journal
Tasks
Payments
Maintenance
Receipts
10. When you purchase inventory stock items, the journal entry is:
Dr. the Accounts Payable/Vendor account; Cr. The Inventory account
Dr. the Expense account; Cr. the vendor account
Dr. the Cash account; Cr. the Revenue account
Dr. the Inventory account; Cr. The Accounts Payable/Vendor account
Dr. the Accounts Receivable/Customer account; Cr. the Sales account