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Lecture Computer accounting with quickbooks online: A cloud-based approach - Chapter 10: March source documents and end of first quarter

In this chapter, students will be able to understand: Using source documents, students complete March business transactions. In order to journalize and post transactions, analyze Chapter 10’s source documents. At the end of the first quarter, adjusting entries and financial statements are completed. Use the February 28 bank statement to reconcile Account 101 Checking. | Chapter 10 March Source Documents and End of First Quarter Copyright ©2017 by McGraw-Hill Education. All rights reserved. 1 of 11 1 Copyright ©2017 by McGraw-Hill Education. All rights reserved Copyright ©2017 by McGraw-Hill Education. All rights reserved. Chapter 10 Using source documents, students complete March business transactions. In order to journalize and post transactions, analyze Chapter 10’s source documents. At the end of the first quarter, adjusting entries and financial statements are completed. Use the February 28 bank statement to reconcile Account 101 Checking. 2 of 11 2 Copyright ©2017 by McGraw-Hill Education. All rights reserved Copyright ©2017 by McGraw-Hill Education. All rights reserved. QBO Tips It is the policy of Cloud_Ware to record adjusting entries at the end of the first quarter. The accounting records are complete through March 31, 20XY. In Chapter 10, the end-of-quarter adjusting entries are journalized and posted before Account 101 Checking is . | Chapter 10 March Source Documents and End of First Quarter Copyright ©2017 by McGraw-Hill Education. All rights reserved. 1 of 11 1 Copyright ©2017 by McGraw-Hill Education. All rights reserved Copyright ©2017 by McGraw-Hill Education. All rights reserved. Chapter 10 Using source documents, students complete March business transactions. In order to journalize and post transactions, analyze Chapter 10’s source documents. At the end of the first quarter, adjusting entries and financial statements are completed. Use the February 28 bank statement to reconcile Account 101 Checking. 2 of 11 2 Copyright ©2017 by McGraw-Hill Education. All rights reserved Copyright ©2017 by McGraw-Hill Education. All rights reserved. QBO Tips It is the policy of Cloud_Ware to record adjusting entries at the end of the first quarter. The accounting records are complete through March 31, 20XY. In Chapter 10, the end-of-quarter adjusting entries are journalized and posted before Account 101 Checking is reconciled in Exercise 10-1. Refer to Chapter 7’s end-of-quarter adjusting entries to review the accounts and amounts debited and credited. 3 of 11 3 Copyright ©2017 by McGraw-Hill Education. All rights reserved Copyright ©2017 by McGraw-Hill Education. All rights reserved. Files Saved in Chapter 10 The chart below shows the PDF and Excel files saved in Chapter 10. Files can be saved to a USB flash drive, hard-drive location, network, or external media. To identify your file, you could add your name at the end of the suggested file name. PDF & Excel Page Nos. Chapter 10_Unadjusted Trial Balance 389 Chapter 10_Journal 397 Chapter 10_March 31 Journal 398 Chapter 10_Adjusted Trial Balance 399 Chapter 10_AR Aging Summary 400 Chapter 10_Inventory Valuation Summary 400 Chapter 10_AP Aging Summary 401 Chapter 10_Profit and Loss 402 Chapter 10_Balance Sheet 404 4 of 11 4 Copyright ©2017 by McGraw-Hill Education. All rights reserved Copyright ©2017 by McGraw-Hill Education. All rights reserved. .