In this chapter, students will be able to understand: Using source documents, students complete January business transactions. The source documents shown prompt transaction analysis for issuing checks for expenses (transaction register), accounts payable (vendors), inventory, accounts receivable (customers), and cash and credit card sales. | Chapter 8 January Source Documents Copyright ©2017 by McGraw-Hill Education. All rights reserved. 1 of 12 1 Copyright ©2017 by McGraw-Hill Education. All rights reserved Copyright ©2017 by McGraw-Hill Education. All rights reserved. Chapter 8 Using source documents, students complete January business transactions. The source documents shown prompt transaction analysis for issuing checks for expenses (transaction register), accounts payable (vendors), inventory, accounts receivable (customers), and cash and credit card sales. 2 of 12 2 Copyright ©2017 by McGraw-Hill Education. All rights reserved Copyright ©2017 by McGraw-Hill Education. All rights reserved. QBO Tips Using source documents, students record the following types of transactions. Memo shown for Vendor payments: Vendors > select appropriate vendor > open bill > Make payment. Transaction register: Create (+) > Check > make appropriate selection > Account details, select expense. Credit card receipts: Create (+) > Sales . | Chapter 8 January Source Documents Copyright ©2017 by McGraw-Hill Education. All rights reserved. 1 of 12 1 Copyright ©2017 by McGraw-Hill Education. All rights reserved Copyright ©2017 by McGraw-Hill Education. All rights reserved. Chapter 8 Using source documents, students complete January business transactions. The source documents shown prompt transaction analysis for issuing checks for expenses (transaction register), accounts payable (vendors), inventory, accounts receivable (customers), and cash and credit card sales. 2 of 12 2 Copyright ©2017 by McGraw-Hill Education. All rights reserved Copyright ©2017 by McGraw-Hill Education. All rights reserved. QBO Tips Using source documents, students record the following types of transactions. Memo shown for Vendor payments: Vendors > select appropriate vendor > open bill > Make payment. Transaction register: Create (+) > Check > make appropriate selection > Account details, select expense. Credit card receipts: Create (+) > Sales Receipt > select appropriate type of credit card > complete Items. Customer payments: Customers > select appropriate customer, open invoice > Receive payment. Bill: Create (+) > Bill > select appropriate vendor. Sales Invoice: Create (+) > Invoice > select appropriate customer. Sales Receipts for cash sales: Create (+) > Sales Receipts > select cash sales. Bank statement for checking account reconciliation. 3 of 12 3 Copyright ©2017 by McGraw-Hill Education. All rights reserved Copyright ©2017 by McGraw-Hill Education. All rights reserved. Files Saved in Chapter 8 The chart shows the PDF and Excel files saved in Chapter 8. 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 8_Journal 296 Chapter 8_Trial Balance 297 Chapter 8_AR Aging Summary 297 Chapter 8_Inventory Valuation Summary 297 Chapter 8_AP Aging Summary 298 Chapter 8_Profit .
