CS105 TTH 2-3:30 PM

1. Create a new company

Company Name
Industry
Company Type
Tax ID
Address
City
State
Zip
Phone
email

2. Create Estimate
=---Customer Details Customer Name
Company Name
Full Name
Job Title
=---Address Details
Invoice/bill to

Shipt to 1

Item details
Type
Item Name
Description
Rate
Account Type
Account Name
Description

3. Create Sales Order from the estimate

* put PO # 1345 in the space provided of the sales order

4. Create Invoice from the sales order created

*terms of the sales invoice is 90 days with discount percentage of 4%

5. Create Journal Entry

 Account type Subaccount of Account Name
Bank Cash and Cash equivalents Petty Cash Fund
Bank Cash and Cash equivalents
Bank Cash and Cash equivalents Cash in Bank- BPI Acct # 14356
Fixed Asset Tools and Other Equipment
Fixed Asset Machinery
Office Supplies
Equity Your last name and initial, Capital

Memo: To record initial investment

6. Create another Sales Invoice and receive the payment on 7

Customer Name
Company Name
Full Name
Job Title

Invoice/bill to

Shipt to 1

PO #
Terms:
VIA
FOB

ITEMS TO ORDER QTY

Tie rod 3
BALL JOINT 4
*** data for ball joint Type
Item Name
Description
Rate
Account
7. Receiving payment from Mita Company
payment to receive is 10,000

8. Create credit memo

Create Credit Memo for Mita company relating to tie rod service. Qty is 1 and apply to an invoice
9. For submission to nanez.dacua@gmail.com
File name: YOUR NAME
Subject: Prelim Exam Tth 2-3:30

to submit
1. Journal Entry
2. Sales Estimate
3. Sales Invoices
4. Credit Memo
5. Customer balance detail- customize the report to include PO#, FOB and Terms
6. General Ledger
7. Company details
N Repair Services- (write your Last Name, First Name MI) M Repair Services PC01- Damosa, Ryan E.
Automotive Sales or Repair
Sole proprietorship
987654321
Monteverde Street
Davao City
WY
8000
9876543210
marcorepairs@gmail.com

Brendo Company
Brendo Company
Brendo C. Mercado
Owner

Brendo Company
Brendo C. Mercado
Davao City, Davao Del sur 564879

Brendo Company
Brendo C. Mercado
Davao City, Davao Del sur 564879

Service
Tie Rod
Tie Rod service- PUV
4000
Income
Service Revenue
Account use to record service income from tie rod repair
 Account Name Description
Petty Cash Fund Account used to record petty expenses of the company
Cash and Cash equivalents Mother account of all cash items and its equivalent
Cash in Bank- BPI Acct # 14356 Depository account of the company
Tools and Other Equipment Account used to record all tools and equipment used in the shop
Machinery Account used to record major equipments used for repair
Office Supplies
Your last name and initial, Capital Account used to record proprietary interest of the owner

Mita Company
Mita Company
Mita C. Morales
Owner

Mita Company
Mita C. Morales
Davao City, Davao Del sur 987564

Mita Company
Mita C. Morales
Davao City, Davao Del sur 987564

56687
Due on receipt
Federal Express
Destination

Service
Ball joint
Ball joint- PUV
2000
Service Revenue

Qty is 1 and apply to an invoice

OB and Terms
r Services PC01- Damosa, Ryan E.
DR CR
15,000.00

10,005,000.00
3,500,000.00
5,000,000.00
350,000.00
18,870,000.00