COPYRIGHT © 2007 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star logo, and South-Western are trademarks used herein under license Using Peachtree Complete for Accounting 1st Edition Glenn Owen Chapter Seven Cash-Oriented Business Activities

Using Peachtree Complete 2007 for Accounting, 1st edition2 Chapter 7 3 Fundamental Business Activities Financing Initiated: when money or other resources are obtained from short- term nontrade creditors, long-term creditors, and/or owners. Completed: when amounts owed are repaid to or otherwise settled with these same creditors and/or owners. Operating Initiated: when the money obtained from financing activities and the productive assets obtained from investing activities are applied to either purchase or produce goods and services for sale. Completed: substantially completed when goods are delivered or when services are performed. Investing Initiated: when the money obtained from financing activities is applied to nonoperating uses, such as buying investment securities and/or productive assets like equipment, buildings, land, or furniture and fixtures. Completed: when the investment securities and/or productive assets are sold.

Using Peachtree Complete 2007 for Accounting, 1st edition3 Chapter 7 Recording Cash-Oriented Investing Activities Click Save to save your new account Be sure to select the proper account type when creating a new account. The default account type is Cash.

Using Peachtree Complete 2007 for Accounting, 1st edition4 Chapter 7 Creating a New Check Click this magnifying glass to view a list of existing vendors or to create a new vendor. Once you type an account in the Expense Acct text box, that account’s description appears here.

Using Peachtree Complete 2007 for Accounting, 1st edition5 Chapter 7 Recording Cash-Oriented Operating Activities—Sales Order

Using Peachtree Complete 2007 for Accounting, 1st edition6 Chapter 7 Receipt of Deposit on Future Sales

Using Peachtree Complete 2007 for Accounting, 1st edition7 Chapter 7 Creating a Purchase Order Click here to save this purchase order

Using Peachtree Complete 2007 for Accounting, 1st edition8 Chapter 7 Recording Cash Sales

Using Peachtree Complete 2007 for Accounting, 1st edition9 Chapter 7 Recording Paid Invoices

Using Peachtree Complete 2007 for Accounting, 1st edition10 Chapter 7 Recording checks written for expenses