2. Chapter 6 December Source Documents Copyright ©2017 by McGraw-Hill Education. All rights reserved. 1 of 15

3. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Chapter 6 The purpose of Chapter 6 is to review what you have learned in previous chapters. After analyzing each source document, record the appropriate transactions. All transactions occurred during December of the current year. The documents trigger transaction analysis for: o Accounts payable and vendors. o Inventory. o Accounts receivable and customers. o Cash and credit card sales. o Account reconciliation. o Reporting. 2 of 15

4. Copyright ©2017 by McGraw-Hill Education. All rights reserved. QBO Tips QBO Tips The source documents analyzed include: o Vendor bills for purchasing inventory. o Memos include customer payments, vendor payments and remittances. o Transaction register for issuing checks for expenses and recording ATM withdrawals. o Sales invoices for credit customers. o Sales receipts for cash and credit card sales. 3 of 15

5. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Files Saved in Chapter 6 The chart shows the PDF and Excel files saved in Chapter 6. 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 & ExcelPage Chapter 6_Journal215 Chapter 6_Trial Balance216 Chapter 6_Customer Balance Summary217 Chapter 6_AR Aging Summary217 Chapter 6_Inventory Valuation Summary218 Chapter 6_Vendor Balance Summary218 Chapter 6_AP Aging Summary219 Chapter 6_Profit and Loss220 Chapter 6_Balance Sheet222 4 of 15

6. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Files Saved in Chapter 6 (concluded) PDF & ExcelPage Chapter 6_Statement of Cash Flows222 Exercise 6-2_Reconciliation Report.pdf227 Exercise 6-2_Journal227 Exercise 6-2_Transaction Detail by Account227 Exercise 6-2_General Ledger227 Exercise 6-2_Trial Balance227 Exercise 6-2_Profit and Loss227 Exercise 6-2_Balance Sheet227 Exercise 6-2_Statement of Cash Flows227 5 of 15

7. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Source Document Examples Memo, customer payments: Customers > appropriate customer > Receive payment. 6 of 15

8. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Credit Card Sales Select + > Sales Receipt > Credit Card Sales > appropriate credit card. 7 of 15

9. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Purchase Inventory Select + > Bill > appropriate vendor. 8 of 15

10. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Sales on Account Select + > Invoice > appropriate customer. 9 of 15

11. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Vendor Payment and Remittance Select Vendors > appropriate vendor > Make payment. 10 of 15

12. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Transaction Register Select + > Check > appropriate expense. 11 of 15

13. Online Learning Center  Go online to www.mhhe.com/QBO for additional resources. Link to Student Edition, then select Chapter 6. The Online Learning Center includes: www.mhhe.com/QBO o Narrated PowerPoints. o Going to the Net exercises. o Videos. o Multiple-Choice Questions. o True or False Questions. o Analysis Questions. o Glossary of Terms. Copyright ©2017 by McGraw-Hill Education. All rights reserved. 12 of 15

14. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Video Watch the Create and Send Invoices video.Create and Send Invoices 13 of 15

15. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Going to the Net 1. 1. Go to the QuickBooks Learn & Support website.QuickBooks Learn & Support 2. 2. Type the Search word, what is reconciliation. Link to What is reconciliation? Read the article, then answer these questions.What is reconciliation a.What account types can be reconciled? b.What amounts should match on both the bank statement and reconcile window? What if amounts do not match; what should you do? 14 of 15

16. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Analysis Questions 1. 1. Is there a difference between the December 1-31 Profit and Loss and the October 1 to December 31 Profit and Loss. Explain, and provide an example. 2. 2. Is there a difference between the December 1-31 Balance Sheet and the October 1 to December 31 Balance Sheet. Explain. 3. 3. Is there a difference between the December 1-31 Statement of Cash Flows and the October 1 to December 31 Statement of Cash Flows? Explain. 15 of 15