Financial Accounting 
Software Practice Sets

1 Beginners  
2. Merchandisers
 3 Peachtree, Quick Books ...

4. Accept defaults for statements and invoices.
5. Vendor defaults Credit limits will be $50,000, aging defaults and vendor defaults will be accepted.
6. Accept inventory defaults.
7. Accept payroll defaults with a state unemployment tax of 4.5%.
8. Use the Trial Balance to set up beginning balances.
9. Use Tables A and B  to create customer accounts and outstanding invoices.
10. Use Tables C and D  to create Vendor accounts and outstanding invoices.
11. Use Tables E and F to create inventory accounts, employee accounts, and their balances.
The following tables contain three months of information. You will be reminded to record all
transactions for a month (page 24 of the paper version and table L in this internet version) 
before going on the next month.
12. Use Tables G to record credit sales with a standard invoice.
13. Use Tables H to record receipts and applying them to outstanding invoices and cash sales.
14 Use Tables I to record the purchase of an asset or an expense with a purchase order.
15. After recording February purchases, Linda checked her cash balances and paid pay outstanding invoices.
16. Use Tables J to record paying for an asset or expense without an existing vendor invoice.
17. Use Tables K to record payroll.
18. Use Tables  L to record adjusting entries.
19. Answers for January
20. Answers for February and March

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