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    Problem 23-10 QuickBooks Guide PDF

    Uploaded by

    Joseph Salido

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Problem 23-10 QuickBooks Guide PDF

    Uploaded by

    Joseph Salido
    60 views2 pages

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    Problem 23-10 QuickBooks Guide.pdf

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    60 views2 pages

    Problem 23-10 QuickBooks Guide PDF

    Uploaded by

    Joseph Salido

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Name Date Class

    QuickBooks Guide
    Step-by-Step Instructions
    Problem 23-10 Calculating and Recording Adjustments
    INSTRUCTIONS
    Begin a Session
    Step 1 Restore the Problem 23-10.QBB file.
    Work the Accounting Problem
    Step 2 Review the information in your textbook.
    Step 3 Calculate and record the end-of-period adjustments.

    4)0 Remember to use the Inventory Adjustments account to record


    the merchandise inventory adjustment.

    QuickBooks Guide
    Prepare a Report and Proof Your Work
    Step 4 Print a Journal report, and proof your work.
    Step 5 Print a Profit & Loss and a Balance Sheet report.
    Step 6 Close the fiscal year.

    4)0 To close the fiscal year, choose Preferences from the Edit menu.
    Select the Accounting Preference and choose the Company
    Preferences tab.

    Step 7 Print a Post-Closing Trial Balance report.


    Analyze Your Work
    Step 8 Complete the Analyze activity.
    Copyright © McGraw-Hill Education. All rights reserved.

    End the Session


    Step 9 It is recommended that you back up your work for this session.

    On a separate sheet of paper, list the steps for memorizing


    the depreciation adjusting entry.

    Chapter 23 ■ 1

    41_Problem 23-10 QuickBooks Guide.indd 1 7/21/15 9:23 AM


    Name Date Class

    FAQs
    Can you edit a general journal entry from an earlier period after you close the
    fiscal year?
    Yes, you can edit a general journal entry after you close the fiscal year, provided that
    you know the password for the closed period. After you make the changes to the
    entry, click the save button. QuickBooks will prompt you to enter the password for
    the closed period.
    QuickBooks Guide

    Copyright © McGraw-Hill Education. All rights reserved.

    2 ■ Chapter 23

    41_Problem 23-10 QuickBooks Guide.indd 2 7/21/15 9:23 AM

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