Slide 1

Chapter 3New Company Setup for a Merchandising Business

Copyright 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.3-2Objectives, page 71Open company called Your Name Retailers Inc.Set preferences. Edit the chart of accounts.Enter beginning balances.Record check register entries.Edit to correct an error.Complete account reconciliation.Display the trial balance Display the financial statements.Make backup of work.

The chart in the Preface, page xii, shows the file name and size of each backup file. Refer to this chart for backing up. Remember, you can back up to a hard drive location or external media.

3-3Getting Startedpages 72-73

Open or Restore the company created in Chapter 1. The company name is your first and last name Retailers Inc.

3-4Edit the Chart of Accountspages 75-80After deleting, changing, and adding accounts, the chart of accounts is shown on page 80.

43-5Beginning BalancesPages 81-84

3-6

Account Registerpages 86-89

An account register for cash transactions is a listing of all deposits and checks. To enter deposits and checks, follow the steps on pages 86-89. The Home State Bank account register is shown on page 88.

3-7Account Reconciliation,pages 96-100

3-8

Printing the Journal, Trial Balance, and Financial Statements, page 102

After completing the work within Chapter 3, this trial balance is shown on page 102.

3-9Summary and Reviewpage 105-110Each chapter ends with the following summary and review material:Resourceful QuickBooks includes using the QuickBooks Learning Center. (From the Help menu, select Learning Center Tutorials.)Multiple choice questions, True/Make True or Short Answer, and the Analysis questions are online at www.mhhe.com/QBessentials2014. Your instructor may want you to take these online tests or email the QA Templates.End-of-chapter exercises must be completed. The company data accumulates in Chapters 1 through 6.