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Accounting Examples
Accounting Examples - how would you do it in QBO?
| Transaction | How to do in QBO |
|---|---|
| Pamela Wong invested $30,000 into the business | Bank Deposit |
| Pamela Wong invested office equipment, worth $650, into the business | Journal Entry |
| Bought a computer on account from Computer Warehouse, Inc. for $9,360 | Bill |
| Bought new office equipment for $1,550, Check 100 | Check |
| Sold products on account to Roger McFall for $650 | Invoice |
| Received $400 on account from Roger McFall | Receive Payment |
| Paid $3,500 on account to Computer Warehouse, Inc., Check 102 | Pay Bill |
| Deposited the daily design receipts in the bank, $1,200 | Bank Deposit |
| Completed graphics design work for Adams, Bell, and Cox, Inc. for $850, received Check 234 | Sales Receipt |
| Paid a carpenter $175 to install a new office door, Check 803 | Check |
| Wrote Check 805 for $300 to Solutions Software in payment of an ad purchased last month | Pay Bill |
| Sold old office equipment (NOT A PRODUCT) to Joe Blake for $650 | Journal Entry |
| Received $425 as payment on an invoice from Adams, Bell, and Cox, inc. | Receive Payment |
| Ran a $300 special feature ad in Solutions Software's monthly magazine on account | Bill |
| Completed print production for Design, Inc, and received payment of $100 | Sales Receipt |
| Completed design work for Designers Boutique on account, $900 | Invoice |
Created by:
emuroff
Popular Accounting sets