1st Web-Based Edition
Page 1 Rebel Ridge Snowmobiles – Journal Entries 1st Web-Based Edition, Copyright © 2010 PKL Software, Incorporated. All rights reserved. Last Revised: April 1, 2010
BEGIN THE PROGRAM AND ENTER THE DATA
When you have: (1) Carefully read pages 1-8 of this handbook, (2) A good understanding of the accounts used by Rebel Ridge Snowmobile and how those accounts are used, you are ready to begin the journalizing process in the Rebel Ridge Snowmobile web-based accounting program. The transactions for the month of December follow, and you are encouraged to prepare your account entry information before sitting down at the computer. It is suggested that you write the account numbers and dollar amounts of the journal entries in the margin of the handbook under the column titled Student Analysis. This procedure will speed up your data entry time. An example of a written analysis before the data entry is shown on page 3 with the first December 3 transaction. You may prefer to analyze each entry and record the transaction on the computer at the same time. You will be able to access the chart of accounts, customer list, and vendor list to the screen during the data entry process. This makes the recording of transactions and related information a very quick, easy, and efficient procedure.
TO BEGIN THE DATA ENTRY PROCESS FOLLOW STEPS 1-12 AS OUTLINED BELOW: 1. From the Home Page, Click on Rebel Ridge Snowmobile. 2. Log-in with your User ID Name and Password. 3. When the Rebel Ridge Snowmobile page appears Journals/Ledgers/Statements and select General Ledger. on the screen, click on
4. Click on Print and print the December 3 Trial Balance. Return to the General Ledger screen by clicking on the close icon. 5. Click on Journals/Ledgers/Statements, select Subsidiary Ledgers, and select Accounts Receivable. 6. Print the Schedule of Accounts Receivable. 7. Click on Journals/Ledgers/Statements, select Subsidiary Ledgers, and select Accounts Payable. 8. Print the Schedule of Accounts Payable. 9. Click on Data Entry. 10. Click on the Daily JE button. 11. Read the narrative for the first December transaction at the top of page 3. 12. Carefully follow instruction 1-8 as you begin the data entry procedure.
Page 2 Rebel Ridge Snowmobiles – Journal Entries 1st Web-Based Edition, Copyright © 2010 PKL Software, Incorporated. All rights reserved. Last Revised: April 1, 2010
TRANSACTIONS FOR DECEMBER 3-10
Student Analysis December 3 Purchased office supplies for cash. The cost of the office supplies is $450.63, the invoice number is P6604 and the check number is 10055. Follow instructions 1-8 below. 1. At the date prompt, for December 3, enter 03 for day and press the Tab key (do not use the Enter Key). When entering any part of the transaction, you may back up and reenter the information by using the backspace key. If the date has been entered incorrectly reenter the date. 2. At the account prompt, type 129 and press the Tab key. To record the debit to Office Supplies enter $450.63 in the debit amount column. Do not use dollar signs or commas. If the account or amount is incorrect, click on the appropriate item and reenter. Tab to the next position. 3. At the account prompt, type 101. Press the Tab key to move to the credit column and enter $450.63 as the credit to Cash. Do not use dollar signs or commas. 4. Click on the Verify Journal button. The equality of debits and credits will be automatically verified. If any part of the journal entry is incorrect at this point, click on the Clear Screen button and reenter the transaction. 5. At the check prompt enter 10055. Tab to the Invoice prompt. 6. At the invoice prompt enter invoice number P6604. The alphabet letter P may be entered in upper or lower case. 7. Check the entry carefully. If you wish to make a correction to the invoice number, click on the invoice entry box and enter the correct number. If the entry is...