Recording Transactions and Adjustments and Performing Month-end and Year-end Closing Procedures
Chapter 4
Recording Transactions and
Adjustments and Performing Month-end and Year-end Closing Procedures
Options A, B, and C. This chapter has three options depending upon your previous experience with a manual version systems project called the Systems Understanding Aid, written by the same authors as this computerized project. Option A is for students who have not used the Systems Understanding Aid before. Option B is for students who have completed the Systems Understanding Aid before using Transactions List A (Document No. 1). Option C is for students who have completed the Systems Understanding Aid before using Transactions List B (Document No. 1).
Your Instructor has chosen Option A for you to perform and is handing out this set of materials as an alternative transaction set to that in the Instructions & Assignments book included in your Computerized Accounting Using Microsoft Great Plains Dynamics package. You are to replace pages 4-3 through 4-24 in your Instructions & Assignments book with these handout pages, and perform these alternative Chapter 4 transactions and procedures instead of those listed in Chapter 4 of the book.
Option A
Introduction 4-3/4-4 Perform Maintenance for Inventory Sales Prices and Costs 4-4/4-5 Record December 16-31 Transactions and Perform Related Maintenance 4-5/4-12 Perform December 2001 Month-end Procedures 4-12/4-15 Record 2001 Year-end Adjusting Entries 4-16/4-19 Print Financial Statements and Other Reports 4-19/4-20 Perform Year-end Closing Procedures 4-20 Check Figures (4 pages in Instr. & Assigns. Book) 4-21/4-22
Option A
Introduction
In this chapter, you will record transactions for an existing company, Waren Distributing, Inc. for December 16-31, 2001. [Remember that date entry boxes in Dynamics default to your computer’s current date. Thus, you may need to change them all back to 2001 dates for this project. It is suggested that you change the user date in the
Recording Transactions and
Adjustments and Performing Month-end and Year-end Closing Procedures
Options A, B, and C. This chapter has three options depending upon your previous experience with a manual version systems project called the Systems Understanding Aid, written by the same authors as this computerized project. Option A is for students who have not used the Systems Understanding Aid before. Option B is for students who have completed the Systems Understanding Aid before using Transactions List A (Document No. 1). Option C is for students who have completed the Systems Understanding Aid before using Transactions List B (Document No. 1).
Your Instructor has chosen Option A for you to perform and is handing out this set of materials as an alternative transaction set to that in the Instructions & Assignments book included in your Computerized Accounting Using Microsoft Great Plains Dynamics package. You are to replace pages 4-3 through 4-24 in your Instructions & Assignments book with these handout pages, and perform these alternative Chapter 4 transactions and procedures instead of those listed in Chapter 4 of the book.
Option A
Introduction 4-3/4-4 Perform Maintenance for Inventory Sales Prices and Costs 4-4/4-5 Record December 16-31 Transactions and Perform Related Maintenance 4-5/4-12 Perform December 2001 Month-end Procedures 4-12/4-15 Record 2001 Year-end Adjusting Entries 4-16/4-19 Print Financial Statements and Other Reports 4-19/4-20 Perform Year-end Closing Procedures 4-20 Check Figures (4 pages in Instr. & Assigns. Book) 4-21/4-22
Option A
Introduction
In this chapter, you will record transactions for an existing company, Waren Distributing, Inc. for December 16-31, 2001. [Remember that date entry boxes in Dynamics default to your computer’s current date. Thus, you may need to change them all back to 2001 dates for this project. It is suggested that you change the user date in the