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Accounting Examples

Accounting Examples - how would you do it in QBO?

TransactionHow 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