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1994-04-06
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16KB
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367 lines
"1.0"
"01/01/--"," "," ","Highpoint Solar Inc. "," "
3,3,1,2,1
1,3
"100 "
"199 "
"200 "
"299 "
"300 "
"399 "
"400 "
"411 "
"500 "
"513 "
"514 "
"528 "
"610 "
"611 "
"710 "
"710 "
"810 "
"810 "
"121"
"124"
"220"
"221"
"110 "
"118 "
"Total Current Assets"
"119 "
"120 "
"Total Long-Term Investments"
"121 "
"124 "
"Total Property, Plant & Eqpt."
"125 "
"125 "
"Total Intangible Assets"
"210 "
"219 "
"Total Current Liabilities"
"220 "
"221 "
"Total Long-Term Liabilities"
" "
" "
""
" "
" "
""
" "
" "
""
""
""
""
"110 "
"111 "
" "
" "
" "
"210 "
"315 "
"316 "
"317 "
"318 "
" "
" "
""
""
""
60
"110 ","Cash "," ",161341.62,161341.62,0
"111 ","Accounts Receivable "," ",93745.6,93745.6,0
"112 ","Allow. for Doubt. Accts. "," ",-3874.91,-3874.91,0
"113 ","Finished Goods "," ",39711.02,39711.02,0
"114 ","Work in Process "," ",126820,126820,0
"115 ","Direct Materials "," ",80000,80000,0
"116 ","Indirect Mat./Fact. Supp."," ",21204.76,21204.76,0
"117 ","Prepaid Insurance "," ",9762,9762,0
"118 ","Office Supplies "," ",1721.5,1721.5,0
"119 ","Bond Sinking Fund Cash "," ",12157.28,12157.28,0
"120 ","Bond Sinking Fund Invest."," ",52587,52587,0
"121 ","Factory Equipment "," ",237319.8,237319.8,0
"122 ","Accum. Depr.--Fact. Eqpt."," ",-106556,-106556,0
"123 ","Office Equipment "," ",100787,100787,0
"124 ","Accum. Depr.--Ofc. Eqpt. "," ",-14502,-14502,0
"125 ","Patents "," ",12544,12544,0
"210 ","Accounts Payable "," ",-57607.47,-57607.47,0
"211 ","Salaries Payable "," ",0,0,0
"212 ","Employees Income Tax Pay."," ",-18000,-18000,0
"213 ","FICA Tax Payable "," ",-9180,-9180,0
"214 ","State Unempl. Tax Payable"," ",-375.4,-375.4,0
"215 ","Federal Unempl. Tax Pay. "," ",-293.69,-293.69,0
"216 ","Property Tax Payable "," ",-6418,-6418,0
"217 ","Income Tax Payable "," ",-6647,-6647,0
"218 ","Cash Dividends Payable "," ",0,0,0
"219 ","Interest Payable "," ",0,0,0
"220 ","12% Bonds Payable "," ",-200000,-200000,0
"221 ","Discount on Bonds Payable"," ",4800,4800,0
"310 ","Preferred Stock "," ",-100000,-100000,0
"311 ","Common Stock "," ",-250000,-250000,0
"312 ","Common St. Div. Distrib. "," ",0,0,0
"313 ","Pd-In Cap.in Exc of Par "," ",-25000,-25000,0
"314 ","Treasury Stock "," ",0,0,0
"315 ","Retained Earnings "," ",-156047.11,-156047.11,0
"316 ","Cash Dividends "," ",0,0,0
"317 ","Stock Dividends "," ",0,0,0
"318 ","Income Summary "," ",0,0,0
"410 ","Sales "," ",0,0,0
"411 ","Sales Discounts "," ",0,0,0
"510 ","Cost of Goods Sold "," ",0,0,0
"511 ","Factory Overhead "," ",0,0,0
"512 ","Amortization Expense "," ",0,0,0
"513 ","Advertising Expense "," ",0,0,0
"514 ","Utilities Expense "," ",0,0,0
"515 ","Insurance Exp.--Selling "," ",0,0,0
"516 ","Insurance Exp.--General "," ",0,0,0
"517 ","Sales Salaries Expense "," ",0,0,0
"518 ","Officers' Salaries Exp. "," ",0,0,0
"519 ","Office Salaries Expense "," ",0,0,0
"520 ","Depr. Exp.--Ofc. Eqpt. "," ",0,0,0
"521 ","Office Supplies Expense "," ",0,0,0
"522 ","Payroll Taxes Exp.--Gen. "," ",0,0,0
"523 ","Property Tax Exp.--Gen. "," ",0,0,0
"524 ","Rent Expense--General "," ",0,0,0
"525 ","Uncollectible Accts. Exp."," ",0,0,0
"526 ","Misc. Selling Expense "," ",0,0,0
"610 ","Bond Sinking Fund Income "," ",0,0,0
"611 ","Gain On Sale of Invest. "," ",0,0,0
"710 ","Interest Expense "," ",0,0,0
"810 ","Income Tax Expense "," ",0,0,0
6
"510","Ames Electronic Suppliers",-8279.11,-8279.11
"520","Clemmons Supply ",0,0
"530","Delta Tool Company ",-18465.56,-18465.56
"540","Metro Container Corp. ",0,0
"550","Monarch Manufacturing Co.",-8048.2,-8048.2
"560","Northern Copper Co. ",-22814.6,-22814.6
11
"110","Apex Solar Corporation ",0,0
"120","Booneville Manufacturer's",10625,10625
"130","Desert Solar Sales ",10800,10800
"140","Far West Corporation ",10000,10000
"150","Imperial Solar Sales ",12180,12180
"160","Madison Plumbing Company ",0,0
"170","Piedmont Solar Systems ",3450,3450
"180","Salem Contractors, Inc. ",20926,20926
"190","Sol-Air Energy Systems ",0,0
"200","Webb Heating and Plumbing",6129,6129
"210","Winston Heating Contract.",19635.6,19635.6
0
7,0,7,0,15
0,7,0,7,15
7,0,7,0,15
0
Instructions:
-------------
Listed below are step-by-step instructions for solving "Highpoint Solar
Inc." using Solutions Software. If you have a printer attached, press
the F9 key now to print the instructions. Once the instructions are
dismissed from the screen, they can only be retrieved by reloading the
opening balances file.
Press the ESC key to return to the accounting program.
Step 1: Save the opening balances file you just loaded to your drive
and directory with a file name of XXXHSI (where XXX are your
initials and HSI indicates "Highpoint Solar Inc.").
Operating Procedure: Press the Alt key to access the Menu
bar. Press Enter to pull down the File menu. Use the down
arrow key to choose the Save As command. Press Enter. Key
the path to the drive and directory that contains your data
files (for example, if you wish to save your data to Drive B,
key B: as the path name). Key a file name of XXXHSI where XXX
are your initials and HSI indicates Highpoint Solar Inc.
Press Ctrl-Enter to select the Ok button.
Step 2: In the General Information data entry window, key the run
date to January 31 of the current year. Key your name in
the Student Name field.
Operating Procedure: Press the Alt key to access the Menu
bar. Press the right arrow key to Options and press Enter
to pull down the Options menu. Press Enter to choose the
General Information command. Key the run date to
January 31 of the current year. Press the Insert key to
overwrite the existing date. Key your name in the Student
Name field. Press Ctrl-Enter to select the Ok button.
Step 3: Key the journal entries in the General Journal.
Operating Procedure: Press the Alt key to access the Menu
bar. Press the right arrow key to Journals and press Enter
to pull down the Journals menu. Use the down arrow key and
press Enter to choose the General Journal.
In the General Journal, key the date of each transaction.
Leave the Reference field blank. Key the general journal
entries. Press the F1 key to view the chart of accounts.
After the entries are keyed, press Ctrl-Enter to select the Ok
button. When the Posting Summary appears, press Ctrl-Enter
to select Post.
Step 4: Display the journal entries.
Operating Procedure: Press the Alt key to access the Menu
bar. Use the right arrow key to select Reports and press Enter
to pull down the Reports menu. Use the down arrow key to
choose the Journals command. Press Enter. When the Report
Selection window appears, place an "X" in the box for
General Journal. Press Ctrl-Enter.
When the Selection Options window appears, verify the date
range of 01/01/YY to 01/31/YY (where YY is the current year).
Leave the Reference restriction field blank. Press Ctrl-Enter.
When the General Journal report is displayed, press the F9 key
to print. Press Esc to close the windows.
Step 5: Make corrections to the journal entries, if necessary.
Operating Procedure: Select the List option in the General
Journal screen by pressing the End key, then use the left
arrow key to choose List at the bottom of the screen.
Press Enter to review the list of journal entries. To
choose the journal entry to correct, use the arrow keys to
move to the entry, then press Enter. Make the correction(s)
and press Ctrl-Enter to select the Ok button. Press Enter
to Post.
Step 6: Display the trial balance, schedule of accounts payable, and
schedule of accounts receivable.
Operating Procedure: Press the Alt key to access the Menu
bar. Use the right arrow key to choose Reports and press
Enter to pull down the Reports menu. Use the down arrow key
to choose the Ledgers command. Press Enter. Press the space
bar to place an "X" in the box for Trial Balance. Use the down
arrow key to choose Schedule of Accounts Payable, and Schedule
of Accounts Receivable. Press the space bar to place an "X" in
each box. Press Ctrl-Enter. When each of the reports is
displayed, press the F9 key to print. Press Esc to close the
windows.
Step 7: Key the adjusting entries. Use the trial balance report
prepared in Step 6 as the basis for preparing the adjusting
entries.
Operating Procedure: Use the General Journal. Key
January 31 as the date of each entry. Key ADJ.ENT. in the
Reference field. Key the adjusting entries. Press the F1 key
to view the chart of accounts. After the adjusting entries are
keyed, press Ctrl-Enter to select the Ok button. When the
Posting Summary appears, press Ctrl-Enter to select Post.
Step 8: Display the adjusting entries.
Operating Procedure: Press the Alt key to access the Menu
bar. Use the right arrow key to select Reports and press Enter
to pull down the Reports menu. Use the down arrow key to
choose the Journals command. Press Enter. When the Report
Selection window appears, select General Journal by using the
down arrow key. Press the space bar to place an "X" in the
General Journal box. Press Ctrl-Enter.
When the Selection Options window appears, verify the date
range of 01/01/YY to 01/31/YY (where YY is the current year).
Key ADJ.ENT. in the Reference restriction field so that only
the adjusting entries are reported. Press Ctrl-Enter. When
the General Journal report is displayed, press the F9 key to
print. Press Esc to close the window.
The Report Selection and Selection Options screens appear below.
=═════ Report Selection ══════╗
║ ║
║ [ ] Opening Balances ║
║ [X] General Journal ║
║ [ ] Purchases Journal ║
║ [ ] Cash Payments Journal ║
║ [ ] Sales Journal ║
║ [ ] Cash Receipts Journal ║
╠═════════════════════════════╣
║ [ Ok ] < Cancel > ║
╚═════════════════════════════╝
=░░░░░░░░░░░ Selection Options ░░░░░░░░░░░╗
║ (Journals) ║
║ ║
║ ║
║ Date range: 01/01/YY to 01/31/YY ║
║ ║
║ Reference restriction: ADJ.ENT. ║
║ ║
╠═════════════════════════════════════════╣
║ [ Ok ] [ Cancel ] ║
╚═════════════════════════════════════════╝
Step 9: Make corrections to the adjusting entries, if necessary.
Operating Procedure: Select the List option in the General
Journal screen by pressing the End key, then use the left
arrow key to choose List at the bottom of the screen.
Press Enter to review the list of adjusting entries. To
choose the adjusting entry to correct, use the arrow keys to
move to the entry, then press Enter. Make the correction(s)
and press Ctrl-Enter to select the Ok button. Press Enter
to Post.
Step 10: Display the income statement, balance sheet, and statement of
owner's equity.
Operating Procedure: Press the Alt key to access the Menu
bar. Use the right arrow key to choose Reports and press
Enter to pull down the Reports menu. Use the down arrow key
to select the Financial Statements command. Press Enter.
Press the space bar to place an "X" in the box for each
financial statement. Press Ctrl-Enter. When each of the
financial statements is displayed, press the F9 key to
print. Press Esc to close the windows.
Step 11: Save your data file.
Operating Procedure: Press the Alt key to access the Menu
bar. Press Enter to pull down the File menu. Use the down
arrow key to choose the Save Accounting File command. Press
Enter.
Step 12: Perform period-end closing.
Operating Procedure: Press the Alt key to access the Menu
bar. Use the right arrow key to choose Options and press
Enter to pull down the Options menu. Use the down arrow key
to choose the Period-End Closing command. Press Enter. When
the dialog box appears, press Ctrl-Enter to select the Ok
button.
Step 13: Display a post-closing trial balance.
Operating Procedure: Press the Alt key to access the Menu
bar. Use the right arrow key to choose Reports and press
Enter to pull down the Reports menu. Use the down arrow key
to choose the Ledgers command. Press Enter. Press the space
bar to place an "X" in the box for Trial Balance. Press Ctrl-
Enter. When the post-closing trial balance is displayed,
press the F9 key to print. Press Esc to close the window.
Step 14: Use the Save As command to save your data file to disk.
Operating Procedure: Press the Alt key to access the Menu
bar. Press Enter to pull down the File menu. Use the down
arrow key to choose the Save As command. Press Enter. Key
the path to the drive and directory that contains your data
files (for example, if you wish to save your data to Drive B,
key B: as the path name). Key a file name of XXXHSIP where
XXX are your initials, HSI identifies the problem, and P
indicates "post" closing.
Step 15: End the session.
Operating Procedure: Press the Alt key to access the Menu
bar. Press Enter to pull down the File menu. Use the down
arrow key to choose the Quit command. Press Enter.