INTRODUCTION TO COMPUTERIZED ACCOUNTING CHAPTER 6 HANDS-ON ASSIGNMENT QUESTIONS
ANSWERED CORRECTLY LATEST UPDATE 2026
Question 1.
Open your QuickBooks Online company. Complete Chapter 6's hands-on work and step-by-step
activities presented on pages 211 to 254. Type the answers to the questions below. The account
balances reflect October 1 - December 30, 20XX.
Required 1:
1. What are the account balances in these accounts from 10/1/20XX to 12/30/20XX? Indicate whether
these accounts have debit (dr.) or credit (cr.) balances. - Answers [Account , Balance, Debit/Credit]
101 Checking: $55,320.33 (Debit)
105 Accounts Receivable: $425.00 (Debit)
115 Merchandise Inventory: $9,870.00 (Debit)
201 Accounts Payable : $3,120.00 (Credit)
207 Arizona Department of Revenue Payable: $1,781.81 (Credit)
208 Illinois Department of Revenue Payable: $50.00 (Credit)
401 Sales: $31,140.00 (Credit)
501 Cost of Goods Sold: $12,570.00 (Debit)
Question 1 (Cont.)
Required 2 - 10.
What total is shown on the 12/30 Trial Balance?
What is Net Income?
What are the total Liabilities and Equity?
What is the quantity, asset value, and average cost of computers?
What is the quantity, asset value, and average cost of data storage?
What is the quantity, asset value, and average cost of network products?
What is the quantity, asset value, and average cost of web servers?
What is the quantity, asset value, and average cost of webinars?
What is the cash increase at the end of the period? - Answers [Item: Amount/Asset Value, Quantity,
Average Cost]
2. Trial Balance total: $101,091.81
3. Net Income: $14,663.52
4. Total Liabilities and Equity: $84,615.33
5. Computers: $5,500.00, 11, $500.00
6. Data storage: $765.00, 51, $15.00
7. Network products: $400.00, 16, $25.00
8. Web servers: $2,800.00, 14, $200.00
9. Webinars: $405.00, 9, $45.00
, 10. End-of-period cash increase: $55,320.33
Question 1 (Cont.)
Required 11.
What Dashboard graph reports income and expenses for the year?
Dashboard graph reports income and expenses for the year: - Answers Profit and Loss
Question 1 (Cont.)
Required 12.
Identify the type of graph that reports income and expenses.
Type of graph that reports income and expenses: - Answers Bar graph
Question 1 (Cont.)
Required 13.
For the items shown, type the amounts.
(Hint: It is okay to round up or down.) - Answers [Item, Amount]
Net income for the year: $14,664
Income: $31,140
Expenses: $?
Question 1 (Cont.)
Required 14.
What type of graph shows this fiscal year's sales?
Type of graph shows this fiscal year's sales: - Answers Line chart
Question 1 (Cont.)
Required 15.
What dashboard graph reports invoices not due yet? - Answers Invoices
Question 2.
Open your QuickBooks Online company. Compete Chapter 6's hands-on work, step-by-step activities,
and Exercises 6-1 and 6-2, pages 211-261. When appropriate, type the balance.
Required:
For each item listed in the table below, input either the balance or percentage for the date range
10/1/20XX to 12/31/20XX.
Note: Enter your percentage answers as whole numbers rounded to 2 decimal places (e.g., 1201
should be entered as 12.01%) and other answers with 2 decimal places.) - Answers [Item, Report,
Balance]
Trial Balance, Total Debits or Total Credits: $101,091.81
Percentage of Net Income, October Profit and Loss by Month: 73.96%
Percentage of Net Income, November Profit and Loss by Month: 42.55%
Percentage of Net Income, December Profit and Loss by Month: ?%
Percentage of Net Income, Year-to-Date Profit and Loss by Month: ?%
201 Accounts Payable, Percentage of Column, Custom Balance Sheet: 3.69%
205 Loan Payable, Trial Balance/Balance Sheet/Statement of Cash Flows: $5,000.00
ANSWERED CORRECTLY LATEST UPDATE 2026
Question 1.
Open your QuickBooks Online company. Complete Chapter 6's hands-on work and step-by-step
activities presented on pages 211 to 254. Type the answers to the questions below. The account
balances reflect October 1 - December 30, 20XX.
Required 1:
1. What are the account balances in these accounts from 10/1/20XX to 12/30/20XX? Indicate whether
these accounts have debit (dr.) or credit (cr.) balances. - Answers [Account , Balance, Debit/Credit]
101 Checking: $55,320.33 (Debit)
105 Accounts Receivable: $425.00 (Debit)
115 Merchandise Inventory: $9,870.00 (Debit)
201 Accounts Payable : $3,120.00 (Credit)
207 Arizona Department of Revenue Payable: $1,781.81 (Credit)
208 Illinois Department of Revenue Payable: $50.00 (Credit)
401 Sales: $31,140.00 (Credit)
501 Cost of Goods Sold: $12,570.00 (Debit)
Question 1 (Cont.)
Required 2 - 10.
What total is shown on the 12/30 Trial Balance?
What is Net Income?
What are the total Liabilities and Equity?
What is the quantity, asset value, and average cost of computers?
What is the quantity, asset value, and average cost of data storage?
What is the quantity, asset value, and average cost of network products?
What is the quantity, asset value, and average cost of web servers?
What is the quantity, asset value, and average cost of webinars?
What is the cash increase at the end of the period? - Answers [Item: Amount/Asset Value, Quantity,
Average Cost]
2. Trial Balance total: $101,091.81
3. Net Income: $14,663.52
4. Total Liabilities and Equity: $84,615.33
5. Computers: $5,500.00, 11, $500.00
6. Data storage: $765.00, 51, $15.00
7. Network products: $400.00, 16, $25.00
8. Web servers: $2,800.00, 14, $200.00
9. Webinars: $405.00, 9, $45.00
, 10. End-of-period cash increase: $55,320.33
Question 1 (Cont.)
Required 11.
What Dashboard graph reports income and expenses for the year?
Dashboard graph reports income and expenses for the year: - Answers Profit and Loss
Question 1 (Cont.)
Required 12.
Identify the type of graph that reports income and expenses.
Type of graph that reports income and expenses: - Answers Bar graph
Question 1 (Cont.)
Required 13.
For the items shown, type the amounts.
(Hint: It is okay to round up or down.) - Answers [Item, Amount]
Net income for the year: $14,664
Income: $31,140
Expenses: $?
Question 1 (Cont.)
Required 14.
What type of graph shows this fiscal year's sales?
Type of graph shows this fiscal year's sales: - Answers Line chart
Question 1 (Cont.)
Required 15.
What dashboard graph reports invoices not due yet? - Answers Invoices
Question 2.
Open your QuickBooks Online company. Compete Chapter 6's hands-on work, step-by-step activities,
and Exercises 6-1 and 6-2, pages 211-261. When appropriate, type the balance.
Required:
For each item listed in the table below, input either the balance or percentage for the date range
10/1/20XX to 12/31/20XX.
Note: Enter your percentage answers as whole numbers rounded to 2 decimal places (e.g., 1201
should be entered as 12.01%) and other answers with 2 decimal places.) - Answers [Item, Report,
Balance]
Trial Balance, Total Debits or Total Credits: $101,091.81
Percentage of Net Income, October Profit and Loss by Month: 73.96%
Percentage of Net Income, November Profit and Loss by Month: 42.55%
Percentage of Net Income, December Profit and Loss by Month: ?%
Percentage of Net Income, Year-to-Date Profit and Loss by Month: ?%
201 Accounts Payable, Percentage of Column, Custom Balance Sheet: 3.69%
205 Loan Payable, Trial Balance/Balance Sheet/Statement of Cash Flows: $5,000.00
