TABLE OF CONTENTS
CHAPTER 1 1
QUESTIONS 1
MATCHING 1
CHAPTER 2 2
QUESTIONS 2
MATCHING 2
CHAPTER 3 3
QUESTIONS 3
MATCHING 3
CASE 1 4
CASE 2 6
CASE 3 8
CASE 4 10
CASE 5 12
CHAPTER 4 14
QUESTIONS 14
MATCHING 14
CASE 1 15
CASE 2 18
CASE 3 21
CASE 4 24
CASE 5 27
CHAPTER 5 30
QUESTIONS 30
MATCHING 30
CASE 1 31
CASE 2 35
CASE 3 40
CASE 4 47
CASE 5 53
CHAPTER 6 58
QUESTIONS 58
MATCHING 58
CASE 1 59
CASE 2 64
CASE 3 69
© 2021 Cengage. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
, TABLE OF CONTENTS
CASE 4 74
CASE 5 78
CHAPTER 7 82
QUESTIONS 82
MATCHING 82
CASE 1 83
CASE 2 87
CASE 3 93
CASE 4 98
CASE 5 102
CHAPTER 8 106
QUESTIONS 106
MATCHING 106
CASE 1 107
CASE 2 112
CASE 3 118
CASE 4 121
CASE 5 123
CHAPTER 9 126
QUESTIONS 126
MATCHING 126
CASE 1 127
CASE 2 132
CASE 3 137
CASE 4 142
CASE 5 143
CHAPTER 10 144
QUESTIONS 144
MATCHING 144
CASE 1 145
CASE 2 150
CASE 3 155
CASE 4 165
CASE 5 171
APPENDIX 2 178
CASE 1 178
CASE 2 187
CASE 3 195
CASE 4 203
© 2021 Cengage. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
,1
Chapter 1 Solutions Manual
Chapter 1 Questions
1. QBO is limited to one company per license. QBDT can manage an unlimited number of
companies.
2. No, QBO requires an Internet connection.
3. No, QBO does not require the creation of backup files.
4. Both QBO and QBDT were developed in-house by Intuit to capture and report on accounting
events.
5. The process of assigning your instructor as the accountant for your company involves a brief
interview in which you’ll provide your instructor’s email address and name.
Chapter 1 Matching
a. QBO h. Click to access help
b. QBDT g. Click to find past transactions
c. Gear icon d. Provides tasks to help you get started
d. Welcome Guide a. Online version of QuickBooks
e. Navigation bar i. Click to add your instructor as your accountant
f. Create ( ) icon j. Provides links to QBO tasks and resources
g. Magnifying Glass b. Windows Desktop version of QuickBooks
h. Help (?) icon f. Click to add any transaction
i. Manage Users c. Click to manage your subscription, users, and settings
j. Home Page e. On the left of the home page, it shows a menu of items
© 2021 Cengage. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
, 2
Chapter 2 Solutions Manual
Chapter 2 Questions
1. Click Sales and then click Customers.
2. Open the Customer window from the navigation bar, and then click a customer name.
3. Open the Vendor window from the navigation bar, click a specific vendor name, and then click a
specific bill.
4. Open the Employee window from the navigation bar, and then click Edit next to a specific employee
name.
5. Bank deposits, which have not yet been recorded in QBO, are not recognized and are temporarily
classified as Uncategorized Income.
6. Bank charges, which have not yet been recorded in QBO, are not recognized and are temporarily
classified as Uncategorized Expense.
7. Opening the sales transaction section of QBO will provide a listing of recent sales invoices and
payments.
8. Opening the expense transaction section of QBO will provide a listing of recent credit card
transactions, bills, expenses, purchase orders, checks, bill payments, and cash transactions.
9. List options include chart of accounts, recurring transactions, products and services, custom form
styles, payment methods, terms, classes, and attachments.
10. Click Reports, and then type Accounts payable in the reports search box.
Chapter 2 Matching
a. Navigation bar h. An employee in the Sample Company
b. Amy’s Bird Sanctuary e. Bank deposits not yet recognized
c. Brosnahan Insurance Agency g. Exist for all asset, liability, and equity accounts
d. Recognizing i. Specify due dates for payment to/from vendors/customers
e. Uncategorized Income a. Used to access a list of sales and expense transactions
f. Uncategorized Expense c. A vendor in the Sample Company
g. Registers j. A listing of all accounts available
h. John Johnson f. Bank charges not yet recognized
i. Terms b. A customer in the Sample Company
j. Chart of accounts d. Matching a banking transaction with a QBO transaction
© 2021 Cengage. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
CHAPTER 1 1
QUESTIONS 1
MATCHING 1
CHAPTER 2 2
QUESTIONS 2
MATCHING 2
CHAPTER 3 3
QUESTIONS 3
MATCHING 3
CASE 1 4
CASE 2 6
CASE 3 8
CASE 4 10
CASE 5 12
CHAPTER 4 14
QUESTIONS 14
MATCHING 14
CASE 1 15
CASE 2 18
CASE 3 21
CASE 4 24
CASE 5 27
CHAPTER 5 30
QUESTIONS 30
MATCHING 30
CASE 1 31
CASE 2 35
CASE 3 40
CASE 4 47
CASE 5 53
CHAPTER 6 58
QUESTIONS 58
MATCHING 58
CASE 1 59
CASE 2 64
CASE 3 69
© 2021 Cengage. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
, TABLE OF CONTENTS
CASE 4 74
CASE 5 78
CHAPTER 7 82
QUESTIONS 82
MATCHING 82
CASE 1 83
CASE 2 87
CASE 3 93
CASE 4 98
CASE 5 102
CHAPTER 8 106
QUESTIONS 106
MATCHING 106
CASE 1 107
CASE 2 112
CASE 3 118
CASE 4 121
CASE 5 123
CHAPTER 9 126
QUESTIONS 126
MATCHING 126
CASE 1 127
CASE 2 132
CASE 3 137
CASE 4 142
CASE 5 143
CHAPTER 10 144
QUESTIONS 144
MATCHING 144
CASE 1 145
CASE 2 150
CASE 3 155
CASE 4 165
CASE 5 171
APPENDIX 2 178
CASE 1 178
CASE 2 187
CASE 3 195
CASE 4 203
© 2021 Cengage. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
,1
Chapter 1 Solutions Manual
Chapter 1 Questions
1. QBO is limited to one company per license. QBDT can manage an unlimited number of
companies.
2. No, QBO requires an Internet connection.
3. No, QBO does not require the creation of backup files.
4. Both QBO and QBDT were developed in-house by Intuit to capture and report on accounting
events.
5. The process of assigning your instructor as the accountant for your company involves a brief
interview in which you’ll provide your instructor’s email address and name.
Chapter 1 Matching
a. QBO h. Click to access help
b. QBDT g. Click to find past transactions
c. Gear icon d. Provides tasks to help you get started
d. Welcome Guide a. Online version of QuickBooks
e. Navigation bar i. Click to add your instructor as your accountant
f. Create ( ) icon j. Provides links to QBO tasks and resources
g. Magnifying Glass b. Windows Desktop version of QuickBooks
h. Help (?) icon f. Click to add any transaction
i. Manage Users c. Click to manage your subscription, users, and settings
j. Home Page e. On the left of the home page, it shows a menu of items
© 2021 Cengage. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
, 2
Chapter 2 Solutions Manual
Chapter 2 Questions
1. Click Sales and then click Customers.
2. Open the Customer window from the navigation bar, and then click a customer name.
3. Open the Vendor window from the navigation bar, click a specific vendor name, and then click a
specific bill.
4. Open the Employee window from the navigation bar, and then click Edit next to a specific employee
name.
5. Bank deposits, which have not yet been recorded in QBO, are not recognized and are temporarily
classified as Uncategorized Income.
6. Bank charges, which have not yet been recorded in QBO, are not recognized and are temporarily
classified as Uncategorized Expense.
7. Opening the sales transaction section of QBO will provide a listing of recent sales invoices and
payments.
8. Opening the expense transaction section of QBO will provide a listing of recent credit card
transactions, bills, expenses, purchase orders, checks, bill payments, and cash transactions.
9. List options include chart of accounts, recurring transactions, products and services, custom form
styles, payment methods, terms, classes, and attachments.
10. Click Reports, and then type Accounts payable in the reports search box.
Chapter 2 Matching
a. Navigation bar h. An employee in the Sample Company
b. Amy’s Bird Sanctuary e. Bank deposits not yet recognized
c. Brosnahan Insurance Agency g. Exist for all asset, liability, and equity accounts
d. Recognizing i. Specify due dates for payment to/from vendors/customers
e. Uncategorized Income a. Used to access a list of sales and expense transactions
f. Uncategorized Expense c. A vendor in the Sample Company
g. Registers j. A listing of all accounts available
h. John Johnson f. Bank charges not yet recognized
i. Terms b. A customer in the Sample Company
j. Chart of accounts d. Matching a banking transaction with a QBO transaction
© 2021 Cengage. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
