| Accounts Payable
SOFTWARE OBJECTIVES: In Chapter 11, you will use the software
to: - Set up company information for Richard's Sales & Service.
- Enter the following general ledger information: chart of accounts and
beginning balances.
- Enter the following accounts payable information: vendor defaults and
vendor records.
- Enter the following inventory information: inventory defaults, inventory
items, and inventory beginning balances.
- Record accounts payable transactions : merchandise purchases, purchase
orders , cash purchases, and purchase returns.
- Make four backups: 1) back up Chapter 11 beginning data; 2) back up Chapter 11 data; 3) back up Exercise 11-1; 4) back up Exercise 11-2.
WEB OBJECTIVES: In Chapter 11, you will do these Internet
activities: - Use your Internet browser to go to the book's website at http://www.mhhe.com/yacht2005.
- Go to the Internet Activity link on the book's website. Then, select WEB EXERCISES PART 3. Complete the first web exercise in Part 3Accounting List.
- Use a word processing program to write summaries of the websites that you
visited.
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