Reinforcement Activity 1
Processing and Reporting Departmental Accounting Data
The instructions that follow demonstrate how to:
 Start Sage 50 2013.
 Restore the starting data.
 Journalize and post December 2013 entries.
 Journalize and post adjusting and closing entries
 Complete Reinforcement Activity 1.
Before starting Reinforcement Activity 1, ask the instructor if Jewel’s Kitchen, Inc., the
company used for Reinforcement Activity 1, has already been restored. If Jewel’s
Kitchen, Inc. exists as a Sage 50 company, remember to restore An Existing Company
rather than a new company.
GETTING STARTED
Restore the RA-01.adv.ptb file. Each time you begin a problem, restore the starting
data from a Sage 50 file. Then, make the appropriate selections to display the Company
Information window to include your initials in the company name.
Jewel’s Kitchen, Inc. is a corporation that has two departments: Equipment and
Accessories. Change the company name from Jewel’s Kitchen, Inc. to RA-01XX (X’s
represent your initials).
Nothing has changed on your computer’s hard drive. In Windows 7, this company is
identified in the program folder and data folder as C:\Program Files
(x86)\Sage\Peachtree\jewkitin. The company name has been changed so that Sage 50
printouts will show the problem number and your initials. Using Maintain; Company
Information to rename the company does not change the shortened company name.
DISPLAYING THE TRIAL BALANCE
The RA-01.adv.ptb file contains starting data for Reinforcement Activity 1. This file
includes a trial balance for Jewel’s Kitchen, Inc. that will be used as the starting point for
this exercise. Follow these steps to display the trial balance.
1. From the menu bar, select Reports & Forms, then General Ledger.
2. The Select a Report or Form window appears. In the General Ledger Account
Information list, click General Ledger Trial Balance.
3. Click
.
4. The Chart of Accounts window appears. Compare your chart of accounts to the
one shown
Journalizing December 2013 transactions
1. Journalize and post transactions to the purchases journal, sales journal, cash
receipts journal and cash disbursements journal.
2. Journalize the December 18, 2013 and December 30, 2013 transactions to the
general journal.
3. Print the unadjusted trial balance, as of December 31, 2013.
4. Journalize and post the adjusting entries to the general journal.
5. Print the income statement (Year to date net income $44,715.00).
6. Print the balance sheet, statement of retained earnings and December 18 –
December 31, 2013 general journal.
7. Print the purchases journal, sales journal, cash receipts journal and cash
disbursements journal.
8. Print the customers ledgers and the vendors ledgers.
9. Back up. The suggested file name RA-01.adv.adjusted.ptb.
10. Close the fiscal year by utilizing Sage 50’s Year-End Wizard. (From the menu
bar, click Tasks, System, then choose Year-End Wizard).
11. Print the post-closing trial balance.
12. Back up. The suggested file name RA-01.adv.closing.ptb.
Reinforcement Activity 2
Processing Accounting Data for a Corporation
The instructions that follow demonstrate how to:
 Start Sage 50 2013.
 Restore the starting data.
 Journalize and post December 2013 entries.
 Journalize and post adjusting entries
 Complete Reinforcement Activity 2.
Before starting Reinforcement Activity 2, ask the instructor if Franklin Auto Parts, Inc.,
the company used for Reinforcement Activity 2, has already been restored. If Franklin
Auto Parts, Inc. exists as a Sage 50 company, remember to restore An Existing
Company rather than a new company.
GETTING STARTED
Restore the RA-02.adv.ptb file. Each time you begin a problem, restore the starting
data from a Sage 50 file. Then, make the appropriate selections to display the Company
Information window to include your initials in the company name.
Franklin Auto Parts, Inc. is set up as a corporation. Change the company name from
Franklin Auto Parts, Inc. to RA-02XX (X’s represent your initials).
Nothing has changed on your computer’s hard drive. In Windows 7, this company is
identified in the program folder and data folder as C:\Program Files
(x86)\Sage\Peachtree\fraautopa. The company name has been changed so that Sage
50 printouts will show the problem number and your initials. Using Maintain; Company
Information to rename the company does not change the shortened company name.
DISPLAYING THE TRIAL BALANCE
The RA-02.adv.ptb file contains starting data for Reinforcement Activity 2. This file
includes a trial balance for Franklin Auto Parts, Inc. that will be used as the starting
point for this exercise. Follow these steps to display the trial balance.
1. From the menu bar, select Reports & Forms, then General Ledger.
2. The Select a Report or Form window appears. In the General Ledger Account
Information list, click General Ledger Trial Balance.
3. Click
.
4. The Chart of Accounts window appears. Compare your chart of accounts to the
one shown
Journalizing December 2013 Transactions
1. Journalize and post transactions to the cash receipts journal.
2. Journalize and post transactions to the cash disbursements journal.
3. Journalize and post transactions to the general journal.
4. To enter the December 14 transaction, display the October 14, 2013 transaction
for GPR Landscape in the Sales/Invoicing window and change the A/R Acct in
the A/R account field From Acct.# 1130 – Notes Receivable to Acct.# 1120 –
Accounts Receivable. Also change date to December 13, 2013.
Be sure to provide further explanation in the Description column regarding GPR
dishonoring their 60-day 10% note.
5. To enter the December 18, 2013 transaction. First, enter invoice ($1662.95) in
the Sales Invoicing window, then receipt of cash ($1000.00) in the Receipts
window.
6. Back up. The suggested file name is RA-02.adv.unadj.
7. Journalize and post adjusting entries in the general journal. Use the forms in the
Working Papers to determine the FIFO value of the three stock items, as well as
the lower-of-cost or market value of total inventory.
8. To enter the first adjusting entry related to Allowance for Uncollectible Accounts.
Net Sales, as of December 31, 2013 is $674,256.66. ($674,256.66 * .9%=
$6008.31. $6008.31-265.22 = $5803.09.)
9. Print the income statement, statement of retained earnings and balance sheet.
10. Print the general journal and trial balance.
11. Back up. The suggested file name is RA-02.adv.adj.ptb.
Reinforcement Activity 3
Processing and Analyzing Accounting Data for a Corporation
The instructions that follow demonstrate how to:
 Start Sage 50 2013.
 Restore the RA-03.ptb starting data.
 Journalize and post December 2013 entries.
 Journalize and post adjusting entries.
 Restore the RA-03.2014.ptb to record entries for January through December 2014.
 Complete Reinforcement Activity 3.
Before starting Reinforcement Activity 3, ask the instructor if Peterson Pet Supply, Inc.,
the company used for Reinforcement Activity 3, has already been restored. If Peterson
Pet Supply, Inc. exists as a Sage 50 company, remember to restore An Existing
Company rather than a new company.
GETTING STARTED
Restore the RA-03.adv.ptb file. Each time you begin a problem, restore the starting
data from a Sage 50 file. Then, make the appropriate selections to display the Company
Information window to include your initials in the company name.
Peterson Pet Supply, Inc. is set up as a corporation. Change the company name from
Peterson Pet Supply, Inc. to RA-03XX (X’s represent your initials).
Nothing has changed on your computer’s hard drive. In Windows 7, this company is
identified in the program folder and data folder as C:\Program Files
(x86)\Sage\Peachtree\petpetsu. The company name has been changed so that Sage
50 printouts will show the problem number and your initials. Using Maintain; Company
Information to rename the company does not change the shortened company name.
DISPLAYING THE TRIAL BALANCE
The RA-0.adv.ptb file contains starting data for Reinforcement Activity 3. This file
includes a trial balance for Peterson Pet Supply, Inc. that will be used as the starting
point for this exercise. Follow these steps to display the trial balance.
1. From the menu bar, select Reports & Forms, then General Ledger.
2. The Select a Report or Form window appears. In the General Ledger Account
Information list, click General Ledger Trial Balance.
3. Click
.
4. The Chart of Accounts window appears. Compare your chart of accounts to the
one shown
Journalizing December 2013 through December 2014 transactions
1. Journalize and post transactions in the cash receipts journal.
2. Journalize and post transactions in the general journal.
3. Journalize and post transactions in the cash disbursements journal.
4. Print the December 1 – December 31, 2013 cash receipts journal.
5. Print the December 1 – December 31, 2013 general journal.
6. Print the December 1 -- December 31, 2013 cash disbursements journal.
7. Print the trial balance, as of December 31, 2013.
8. Back up. The suggested file is RA-03.adv.December 2013.ptb.
9. Journalize and post the January 1, 2014 through December 31, 2014
transactions in the cash receipts journal and the cash payments journal
10. Restore the RA-03.adv.2014.ptb file.
11. Print the January 1, 2014 through December 31, 2014 cash receipts journal.
12. Print the January 1, 2014 through December 31, 2014 cash disbursements
journal.
13. Back up. The suggested file name is RA-03.adv.December 2014.ptb.
Reinforcement Activity 4
Processing and Analyzing Cost Accounting Data for a Manufacturing
Business
The instructions that follow demonstrate how to:
 Start Sage 50 2013.
 Restore the starting data.
 Journalize and post January 2013 entries.
 Journalize and post adjusting entries
 Complete Reinforcement Activity 4.
Before starting Reinforcement Activity 4, ask the instructor if Alexandria Corporation, the
company used for Reinforcement Activity 4, has already been restored. If Alexandria
Corporation exists as a Sage 50 company, remember to restore An Existing Company
rather than a new company.
GETTING STARTED
Restore the RA-04.adv.ptb file. Each time you begin a problem, restore the starting
data from a Sage 50 file. Then, make the appropriate selections to display the Company
Information window to include your initials in the company name.
Alexandria Corporation is set up as a corporation. Change the company name from
Alexandria Corporation to RA-04XX (X’s represent your initials).
Nothing has changed on your computer’s hard drive. In Windows 7, this company is
identified in the program folder and data folder as C:\Program Files
(x86)\Sage\Peachtree\alecorpo. The company name has been changed so that Sage
50 printouts will show the problem number and your initials. Using Maintain; Company
Information to rename the company does not change the shortened company name.
DISPLAYING THE TRIAL BALANCE
The RA-04.adv.ptb file contains starting data for Reinforcement Activity 4. This file
includes a trial balance for Alexandria Corporation that will be used as the starting point
for this exercise. Follow these steps to display the trial balance.
1. From the menu bar, select Reports & Forms, then General Ledger.
2. The Select a Report or Form window appears. In the General Ledger Account
Information list, click General Ledger Trial Balance.
3. Click
.
4. The Chart of Accounts window appears. Compare your chart of accounts to the
one shown
Journalizing January 2013 entries
1. Journalize and post materials purchases transactions to the purchase journal.
2. Journalize and post transactions in the “Write Checks” window.
3. Journalize and post transactions to the general journal. Use the Materials
Ledger Cards, Costs Sheets and Finished Goods Ledger Cards in the Working
Papers for the appropriate computations.
4. Print the January 1 through January 31, 2013 purchase journal.
5. Print the January 1 through January 31, 2013 cash disbursements journal.
6. Print the January 1 through January 31, 2013 general journal.
7. Print the January 1 through January 31, 2013 General Ledger.
8. Print the Trial Balance, as of January 31, 2013.
9. Back up. The suggested file name is RA-04.adv.January.ptb.