CONT 4996
Sage 50 – Project 2
Accounting Services Company
In Project 2, you will complete the computer accounting cycle for an accounting services
company. You will use Sage 50 to convert the company’s manual accounting records starting on
December 1, 2018. The company hires two accounting technicians and one administrative
assistant, as independent contractors.
You will complete the accounting cycle for the month of December 2018. A balance sheet,
manual transaction register, and bank statement are provided as source documents. Also, a
checklist is shown listing all the printed reports required for grading purposes.
Part 2: Recording transactions from a manual transaction register
Step 1. The transaction register that follows provides the information necessary for December’s
journal entries. Remember to post (save) between each transaction. Wait for detailed directions
from your instructor.
Ref. #
Dep. #1
Date
11/30
12/1
Ck. #9001
12/1
Ck. #9002
12/1
Ck. #9003
12/9
Ck. #9004
12/9
Ck. #9005
12/12
Ck. #9006
12/16
Your Name Accounting Services
Manual Transaction Register
For the month ended December 31, 2018
Description
Payment
Starting Balance
Collection of Accounting
Services fees
Partial payment of Note
2,700.00
Payable with Second Street
Bank
Cash purchase of laser printer
625.87
(Computer Equipment) from
AAA Office Equipment Co.
Weekly payment for
1,250.00
contracted Administrative
Assistant services
Weekly payment for
690.00
contracted accounting
technical services
Cash purchase of a case of
105.65
letter size copy paper from
Worth’s Office Supplies
Weekly payment for
1,250.00
contracted Administrative
Assistant services
Deposit
3,500.00
Balance
34.500.00
38,000.00
35,300.00
34,674.13
33,424.13
32,734.13
32,628.48
31,378.48
1
Ck. #9007
12/16
Dep. #2
12/16
Ck. #9008
12/17
Ck. #9009
12/17
Ck. #9010
12/17
Ck. #9011
12/23
Ck. #9012
12/23
Dep. #3
12/23
Ck. #9013
12/24
Dep. #4
12/24
Ck. #9014
12/30
Ck. #9015
12/30
Dep. #5
12/30
Ck. #9016
12/30
Weekly payment for
contracted accounting
technical services
Collection of Accounting
Services fees
Payment of monthly phone
bill to Adobe Telephone Inc.
Cash purchase of regular mail
stamps (100 ct.) from US
Post Office
Payment of subscription to
the Journal of Accounting
Weekly payment for
contracted Administrative
Assistant services
Weekly payment for
contracted accounting
technical services
Collection of Accounting
Services fees
Payment of monthly utilities
bill to S3R Electric Corp.
Collection of Accounting
Services fees
Weekly payment for
contracted Administrative
Assistant services
Weekly payment for
contracted accounting
technical services
Collection from client for
accounting services on
account
Payment of monthly internet
service bill to Fab Net Co.
690.00
30,688.48
3,500.00
34,188.46
70.47
34,118.01
49.00
34,069.01
545.00
33,524.01
1,250.00
32,274.01
620.00
31,654.01
4,000.00
105.20
35,654.01
35,548.81
4,000.00
39,548.81
1,250.00
38,298.81
750.00
37,548.81
1,500.00
29.99
39,048.81
39,018.82
Step 2: Print and save a copy of the December 31, 2018 Trial Balance. Check for correct balance
amounts. Name the copy: Your Name, Accounting Services 12/31/2018 Unadjusted
Trial Balance 1.
2