This page summarizes the assignment we will cover during the first class devoted to Peachtree.

• Complete all activities described in Chapter 1, pp. 3 - 38.
• Complete Exercise 1-2.
• Make a small change to Bellwether's address:
  • Select Maintain | Company Information.
  • Change the Company Information to:
    • Your Name Garden Supply
    • 1505 Pavilion Place, Suite C
    • Norcross, GA 30093-3203
• Once you are added as an employee, print an employee list by selecting
  Reports | Payroll | Employee List

Chapter 2

• Complete all activities described in Chapter 2, pp. 47 - 71.
  • During class, I will show you how to record the receipt of inventory order with PO # temp1, p. 54.
  • Also, I will show you how to record the payment for this inventory.
  • Additionally, I will show you how to issue a check for the payment of goods or services at the time the goods or services are received.
• Complete Exercises 2-1 and 2-2.
  • In Exercise 2-2, you can skip step #4, related to printing all the vendor ledgers.

Additional Assignment - Chapter 1 & 2

• Enter your name as a new vendor. Be sure to complete the Vendor ID, Name, Address, and City, ST, and Zip fields. Accept the default values in other areas.
• Using yourself as vendor, create and print a purchase order for the following items. Quantities ordered follow the @ symbol. Accept the default date of March 15, 2003. Accept the default prices. Printing can be done in the "PO Plain" style.
  • BOOK-11000 @ 25.
  • BOOK-11010 @ 20.
  • BOOK-11020 @ 15.
  • BOOK-11030 @ 10.
• The above order is received in full on March 20. Record the receipt of the merchandise. For the invoice number, use your student ID number.
• The above order is paid in full on March 28. The amount paid should reflect the 2% discount. Print the check. Use the "AP Preprint 1 Stub" format.
• Using yourself as vendor, post a cash purchase for 100 of the following item, SEVG-33270. Reduce the unit price from $.45 to $.44. Print the check for this purchase. Use the "AP Preprint 1 Stub" format.
• Print a ledger for your vendor account for the month of March 2003.
  • From the menu, select Reports | Accounts Payable.
  • Scroll down and click on vendor ledgers.
  • Once the ledger appears, click on the options button. In the Vendor ID filter, under From and To, enter your vendor ID number. The dates should be March 1, 2003 to March 31, 2003. Click OK.
  • The ledger that appears should be only for your account and should reflect the above purchasing activities. Print this ledger.
• Finally, list and explain the journal entries created by Peachtree for the transactions listed on the vendor ledger. Also, explain why the creation of the purchase order does not appear on the vendor ledger. Take your time. Do a good job. A significant part of your grade depends upon the quality of your written answer.

Due on Jan 30:

• Employee list with your name and Mallory Pearce added.
• PO temp1  (same as text, page 54)
• Checks 10211 (page 67) and 10212 (page 77)
• Extra check issued to Anderson Distribution for payment of PO # temp1.
• PO, two checks, and vendor ledger created in the "additional exercise."
• Answer to journal entry questions about the transactions posted to the vendor ledger.
• NOTE: A significant part of your grade depends upon the written answer. Take your time and do a good job.