Specifications

Chapter 4. Accounts Receivable
140 Dim11
Accounts Receivable Exercises
The following exercises are intended to test your knowledge of the A/R customer
files and how certain features are set up.
Each of the 8 problems has a specific solution which can be found in Appendix B.
Self-check at the end of the exercises.
1. Add an account to track COD deliveries.
2. Add a new charge account for Angie Smith Construction. The address is 3215
South Division Street. This account has 2% 10
th
terms, regular state tax,
contractor class, regular retail price, and is a house account. The bookkeeper
has indicated his preference to have separate statements for each job.
3. Add two job accounts for Angie Smith Construction. The first one is for Lot 31
- Maple Woods and the second is for Lot 45 - Tall Oaks.
4. The bookkeeper from Angie Smith Construction calls to give you their new
mailing address. They now have a P.O. Box 3526 in addition to their street
address. Change the accounts to have the new mailing address.
5. Print a name and address list for customer numbers 1 through 150.
6. Add a terms code. This terms code will allow 2% discount if paid by the 10
th
,
net is due on the 25
th
. It will also apply a late change of 18% (annual)
beginning on 1-30 days past due.
7. Add a tax code. The G/L account is 2380 and the tax is 5%.
8. Change the credit limit type field on the main account for Angie Smith
Construction to use T (total job balances plus on order amount plus account
balances) to see if limit has been exceeded.