DEVRY ACCT571 WEEK 7 LAB

Peachtree Lab 5 of 5: Month-End and Year-End Procedures

Remember This!

Connect to the Toolwire -Peachtree iLab here.

Note!

Submit your assignment to the Dropbox located on the silver tab at the top of this page.

(See Syllabus/"Due Dates for Assignments & Exams" for due dates.)

i L A B O V E R V I E W

Summary

In this Lab you continue using Peachtree Complete 2010 General Ledger Accounting Software. All of your work will be done using the following:

Practice Set: "Comprehensive Assurance & Systems Tool (CAST), An Integrated Practice Set, 2nd Ed., by Laura R. Ingraham and J. Gregory Jenkins. This Practice Set uses the "Winery at Chateau Americana" case project.

Peachtree Complete 2010 software available from the iLab tab under Course Home

This week's lab will focus on Month-End and Year-End Procedures.

Deliverables

Create a file named PT_Lab_5_LastName_FirstInitial.docx. It should contain screen prints of your work as indicated in the lab steps.

i L A B S T E P S

STEP 1: Preparation

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Open a Word document and save it as PT_Lab_5_LastName_FirstInitial.docx. This is where you will paste your screen shots of your progress through this Lab.

At the top of the Word document, add the following:

Your Name

Your Instructor's name

Course Number

Date

Peachtree Lab 5

When indicated in the lab steps, take a screenshot of your computer screen and paste it to this file. At the end of the Lab, you will upload this Word document containing the screen shots to this week's Lab dropbox.

Tutorial icon Review the Tutorials: "Financial Statements" and "Adjusting Entries in Financial Statements"

Use Transaction Set A

Start Peachtree: Open the iLab Tab in Course Home and then click on the "Toolwire" link.

STEP 2: Month-End Procedures

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Starting on page Computerized AIS-78: "MONTH-END PROCEDURES", complete Steps 1-4. (pages Computerized AIS-78 thru 79)

Bring up the Trial Balance Screen, take a print screen and paste it to your Word document.

Label this screenshot – "Month-End"

Note: You can close the file and Peachtree will automatically save your work.

STEP 3: Year-End Procedures

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Starting on page Computerized AIS-80: "YEAR-END PROCEDURES", complete Steps 1 and 2.

Go to financial statements and bring up the balance sheet, take a print screen and paste it to your Word document.

Label this screenshot – "Year-End Balance Sheet"

Go back the financial statements and bring up an income statement, take a print screen and paste it to your Word document.

Label this screenshot – "Year-End Income Statement"

Note: You can close the file and Peachtree will automatically save your work.

STEP 4: Submitting the Deliverables

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Close Peachtree and your work will be automatically saved by Peachtree.

Deliverable

Save your Word document containing your two screen shot.

Submit the Word document to this week's Lab dropbox.