Professional Documents
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Business Software Applications
Business Software Applications
Exercise 1:
You are given the following data pertaining to the business operations of Courage Co. for the month
of April 2015. Using the eQual program, enter the appropriate transactions into the accounting
records. On April 1, 2015, Courage Co. had the following balances on his records: Cash $ 360;
Computer Equipment $ 2,150; Supplies $ 170; Accounts Payable $ 810; Capital $ 1,870.
During the month of April 2015 the following transactions occurred, (open sub-accounts when
needed):
April 2 Owner invested additional capital in cash $ 800.
April 5 Bought delivery van for $ 2,500 paying $ 700 in cash, and the remainder on account.
April 7 Paid rent for office space for the month of April, $ 175.
April 12 Made delivery services for cash $ 700.
April 18 Radio advertisements made at a cost of $ 210, on account.
April 25 Services rendered totaling $ 800, to Weber Furniture $ 300 and Jones Drug Store $ 500,
payments later.
April 28 Paid the amount due on accounts payable in cash.
April 31 Supplies on hand amounted to $ 150.
Required: Execute the closing voucher, after entering the above transactions
Exercise 2:
You are given the following data pertaining to the business operations of ICT Corporation, for the
month of December 2018. Using the eQual program, enter the appropriate transactions into the
accounting records.
On December 1, 2018, ICT Co. had the following balances on its records: Cash LBP 56,000;
Computer Equipment LBP 210,000; Supplies LBP 37,000; Accounts Payable LBP 81,000; Capital
LBP 222,000.
During the month of December 2018 the following transactions occurred, (open sub-accounts when
needed):
December 5 Bought delivery van for LBP 24,500 paying LBP 7,000 in cash, and the remainder on
account.
December 7 Paid rent for office space for the month of December, LBP 7,500.
December 25 Services rendered totaling LBP 28,000, to Alpha Trading LBP 13,000 and Plus Store
LBP 15,000, payments later.
Required: Execute the closing voucher, after entering the above transactions.