This page summarizes the assignments we will cover during the second class devoted to Peachtree.

• Complete all activities described in Chapter 3, pp. 81 - 116.
• Complete Exercises 3-1 and 3-2.
  • In exercise 3-2, you can skip step 3, printing customer ledgers.

Chapter 4

• Complete all activities described in Chapter 4, pp. 125 - 140.
• Complete Exercises 4-1 and 4-2.
• Explain the journal entries that are made for the payroll check in Exercise 4-1. Give account numbers, names and amounts. Remember, there are employer and employee accounts. Explain why Peachtree is debiting or crediting these accounts. Take your time. Do a good job. A significant part of your grade depends upon your written answers.

Additional Assignment - Chapter 3 & 4

• Enter your name as a new customer. In addition to ID, be sure to fill in the name, address, and City, ST, Zip fields.
  • Change credit terms to 3/10, net 45.
  • Enter sales tax code as GACOBB.
• Using yourself as customer, create and print a sales order for the following items. Quantities ordered follow the @ symbol. Use the default date of 3/15/03.
  • AVRY-10110 @ 4
  • FERT-16140 @ 3
  • SEGR-32100 @ 2
  • TOOL-35300 @ 1
• Convert the sales order to an invoice. The goods are shipped on March 20 for the quantities ordered. Print a sales invoice using "invoice plain" format.
• On March 29, full payment is received for the above sale. The payment reflects the 3% early payment discount. Post the payment to the system. Use your student ID number for the reference. (In reality, the reference would be the number on the customer's check.)
• Using yourself as customer, post a cash sale for the following one item, EQLW-14140. The date should be March 30. The listed unit price is $299.99. Compute a new price that is 3% lower and enter the discounted price. Use the first three digits of your social security number for the reference.
• Print a ledger for your customer account for the month of March 2003.
  • From the menu, select Reports | Accounts Receivable.
  • Scroll down and click on customer ledgers.
  • Once the ledger appears, click on the options button. In the Customer ID filter, under From and To, enter your customer 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 sales activities. Print this ledger.
• Finally, list and explain the journal entries created by Peachtree for the transactions listed on the customer ledger. Also, explain why the creation of the sales order does not appear on the vendor ledger.