CHAPTER 12, ASSESSMENT RUBRIC ANSWER
Date
Transaction
Navigation
Center/Module
Task
Window
Journal
Dr./Cr.
1/4/19
Invoice No. 480CP was
received from Charles
Peterson Tools for the
purchase of 10 tool kits
for a unit cost of $30.
Vendors &
Purchases >
Enter Bills > New
Bill
Accounts
Payable
Purchases/Receive
Inventory window
Purchases
Journal
Dr. 12000,
Merchandise
Inventory, $300
Cr. 20000,
Accounts
Payable/Charles
Peterson Tools,
$300
1/6/19
Returned two tool kits
to Charles Peterson
Tools, Invoice No.
480CP. Paid $30 for
each tool kit:
VCM480CP.
Vendors &
Purchases >
Credits and
Returns > New
Vendor Credit
Memo
Accounts
Payable
Vendor Credit
Memos window
Purchases
Journal
Dr. 20000,
Accounts
Payable/Charles
Peterson Tools,
$60
Cr. 12000,
Merchandise
Inventory, $60
1/11/19
Issued Check No. 2021
to Charles Peterson
Tools for merchandise
purchased on January
3, less the January 6
return, Invoice No.
480CP.
Vendors &
Purchases > Pay
Bills > Pay Bill
Accounts
Payable
Payments window
Cash
Disbursements
Journal
Dr. 20000,
Accounts
Payable/Charles
Peterson Tools,
$240.
Cr. 59500,
Purchase
Discounts, $4.80
Cr. 10200,
Boulevard Bank,
$235.20, Check
No. 2021