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ANSWER TO BELLWETHER GARDEN SUPPLY PROJECT
The Bellwether Garden Supply project can be accessed by students at
www.mhhe.com/yacht2019 > Student Edition link. More extensive answers, including
additional screen captures, are at www.mhhe.com/yacht2019 > link to Instructor Edition
> Answers to Bellwether Garden Supply Project.
After restoring the Exercise 6-2 file, answer the following questions about Bellwether
Garden Supply.
1. Examine Bellwether Garden Supply’s chart of accounts. Are all of the account
types in conformance with usual accounting procedures? If not, list the accounts
that could be classified differently.
ANSWER:
2. What is the balance in Account No. 89500, Purchase Disc-Expense Items? Is it a
debit or credit balance? Why? (Hint: Display the General Ledger report > select
Options. In the Time Frame period, select All. Select the filter GL Account ID
from 89500 to 89500.) Explain.
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ANSWER:
The Purchase Discounts account is identified as Account No. 89500 and it has a
$10.11 credit balance. The account classification for Purchase Discounts is
usually Cost of Sales, not an Expense account.
3. How do you compute the sales discount? How does Sage 50 compute the sales
discount?
ANSWER:
4. How do you change a sales discount?
ANSWER:
5. What types of entries are recorded in Bellwether’s general journal?
ANSWER:
Some examples are transfers between accounts, setting up the petty cash
account, and a fixed asset adjusting entry for depreciation expense and
accumulated depreciation.
Inventory
Accounts Receivable
Sales/Invoicing
Sales Journal
Accounts Payable
Payments
Cash Disbursements
Journal
Accounts Receivable
Receive Money
Cash Receipts Journal
General Ledger
General Journal Entry
General Journal
Payroll
Payroll Entry
Payroll Journal
Journal
6. How does Sage 50 identify these windows? Identify the software module and
journal.
Module
Window
Journal
Purchases/Receive
Inventory
Sales/Invoicing
Payments
Receive Money
General Journal Entry
Payroll Entry
Inventory Adjustments
ANSWER:
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2) From the System Navigation Center, select the Back Up Now button or
Restore Now button.
8. On the Payroll Entry window, what are the differences between the amounts in
the Taxes-Benefits-Liability area that have minus signs in front of them and
amounts that do not show a minus sign?
ANSWER:
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9. Does Bellwether track Overtime pay in a separate account? Briefly explain.
ANSWER:
10. What type of Accounting Method does Bellwether use? How do you find that out
and what does it mean?
ANSWER:
11. What is the Business Status Navigation Center? Can it be customized? Does the
Business Status Center show your security settings? Can access be limited to
the Sage 50’s Navigation Centers?
ANSWER:
The Sage 50 Business Status Center displays a variety of general business
information, including account balances, revenue figures, receivables and
payables data, and action items. It also includes a feature that lets you find,
display, and/or print a Sage 50 report.
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12. Is the net income shown on the Business Status Navigation Center for the month
or year to date? How do you check that?
ANSWER:
13. What report verifies the balance in Account No. 11000 Accounts Receivable?
What is the Accounts Receivable balance in the General Ledger and in the
Customer Ledgers? Why is there a difference? (Hint: Look in the journals for
Customers & Sales module.)
ANSWER:
On the General Ledger Trial Balance, the 3/31/19 balance for Account No.
11000, Accounts Receivable, is $176,026.47. Drill down from the General Ledger
Trial balance to the controlling account in the general ledger. Account No. 11000,
Accounts Receivable shows the same balance, $176,026.47.
Go to the Customer Ledgers to see a different balance of $176,154.02.
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14. What report verifies the balance in Account No. 20000 Accounts Payable? What
is the Accounts Payable balance in the General Ledger and in the Vendor
Ledgers? Why is there a difference? (Hint: Look in the journals for Vendors &
Payables module.)
ANSWER:
On the General Ledger Trial Balance and within the controlling account in the
general ledger the balance in Account No. 20000, Account Payable, is
$80,852.01.
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15. If you want to view a report that shows the changes made to maintenance items
and transactions, what report would you look at?
ANSWER:
