Learning Exercises
YinYang is the company you build yourself. The Chapter 9 case study gives you the business and its transactions, with no step-by-step instructions, the way real bookkeeping arrives. Chapter 16 is the capstone.
Every exercise on this page is part of the Standard tier.
- 9Chapter 9Case Study: YinYang Graphic Design
- Create the company and enter its settings from Table 9-2.
- Set up Washington sales tax, the chart of accounts and three classes.
- Add the design services, the store's merchandise and a bundle.
- Enter a month of business, from MaryBeth's first deposit to the last bill.
- Import the bank feed and reconcile the checking account.
- Prepare eleven reports and answer the analysis questions.
Smart-graded reports
- Product/Service List
- Reconciliation Report
- Balance Sheet
- Profit and Loss (Accrual)
- Profit and Loss (Cash)
- Profit and Loss by Class
- Statement of Cash Flows
- A/R Aging Summary
- Sales by Product/Service Summary
- Profit and Loss by Client
- Sales Tax Liability
- 16Chapter 16Capstone Project: YinYang Graphic Design
- Set up the Marketing Lunch-and-Learn project for JJ's Boutique.
- Add Mandy Sandri as a contractor, and a 10% price rule for workshop clients.
- Enter the next month's business, including a barter with JJ's Boutique.
- Set up payroll for Hartley McGill in a payroll trial company, and run it.
- Prepare the reports and answer the analysis questions.
Smart-graded reports
- Lunch-and-Learn Project Profitability
- Profit and Loss for JJ's Boutique
- Estimates & Progress Invoicing Summary
- Inventory Valuation Summary
- Contractor Payments
- Sales Tax Liability
- Profit and Loss by Class
- Employee Details
- Total Payroll Cost
- Payroll Tax Payments
- Trial Balance
YinYang Graphic Design lives in a book
You keep its books in QuickBooks Online Step-by-Step, by Alicia Katz Pollock. Its exercises are part of the Standard tier. The student demo walks you through chapter 4 of the book, with no account.