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1) Change the company profile, Do Business As, to your Initials_YourStudentID (2 Marks) 2) Setup a new general ledger account, 1006 Bank Savings, using the same characteristics as the Bank Chequing account. (2 Marks) 3) Setup a batch name called Bank Transfer and create a journal entry to transfer $1,500 from Bank Chequing to Bank Savings. (4 Marks) 4) Check this batch to ensure accuracy, then print it and post it. (2 Marks) 5) Setup the next batch name as Sales Batch Entries and enter the next four entries. (2 Marks) 6) January 3, sold Consulting work from the electrical division to you in Ontario (enter your first and last name, e.g. Carl_Lapp) for $10,725, invoice #1008. (5 Marks) 7) January 4, sold services to Environmental Corp. in Ontario for $16,975, invoice #1012. If not already created, then create allocation accounts and post 40% of the sale to machinery division and 60% to electrical division. (6 Marks) 8) January 11, sold mechanical services for $9,545, invoice #1015, to Seneca Technical College (5 Marks). 9) January 14, sold electrical services for $13,550, invoice #1020, to The Sporting Centre and were paid immediately with cheque #942. (5 Marks) 10) Check this batch to ensure accuracy, then print it and post it. (2 Marks) 11) January 18, found an error in the Environmental Corp. sales entry from January 4, invoice #1012. The sales allocation should have been 20% to the machinery division and 80% to the electrical division. Reverse the original entry to correct this error. Print the reverse batch, post the batch, and print the new posting journal. (6 Marks) 12) Setup the next batch name as Purchase Batch Entries and enter the purchase related entries below. (2 Marks) 13) January 21, received invoice #1999 from Bell Canada for telephone costs of $2,250, to be paid within 30 days. The expense is split 50% for each of the machinery and electrical divisions. (5 Marks) 14) January 24, received invoice #2011 from Ultimate Insurance Protectors for insurance coverage for the factory of $2,375, to be paid in 30 days and applies strictly to the mechanical division. (5 Marks) 15) January 26, paid invoice #1999 from Bell Canada in full with cheque #3265. (5 Marks) 16) Check this batch to ensure accuracy, then print it and post it. (2 Marks) 17) At the end of the test, package the above printed batches, Posting Journal Report, Trial Balance Report, and OMNSYS and OMNDAT Sage 300 data files into your Answer_xx (where xx is your initials) folder in PDF file format and post to the Test 1 drop box. (5 Marks)

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