Question

Ul Estate Pypr ada nota Peachtree Exercise NEW COMPANY PRÁCTICA IX BUILD YOUR OWN COMPANY 501-5) 1. Introduction 1. Peachtree is a popular accounting software program used by many different kinds of organizations. It allows the user to quickly and easily create a chart of accounts for a new company. Once the chart of accounts is created, journal entries can be entered and financial statements can be quickly and easily prepared. 1 In this short exercise the student will create a chart of accounts for a new company and save the files to disk for later use in journalizing transactions and preparing financial statements. 1. Bringing up Peachtree 1. Click on the Windows Start Button. Select Programs. 2. Select Accounting Applications 3. Select Peachtree Complete Accounting Educational Version 4. Select Peachtree Complete Accounting 5. Close Peachtree Online Update window 1. Setting up a new company 1. Select Set Up a New Company 2. Go through the New Company Setup - Introduction Wizard 1. Company Information Page 1. In company name cell, select a name which contains your last name. 2. Write down your NAME Travel as you will have to retrieve this precise file. 3. Use 9800 College Way North, Seattle, WA 98103 as address. 4. Use 207-527-3830 for telephone number 5. Use Federal ID # of 81-1234567. Leave other tax ID cells blank. se 6. Select INDIVIDUAL as the form of business type. 7. Select Next 1. Chart of Accounts 1. Select default Set up a BUILD YOUR OWN COMPANY 1. Select the default Accrual Accounting 2. Select the default Real Time 3. For Accounting Periods select the default 12 monthly accounting periods 4. Select default Year 2009 and current month for accounting periods and fiscal year. 5. Accept the defaults relating to terms and inventory costing 6. At Congratulations window, select No I do not need the Setup Checklist 7. Select Finish Setup Checklist

Answer 1

Nozomi started A travel company ,

The journal entries are recorded for the business which nozomi started . The question is an activity which is to be solved in software but the main task is to feed journal entry in that software

The journal entries are of the company are explained in the attachment ,

Jiro Nozomi started company on april 1 2009

The accounts head are to made as per the activity sheet , and entries will be passed for  each account as mentioned in question

Journal entries are explained

As nozomi has invested cash of $40000 and computer equipment in the company , this cash and computer will be treated as nozomi capital

And from this $ 40000 cash nozomi has done all the transaction

please see the below attachment with all the journal entries