1. Create a Visa credit card account for both Jon and Alice.
2. Record the following credit cards transactions for Jon:
a. Office Supplies at Office Supplies Depot on the first of the month for $24 + tax.
b. Fuel at Fuel Stop on the 5th of this month for $68 + tax.
c. Supplies at Home Depot on the 10th of this month for $348 + tax.
d. Disposal Fees from Waste Unlimited on the 15th of this month for $97 + tax.
e. Meals and Entertainment from Sandwich Lunch Co. on the 17th of this month for $23.88 + tax.
3. Jon returned Supplies to Home Depot for $27.00 + tax. Record the credit card credit.
4. Enter a bill from Insurance Experts for liability insurance. Amount is $1200. This is not a taxable expense. Enter the transaction on the 20th of this month.
5. Karen from Insurance Experts realized the quote was overstated, so she issued a credit for $200. Apply the credit against the bill and pay the bill to Insurance Experts.
6. Green Tree Landscapes has rented some space to setup a landscape yard as they are growing quickly. They will pay rent of $2000 a month + tax to their new landlord, Brookstone Rentals. Add the new supplier and enter the expense for rent on the 28th of this month.
7. To automate this transaction, make this a recurring entry in QuickBooks on the first day of every month from the TCU Chequing account. The lease is indefinite so there will be no end date to the transaction.
