A.3.7 Record a Donation | Scribe

    A.3.7 Record a Donation

    • 21 steps
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    Start in the Sample company.
    1
    To complete this exercise, you must be in the Sample company. From your QBOA account, click on the Gear icon on the top right corner of the screen, then select Sample company.
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    Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm.

    Sales Receipt

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    We start by creating a zero-dollar Sales Receipt.
    2
    Click the "+New" button.
    3
    Click "Sales receipt".
    4
    In the Customer field, select "Dukes Basketball Camp".
    5
    In the Product/Service field, select "Rock Fountain".
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    We are giving this way, so the amount is zero.
    6
    In the Rate field, type "0".
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    We need to check the Transaction Journal, so do not click Save and close.
    7
    Click the black "Save" button.
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    Now let's pull up the Transaction Journal.
    8
    Click "More".
    9
    Click "Transaction journal".
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    You may need to close a popup.
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    Note that the amount debited the Cost of Goods Sold account is $125.00. This is the amount you will need to credit in your Journal Entry.

    Journal Entry

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    Now we'll create the Journal Entry that moves the money from COGS to the Donation account.