MorsonBooks

Notes
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Instructions
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 MorsonBooks
Notes
DO NOT DELETE OR MODIFY any line or any worksheet from this entire program.
A/C # and Grouping Code columns are critical for the program to function. DO NOT DELETE OR MODIFY.

When entering journal entries in the journal, you may choose to # each entry using the 1st column, titled "#".
When you purchase an item with HST, use HST recoverable; when you sell something with HST, use HST
payable.
If you are unable to find an exact account name, USE THE CLOSEST ONE FROM THE DROPDOWN MENU.
Note slight differences in account names. For example, "supplies" is an asset account, whereas "supplies
expense" is an expense account.
Accounts are numbered as follows:
Assets: 1000s
Liabilities: 2000s
Owner's Equities: 3000s
Revenues: 4000s
COGS: 5000s
Operating Expenses: 5000s

Instructions
When using MorsonBooks for the 1st time, enter your name and related info in the info worksheet.
Save the program in your home drive using the name "MorsonBooks - FirstName LastName"
If the question gives the starting trial balance info, enter it in the "Starting Trial Balance" worksheet. If you
When starting
have been each
taught toquestion,
journalizeenter thetrial
starting company name,
balance, thenyear end, and
journalize thethe
it as year injournal
first the infoentry
worksheet
in the
"Journal".
In
In the
the journal
journal worksheet,
worksheet, enter
enter the entry # inby
transactions the # column.
selecting the correct account in the accounts column. USE THE
DROPDOWN MENU.
Enter the amounts in the DR and CR columns respectively.
Notice that the A/C # column gets updated automatically.
Leave a blank line after every journal entry.
Print out the journal. When printing the journal, be careful in selecting which pages to print.
In the trial balance worksheet, use the filter logic to DESELECT "false".
Print out the trial balance.
In the balance sheet worksheet, use the filter logic to DESELECT "false".
Print out the balance sheet.
In the income statement worksheet, use the filter logic to DESELECT "false".
Print out the income statement.
After printing out all the work, go to each filter logic and SELECT "false".
Enter the following info when you start using this program for the first time:

Title Your Info

Student Name Roberto Morson

Course Name Accounting
Course Code BAF3M
Teacher Mr. Morson
School West Humber CI

Enter the following info every time you start a new question:

Title Question Info

Company Name 123456789 International Development Corporation

Period End Date September 30, 2013
Year 2013
 123456789 International Development Corporation
Trial Balance
Roberto Morson

A/C # GroupiAccount Name DR

1000 100 Bank/Cash

1001 100 Petty cash
1002 100 Cash on hand
1003 100 Other cash
1010 100 Term deposits
1020 120 Accounts receivable
1021 120 Allowance for doubtful accounts
1022 120 Accounts receivable - other
1030 125 Interest receivable
1035 130 Notes receivable
1036 130 Allowance for doubtful notes
1040 135 HST recoverable
1050 137 Supplies
1051 140 Inventory
1052 150 Loan receivable
1053 155 Income taxes receivable
1054 160 Prepaid insurance
1055 160 Prepaid rent
1056 160 Prepaid - others
1070 175 Investments
1500 180 Land
1501 180 Building
1502 180 Automobiles
1503 180 Computer equipment
1504 180 Software
1505 180 Office furniture / equipment
1506 180 Manufacturing equipment
1507 180 Leasehold improvements
1601 181 Acc depreciation - Building
1602 181 Acc depreciation - Automobiles
1603 181 Acc depreciation - Computer equipment
1604 181 Acc depreciation - Software
1605 181 Acc depreciation - Office furniture / equipment
1606 181 Acc depreciation - Manufacturing equipment
1607 181 Acc depreciation - Leasehold improvements
1700 190 Goodwill
1701 195 Incorporation costs
2000 200 Short term bank loans
2001 205 Short term other loans
2100 207 Unearned revenue
2200 210 Accounts payable
2201 211 Interest payable
2202 212 Notes payable
2203 211 Accounts payable - other
2204 220 Salaries payable
2205 220 Tax deductions payable
2300 230 Income taxes payable
2301 225 HST payable
2400 206 Current portion of long term bank loans
2410 246 Dividends payable
2420 250 Long term bank loans
2421 251 Long term other loans
2422 252 Mortgage payable
2430 255 Deferred income taxes
3000 300 Owner's capital
3001 301 Owner's investment
3002 302 Owner's drawings
3100 310 Common shares
3200 320 Preferred shares
3300 330 Retained earnings
3400 340 Dividends
4000 400 Revenue
4001 400 Sales
4002 400 Service revenue
4003 400 Fees earned
4004 401 Interest income
4005 402 Other sales
4006 400 Commissions
4007 402 Other income
4100 403 Sales discounts
4101 404 Sales returns and allowances
5000 490 Inventory - opening
5001 491 Purchases
5002 492 Purchase discounts
5003 493 Purchase returns and allowances
5004 494 Inventory - ending
5100 500 Advertising expense
5101 501 Promotion expense
5102 501 Meals and entertainment expense
5103 501 Meetings and conventions expense
5150 505 Depreciation expense - building
5151 505 Depreciation expense - automobiles
5152 505 Depreciation expense - computer equip
5153 505 Depreciation expense - software
5154 505 Depreciation expense - office furniture
5155 505 Depreciation expense - mfg equipment
5156 505 Depreciation expense - leasehold impmts
5200 510 Automobile expense
5250 515 Bad debts expense
5300 520 Bank service charges / expense
5351 525 General and administrative expense
5352 525 Research and development expense
5400 530 Insurance expense
5450 535 Interest expense
5500 525 Office expense
5501 525 Membership expense
5502 540 Franchise expense
5504 540 Royalty expense
5505 540 License expense
5506 525 Training expense
5507 545 Supplies expense
5508 525 Computer related expense
5509 525 Delivery, freight, and express expense
5510 525 Stationery expense
5511 525 Other / miscelleneous expense
5550 540 Accounting expense
5551 540 Legal expense
5552 540 Appraisal expense
5553 540 Brokerage expense
5554 540 Management and administration expense
5555 540 Other professional expense
5556 540 Consulting expense
5600 550 Rent expense
5601 550 Maintenance expense
5602 550 Property tax expense
5603 550 Utilities expense
5604 550 Equipment rental expense
5605 550 Storage expense
5606 550 Repairs and maintenance expense
5650 555 Salaries and wages expense
5651 555 Subcontracts expense
5700 570 Telephone expense
5701 570 Internet expense
5750 575 Travel expense
5800 580 Income taxes expense

0
Corporation

CR
0
Filter Logic
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 123456789 International Development Corporation
JOURNAL
Roberto Morson Mr. Morson

Date A/C # Accounts $ Amount

DR
Corporation

Mr. Morson

$ Amount
CR
 123456789 International Development Corporation
TRIAL BALANCE AS AT September 30, 2013
Roberto Morson Mr. Morson

A/C # GroupiAccount Name DR

1000 100 Bank/Cash 0

1001 100 Petty cash 0
1002 100 Cash on hand 0
1003 100 Other cash 0
1010 100 Term deposits 0
1020 120 Accounts receivable 0
1021 120 Allowance for doubtful accounts 0
1022 120 Accounts receivable - other 0
1030 125 Interest receivable 0
1035 130 Notes receivable 0
1036 130 Allowance for doubtful notes 0
1040 135 HST recoverable 0
1050 137 Supplies 0
1051 140 Inventory 0
1052 150 Loan receivable 0
1053 155 Income taxes receivable 0
1054 160 Prepaid insurance 0
1055 160 Prepaid rent 0
1056 160 Prepaid - others 0
1070 175 Investments 0
1500 180 Land 0
1501 180 Building 0
1502 180 Automobiles 0
1503 180 Computer equipment 0
1504 180 Software 0
1505 180 Office furniture / equipment 0
1506 180 Manufacturing equipment 0
1507 180 Leasehold improvements 0
1601 181 Acc depreciation - Building
1602 181 Acc depreciation - Automobiles
1603 181 Acc depreciation - Computer equipment
1604 181 Acc depreciation - Software
1605 181 Acc depreciation - Office furniture / equipment
1606 181 Acc depreciation - Manufacturing equipment
1607 181 Acc depreciation - Leasehold improvements
1700 190 Goodwill
1701 195 Incorporation costs
2000 200 Short term bank loans
2001 205 Short term other loans
2100 207 Unearned revenue
2200 210 Accounts payable
2201 211 Interest payable
2202 212 Notes payable
2203 211 Accounts payable - other
2204 220 Salaries payable
2205 220 Tax deductions payable
2300 230 Income taxes payable
2301 225 HST payable
2400 206 Current portion of long term bank loans
2410 246 Dividends payable
2420 250 Long term bank loans
2421 251 Long term other loans
2422 252 Mortgage payable
2430 255 Deferred income taxes
3000 300 Owner's capital
3001 301 Owner's investment
3002 302 Owner's drawings 0
3100 310 Common shares
3200 320 Preferred shares
3300 330 Retained earnings
3400 340 Dividends 0
4000 400 Revenue
4001 400 Sales
4002 400 Service revenue
4003 400 Fees earned
4004 401 Interest income
4005 402 Other sales
4006 400 Commissions
4007 402 Other income
4100 403 Sales discounts 0
4101 404 Sales returns and allowances 0
5000 490 Inventory - opening 0
5001 491 Purchases 0
5002 492 Purchase discounts
5003 493 Purchase returns and allowances
5004 494 Inventory - ending 0
5100 500 Advertising expense 0
5101 501 Promotion expense 0
5102 501 Meals and entertainment expense 0
5103 501 Meetings and conventions expense 0
5150 505 Depreciation expense - building 0
5151 505 Depreciation expense - automobiles 0
5152 505 Depreciation expense - computer equip 0
5153 505 Depreciation expense - software 0
5154 505 Depreciation expense - office furniture 0
5155 505 Depreciation expense - mfg equipment 0
5156 505 Depreciation expense - leasehold impmts 0
5200 510 Automobile expense 0
5250 515 Bad debts expense 0
5300 520 Bank service charges / expense 0
5351 525 General and administrative expense 0
5352 525 Research and development expense 0
5400 530 Insurance expense 0
5450 535 Interest expense 0
5500 525 Office expense 0
5501 525 Membership expense 0
5502 540 Franchise expense 0
5504 540 Royalty expense 0
5505 540 License expense 0
5506 525 Training expense 0
5507 545 Supplies expense 0
5508 525 Computer related expense 0
5509 525 Delivery, freight, and express expense 0
5510 525 Stationery expense 0
5511 525 Other / miscelleneous expense 0
5550 540 Accounting expense 0
5551 540 Legal expense 0
5552 540 Appraisal expense 0
5553 540 Brokerage expense 0
5554 540 Management and administration expense 0
5555 540 Other professional expense 0
5556 540 Consulting expense 0
5600 550 Rent expense 0
5601 550 Maintenance expense 0
5602 550 Property tax expense 0
5603 550 Utilities expense 0
5604 550 Equipment rental expense 0
5605 550 Storage expense 0
5606 550 Repairs and maintenance expense 0
5650 555 Salaries and wages expense 0
5651 555 Subcontracts expense 0
5700 570 Telephone expense 0
5701 570 Internet expense 0
5750 575 Travel expense 0
5800 580 Income taxes expense 0

0
Corporation
13
Mr. Morson

CR

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0
Filter Logic
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Roberto Morson Mr. Morson

123456789 International Development Corporation

BALANCE SHEET
AS AT September 30, 2013

2013
$
ASSETS
Current
Bank/Cash -
Accounts receivable -
Notes receivable -
Interest receivable -
HST recoverable -
Supplies -
Inventory -
Loans receivable -
Income taxes receivable -
Prepaids -
Investments -
-

Long-term
Property, plant, and equipment -
Accumulated depreciation - PPE -
Goodwill -
Incorporation costs -
-

$ -

LIABILITIES
Current
Short term bank loans -
Short term other loans -
Current portion of long term bank loans -
Unearned revenue -
Accounts payable -
Interest payable -
Notes payable -
Salaries payable -
HST payable -
Income taxes payable -
Dividends payable -
-

Long-term
Long term bank loans -
 Long term other loans -
Mortgages payable -
Deferred income taxes -
-
-

OWNER'S EQUITY
Owner's capital -
Owner's investment -
Owner's drawings -
Common shares -
Preferred shares -
Retained earnings -
Dividends -
Net income -
-

$ -
Grouping Code Filter Logic
1
1
1
100 0
120 0
130 0
125 0
135 0
137 0
140 0
150 0
155 0
160 0
175 0
0
1
1
180 0
181 0
190 0
195 0
0
1
0
1
1
1
200 0
205 0
206 0
207 0
210 0
211 0
212 0
220 0
225 0
230 0
246 0
0
1
1
250 0
251 0
252 0
255 0
0
0
1
1
300 0
301 0
302 0
310 0
320 0
330 0
340 0
0
0
1
0
Roberto Morson Mr. Morson

123456789 International Development Corporation

INCOME STATEMENT
FOR THE YEAR ENDING September 30, 2013

2013
$
Revenue
Revenue -
Interest income -
Other income -
Sales discounts -
Sales returns and allowances -
$ -

Cost of goods sold

Inventory - opening -
Purchases -
Purchase discounts -
Purchase returns and allowances -
Inventory - ending -
Cost of goods sold -

Gross profit -

Operating expenses
Advertising -
Depreciation -
Automobile expenses -
Bad debts -
Bank service charges -
Insurance expense -
Interest -
Office expenses -
Promotion -
Professional fees -
Rent and maintenance -
Salaries expense -
Supplies expense -
Telephone and internet -
Travel -
-

Income before income taxes -

Income taxes expense -

Net income for the year $ -

Grouping Code Filter Logic
1
1
400 0
401 0
402 0
403 0
404 0
0
1
1
490 0
491 0
492 0
493 0
494 0
0
1
0
1
1
500 0
505 0
510 0
515 0
520 0
530 0
535 0
525 0
501 0
540 0
550 0
555 0
545 0
570 0
575 0
0
1
0
1
580 0
1
0
A/C Number Account Name

1000 Bank/Cash
1001 Petty cash
1002 Cash on hand
1003 Other cash
1010 Term deposits
1020 Accounts receivable
1021 Allowance for doubtful accounts
1022 Accounts receivable - other
1030 Interest receivable
1035 Notes receivable
1036 Allowance for doubtful notes
1040 HST recoverable
1050 Supplies
1051 Inventory
1052 Loan receivable
1053 Income taxes receivable
1054 Prepaid insurance
1055 Prepaid rent
1056 Prepaid - others
1070 Investments
1500 Land
1501 Building
1502 Automobiles
1503 Computer equipment
1504 Software
1505 Office furniture / equipment
1506 Manufacturing equipment
1507 Leasehold improvements
1601 Acc depreciation - Building
1602 Acc depreciation - Automobiles
1603 Acc depreciation - Computer equipment
1604 Acc depreciation - Software
1605 Acc depreciation - Office furniture / equip
1606 Acc depreciation - Manufacturing equipme
1607 Acc depreciation - Leasehold improvemen
1700 Goodwill
1701 Incorporation costs
2000 Short term bank loans
2001 Short term other loans
2100 Unearned revenue
2200 Accounts payable
2201 Interest payable
2202 Notes payable
2203 Accounts payable - other
2204 Salaries payable
2205 Tax deductions payable
2300 Income taxes payable
2301 HST payable
2400 Current portion of long term bank loans
2410 Dividends payable
2420 Long term bank loans
2421 Long term other loans
2422 Mortgage payable
2430 Deferred income taxes
3000 Owner's capital
3001 Owner's investment
3002 Owner's drawings
3100 Common shares
3200 Preferred shares
3300 Retained earnings
3400 Dividends
4000 Revenue
4001 Sales
4002 Service revenue
4003 Fees earned
4004 Interest income
4005 Other sales
4006 Commissions
4007 Other income
4100 Sales discounts
4101 Sales returns and allowances
5000 Inventory - opening
5001 Purchases
5002 Purchase discounts
5003 Purchase returns and allowances
5004 Inventory - ending
5100 Advertising expense
5101 Promotion expense
5102 Meals and entertainment expense
5103 Meetings and conventions expense
5150 Depreciation expense - building
5151 Depreciation expense - automobiles
5152 Depreciation expense - computer equip
5153 Depreciation expense - software
5154 Depreciation expense - office furniture
5155 Depreciation expense - mfg equipment
5156 Depreciation expense - leasehold impmts
5200 Automobile expense
5250 Bad debts expense
5300 Bank service charges / expense
5351 General and administrative expense
5352 Research and development expense
5400 Insurance expense
5450 Interest expense
5500 Office expense
5501 Membership expense
5502 Franchise expense
5504 Royalty expense
5505 License expense
5506 Training expense
5507 Supplies expense
5508 Computer related expense
5509 Delivery, freight, and express expense
5510 Stationery expense
5511 Other / miscelleneous expense
5550 Accounting expense
5551 Legal expense
5552 Appraisal expense
5553 Brokerage expense
5554 Management and administration expense
5555 Other professional expense
5556 Consulting expense
5600 Rent expense
5601 Maintenance expense
5602 Property tax expense
5603 Utilities expense
5604 Equipment rental expense
5605 Storage expense
5606 Repairs and maintenance expense
5650 Salaries and wages expense
5651 Subcontracts expense
5700 Telephone expense
5701 Internet expense
5750 Travel expense
5800 Income taxes expense
A/C Number and Name Grouping Code

1000 (Bank/Cash) 100

1001 (Petty cash) 100
1002 (Cash on hand) 100
1003 (Other cash) 100
1010 (Term deposits) 100
1020 (Accounts receivable) 120
1021 (Allowance for doubtful accounts) 120
1022 (Accounts receivable - other) 120
1030 (Interest receivable) 125
1035 (Notes receivable) 130
1036 (Allowance for doubtful notes) 130
1040 (HST recoverable) 135
1050 (Supplies) 137
1051 (Inventory) 140
1052 (Loan receivable) 150
1053 (Income taxes receivable) 155
1054 (Prepaid insurance) 160
1055 (Prepaid rent) 160
1056 (Prepaid - others) 160
1070 (Investments) 175
1500 (Land) 180
1501 (Building) 180
1502 (Automobiles) 180
1503 (Computer equipment) 180
1504 (Software) 180
1505 (Office furniture / equipment) 180
1506 (Manufacturing equipment) 180
1507 (Leasehold improvements) 180
1601 (Acc depreciation - Building) 181
1602 (Acc depreciation - Automobiles) 181
1603 (Acc depreciation - Computer equipment) 181
1604 (Acc depreciation - Software) 181
1605 (Acc depreciation - Office furniture / equipment) 181
1606 (Acc depreciation - Manufacturing equipment) 181
1607 (Acc depreciation - Leasehold improvements) 181
1700 (Goodwill) 190
1701 (Incorporation costs) 195
2000 (Short term bank loans) 200
2001 (Short term other loans) 205
2100 (Unearned revenue) 207
2200 (Accounts payable) 210
2201 (Interest payable) 211
2202 (Notes payable) 212
2203 (Accounts payable - other) 211
2204 (Salaries payable) 220
2205 (Tax deductions payable) 220
2300 (Income taxes payable) 230
2301 (HST payable) 225
2400 (Current portion of long term bank loans) 206
2410 (Dividends payable) 246
2420 (Long term bank loans) 250
2421 (Long term other loans) 251
2422 (Mortgage payable) 252
2430 (Deferred income taxes) 255
3000 (Owner's capital) 300 2700
3001 (Owner's investment) 301 2701
3002 (Owner's drawings) 302 2702
3100 (Common shares) 310 2800
3200 (Preferred shares) 320 2810
3300 (Retained earnings) 330 2820
3400 (Dividends) 340 2830
4000 (Revenue) 400
4001 (Sales) 400
4002 (Service revenue) 400
4003 (Fees earned) 400
4004 (Interest income) 401
4005 (Other sales) 402
4006 (Commissions) 400
4007 (Other income) 402
4100 (Sales discounts) 403
4101 (Sales returns and allowances) 404
5000 (Inventory - opening) 490
5001 (Purchases) 491
5002 (Purchase discounts) 492
5003 (Purchase returns and allowances) 493
5004 (Inventory - ending) 494
5100 (Advertising expense) 500
5101 (Promotion expense) 501
5102 (Meals and entertainment expense) 501
5103 (Meetings and conventions expense) 501
5150 (Depreciation expense - building) 505
5151 (Depreciation expense - automobiles) 505
5152 (Depreciation expense - computer equip) 505
5153 (Depreciation expense - software) 505
5154 (Depreciation expense - office furniture) 505
5155 (Depreciation expense - mfg equipment) 505
5156 (Depreciation expense - leasehold impmts) 505
5200 (Automobile expense) 510
5250 (Bad debts expense) 515
5300 (Bank service charges / expense) 520
5351 (General and administrative expense) 525
5352 (Research and development expense) 525
5400 (Insurance expense) 530
5450 (Interest expense) 535
5500 (Office expense) 525
5501 (Membership expense) 525
5502 (Franchise expense) 540
5504 (Royalty expense) 540
5505 (License expense) 540
5506 (Training expense) 525
5507 (Supplies expense) 545
5508 (Computer related expense) 525
5509 (Delivery, freight, and express expense) 525
5510 (Stationery expense) 525
5511 (Other / miscelleneous expense) 525
5550 (Accounting expense) 540
5551 (Legal expense) 540
5552 (Appraisal expense) 540
5553 (Brokerage expense) 540
5554 (Management and administration expense) 540
5555 (Other professional expense) 540
5556 (Consulting expense) 540
5600 (Rent expense) 550
5601 (Maintenance expense) 550
5602 (Property tax expense) 550
5603 (Utilities expense) 550
5604 (Equipment rental expense) 550
5605 (Storage expense) 550
5606 (Repairs and maintenance expense) 550
5650 (Salaries and wages expense) 555
5651 (Subcontracts expense) 555
5700 (Telephone expense) 570
5701 (Internet expense) 570
5750 (Travel expense) 575
5800 (Income taxes expense) 580