International Development homework help
International Development homework help. On December 1, 2014, Larry and Samantha West formed a corporation called Farm Branch Rentals.ÿThe new corporation was able to begin operations immediately by purchasing the assets and taking over the location of LMNOP Rentals, an equipment rental company that was going out of business.ÿThe newly formed company uses the following chart of accounts:Set up the new company Farm Branch Rentals in theÿcomputerized accounting systemÿsoftware you selectedÿwith the information in the table that follows.Set up the chart of accounts listed below;ÿcurrently all accounts are going to begin with a zero balance.Run an accounts listing of the chart of accounts and save in PDF format for submission.Chart of AccountsCashIncome Taxes PayableAccounts ReceivableCommon/Capital StockPrepaid RentRetained EarningsPrepaid InsuranceDividendsOffice SuppliesRental Fees EarnedRental EquipmentSalaries ExpenseAccumulated Depreciation: Rental EquipmentUtilities ExpenseNotes PayableRent ExpenseAccounts PayableOffice Supplies ExpenseInterest PayableDepreciation ExpenseSalaries PayableInterest ExpenseDividends PayableIncome Taxes ExpenseDividend ExpenseUnearned Rental FeesFor full-credit, submit a PDF fromÿthe computerized accounting system selectedÿshowing that the following steps have been completed correctly:Set up an account for the new company using the computerized accounting system selected.Use December 2014 as the first accounting period for the computerized accounting system selected.Revise, and set up the chart of accounts to match the chart of accounts provided by Samantha and Larry.After opening the company,Click “Company” from the menu bar,Then click “Chart of Accounts” in the Company section of the Home page.Right click the account, then select “Edit Account.”Run an account listing prior to saving.From the menu at the top of the window, select File & Save as PDF.Save the file as P1-IP_LASTNAME on your computer or external device.Submit your PDF.Please submit your assignment.For assistance with your assignment, please use your text, Web resources, and all course materials.