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Acc/250 Time and Billing Assignment

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Exercise 8-1
1. Stone Arbor Landscaping’s standard hourly billing rate for Installing hardscape for commercial customers is: $60
The standard hourly billing rate for installing hardscape is found by clicking Inventory & Services from the Navigation Bar. Next, click on Inventory Items then, View and Edit Inventory Items. Inventory List window will appear. Double click on INSTL HATRD – COMM. The Maintain Inventory Items window will appear. You will find the hourly billing rate of $60 shown in the Billing Rate #1 field
2. The tax status for installing hardscape for commercial customers is: Regular
The tax status for installing hardscape is found by clicking Inventory & Services from the Navigation Bar. Next, click on Inventory Items then, View and Edit Inventory Items. Inventory List window will appear. Double click on INSTL HATRD – COMM. The Maintain Inventory Items window will appear. The tax status is found in the Item Tax Type field.
3. The general ledger account used for hardscape commercial is: 40000-HS
The general ledger account number is found by clicking Inventory & Services from the Navigation Bar. Next, click on Inventory Items then, View and Edit Inventory Items. Inventory List window will appear. Double click on INSTL HATRD – COMM. The Maintain Inventory Items window will appear. The general ledger account is found in the GL Income Acct.
4. The Item identification for installing hardscape for a commercial customer is: INSTL HARD-COMM
From the Navigation Bar click, Inventory & Services; Inventory Items, View and Edit Inventory Items. Double click INSTL HARD-COMM. The Maintain Inventory Items window will appear. In the Item ID field you will find the item identification for installing hardscape for a commercial customer.

Exercise 8-2
1. O’Hara Homes 3/13/10 sales invoice is in the amount of? $15,289.31
From the Navigation Bar, click Customers &

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