SOFTWARE OBJECTIVES: In Chapter 11, you will use the software to:

1. Set up company information for Richard's Sales & Service.
2. Enter the following general ledger information: chart of accounts and beginning balances.
3. Enter the following accounts payable information: vendor defaults and vendor records.
4. Enter the following inventory information: inventory defaults, inventory items, and inventory beginning balances.
5. Record accounts payable transactions : merchandise purchases, purchase orders , cash purchases, and purchase returns.
6. Make four backups: 1) back up Chapter 11 beginning data; 2) back up Chapter 11 data; 3) back up Exercise 11-1; 4) back up Exercise 11-2.

WEB OBJECTIVES: In Chapter 11, you will do these Internet activities:

1. Use your Internet browser to go to the book's website at http://www.mhhe.com/yacht2005.
2. Go to the Internet Activity link on the book's website. Then, select WEB EXERCISES PART 3. Complete the first web exercise in Part 3—Accounting List.
3. Use a word processing program to write summaries of the websites that you visited.