Cy Walker invests $40,000 of his personal savings into Mookie the Beagle Concierge. MTB Concierge needs...
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Cy Walker invests $40,000 of his personal savings into Mookie the Beagle Concierge. MTB Concierge needs to record the deposit using QBO. Required: 1. Record the Deposit. a. Select (+) New icon > Bank Deposit b. Select Account: 1001 Checking c. Select Payment Date: 01/01/2024 d. In the Add Funds to This Deposit section, select Account: 3003 Owner Investments e. Select Payment Method: Check f. Enter Reference Number: 5001 g. Enter Amount: 40000.00 h. What type of account is Owner Investments? i. Select Save and close h. Type of account Equity 2. View the Transaction Journal for the Deposit. a. From the Navigation Bar, select Accounting b. From the Chart of Accounts, select Checking > View Register > select the Deposit just entered > Edit c. From the bottom of the screen, select More > Transaction Journal d. What are the Account and Amount Debited? Note: Answer this question in the table shown below. Round your answer 2 decimal places. e. What are the Account and Amount Credited? Note: Answer this question in the table shown below. Round your answer 2 decimal places. d. Debit e. Credit Account Checking Owner Investments Amount Cy Walker invests $40,000 of his personal savings into Mookie the Beagle Concierge. MTB Concierge needs to record the deposit using QBO. Required: 1. Record the Deposit. a. Select (+) New icon > Bank Deposit b. Select Account: 1001 Checking c. Select Payment Date: 01/01/2024 d. In the Add Funds to This Deposit section, select Account: 3003 Owner Investments e. Select Payment Method: Check f. Enter Reference Number: 5001 g. Enter Amount: 40000.00 h. What type of account is Owner Investments? i. Select Save and close h. Type of account Equity 2. View the Transaction Journal for the Deposit. a. From the Navigation Bar, select Accounting b. From the Chart of Accounts, select Checking > View Register > select the Deposit just entered > Edit c. From the bottom of the screen, select More > Transaction Journal d. What are the Account and Amount Debited? Note: Answer this question in the table shown below. Round your answer 2 decimal places. e. What are the Account and Amount Credited? Note: Answer this question in the table shown below. Round your answer 2 decimal places. d. Debit e. Credit Account Checking Owner Investments Amount
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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