Meagan Casey is the sole proprietor and owner of Sierra Marina, located at the north end of Shaver Lake in the California Sierra Mountains. She has been in business for a few years and decided on July 1, 2014, to automate her accounting using QuickBooks Accountant. Meagan has already entered the June 30, 2014, ending balances from her previous accounting system as well as all transactions for July and August 2014, and she has asked you to help her prepare some basic financial reports related to the company’s assets, liabilities, and equities.

Requirements:

Prepare, memorize, and print the following reports using Meagan’s Sierra Marina QuickBooks Accountant file. (Remember, you’ll have to restore this file from the student companion site. Be sure to include your name in the Extra Footer Line of each report where possible. Use admin password Qbooks2018.)

1 A Standard Balance Sheet as of July 31, 2014.

2 A Summary Balance Sheet as of July 31, 2014.

3 A Comparative Summary Balance Sheet for June and July 2014 without cents, with a % of Column, and in a left alignment. Be sure to change the report title to include the word ‘‘comparative.’’

4 A report of those transactions recorded in July 2014 that affected accounts receivable.