Activity 2: Post journal entries and reconcile discrepancies This activity requires the student to post journal entries and reconcile discrepancies based on the infor"mation given in the case study. To do so, you are required to follow the steps given below. For each step, you are required to take a screenshot of the MYOB file and submit it as evidence to the trainer/assessor. Step 1: Create a company file based on the information given in the case study. Step 2: Modify and customise a chart of accounts based on the information given in the case study. Step 3: Enter the opening balance as of 1 July 2020 using the general ledger trial balance as of 30 June 2020 given in the case study. Step 4: Create customer and suppliers cards for existing customer and suppliers given in the case study. Step 5: Enter the inventory 'Opening Balances' given in the case study. Step 6: Enter historical customer and supplier balances based on the information given in the case study. Step 7: Post journal entries prepared in Activity 1 into the general ledger system according to organisational policies, procedures and accounting standards. Step 8: Reconcile accounts payable and accounts receivablesubsidiary ledger systems with general ledger. Step 9: Rectify any discrepancies and escalate to the Supervisor, where required, if the outside scope of individual authority. Step 10: Prepare adjusted journal entries based on the transactions given in the case study and closing entries for the general ledger. Further, the student must generate the general and subsidiary ledgers reports and submit them to the Supervisor or trainer/assessor