Assume that you work for a small company that has a substantial volume of cash receipts from credit customers and cash payments to vendors. The owner, Jesse Ramirez, is thinking about buying Sage50 for her accounting system. Because you had experience with Sage50 in a college course, she asks you to provide her with information about the Sage50 procedures for the tasks listed below. Write a memo that provides information on the following tasks:

1- Setting up customer accounts and vendor accounts.

2- Recording credit sales and credit purchases.

3- Recording cash receipts and cash payments on account.