can you help me figure out this problem. Thank you

(CDTFA). - TIP: Don't click the Create invoblce link. Exit out of the screen. You should then see the final setup screen. If not, click Taxes on the navigation bar. - You know that you will be required to file monthly. - You change the tax collection start date to 2/1/23. TIP: You will need to edit the sales tax settings to change the starting date. You must enter as 02/01/2023. Leave the reporting method as accrual. You review the records of all items in the Product and Sorvices list, making sure that all inventory items are identified as Taxable-standard rate and all service items as Nontaxable. TTP: Click Edit for every item to review the settings. If a service shows as taxable, you'll need to change the status. Click Edit sales tax and coggle to Nontaxable. (You may need to click stiII don't see what you're looking for? before you see the Nontaxable option.) You will need to save and close whether you change the tax status or not. To make sure every item's tax status is correct, run a Product/Service List report. Customize the report by adding the Taxable field. Only inventory items should be identified as taxable. Martin comes in early with some great news. A new Center for High Academic Achievement has just opened in downtown Sacramento with a satellite campus in Elk Grove, CA. The space is supported and staffed by the local high schools. The director of the new program, Michelle Farman, has contacted Martin and asked him to provide materials that could be purchased by students enrolled in their program. - You first set the Center up as a customer. TIP: This will be considered the parent customer. Center for High Academic Achievement 3635 Freeport Blvd Sacramento, CA 95822 (916) 8555558 Terms are Net 30 - You check This customer is tax exempt in the Additional Info section. The Center is a reseller of the materials and isn't subject to tax. You enter the Center's resale number (SRY333-444444) in the Exemption details field. - Next you set up both locations as sub-customers and select the Bill customer parent option. You use the same company name, billing address, terms, and reseller number as the parent customer for both locations. You use "Downtown" and "Filk Grove" as the Customer display names. TIP: If you check is a sub-customer first and select Center for High Academic Achievement as the parent, the address fields will be automatically filled. You will need to enter the Company name and Customer display name. You will also need to check the Terms and enter the tax information in the Additional info section. For the Downtown location, the shipping address is the same as the billing address. - For the Elk Grove location, the shipping address is 445 Forest Drive, Elk Grove, CA 95624. 2/3/23 Martin delivers supplies as promised to both locations of the Center for High Academic Achievement. You prepare separate invoices for: - Downtown shipment - 5 each of the following books: - Geometry in Sports (Sports) - Solving Puzzles: Fun with Algebra (Puzzles) - Getting Ready for Calculus (Ready) INV-1013 totals \$375. - Elk Grove shipment - Elk Grove shipment 3 each of the following books: - Geometry in Sports (Sports) - Solving Puzzles: Fun with Algebra (Puzzles) INV-1014 totals $141. - TIP: The Center is a reseller of books so there should be no sales tax. You receive a check in the mail from Jon Savidge for $1,000 in payment of INV-1010. (Check #3359, dated 2/3). Jon took the discount issued on the CM-1010 credit memo. TIP: This can be tricky. Before you close the transaction, make sure that the PAYMENT field for the Invoice shows the full amount (the original amount of the invoice), the Amount recelved is accurate, and the Credit memo box is checked. Review the Applying Crzdit Memos To Open Invoices Wben Payments Are Recorded section of Chapter 3 if you need help. You realize that Kim Kowalski still hasn't paid the remaining $100 due on INV-1002. You had called her a month ago and she had promised to pay the balance by the end of January. You give her a call. She apologizes and drives over with a check for \$100. (Check \#198, dated 2/3) 2/8/23 Martin gives you the detail for the tutoring sessions scheduled during the first week of February. - Two customers paid using their VISA card. You complete sales receipts (dated 2/8) for both (starting with SR-107). Alonso Luna - 5 Refresher sessions and one Puzzles book to help him with Algebra\$323.93 (tax included). TIP: You may need to click down to the third row before the tax field is updated. - Marcus Reymundo-2 Refresher sessions- $120 - You complete invoices (dated 2/8) for the following customers: - Paul Richard-3 weeks of the Crisis program starting 2/7-\$675 (INV-1015) - Debbie Han -4 weeks of the Crisis program starting 2/1-\$900 (INV-1016) You deposit the credit card receipts received today and the two checks received on 2/3. TIP: You'll be making one deposit for the credit card receipts and another for the checks. - The check deposit totals $1,100. - The bank charges a 2\% fee on all credit card sales. You record the fee and charge it to the Bank Service Charges account. You select City Bank of Sacramento in the RECEIVED FROM field. - The credit card deposit totals $435.05 (after the fee). 2/10/23 Martin delivers another order to the Downtown location of the Center for High Academic Achievement. - You prepare INV-1017 for $656. 10 Geometry in Sports (Sports) 8 Solving Puzzles: Fun with Algebra (Puzzles) 5 Getting Ready for Calculus (Ready) 5 Geometry Kits (Kit) You receive checks in the mail from: - Center for High Academic Achievement-\$516 in payment of INV-1013 and INV-1014. Check \#9758844, dated 2/10. TIP: You only need to select the parent customer (Center for High Academic Achievement) when you receive the payment since the bill parent customer option was selected in the customer setup for the locations. - Marley Roberts-\$100, Check \#1731, dated 2/10, in payment of INV-1012 You deposit the two checks received in the bank. Total deposit is \$616. 2/13/23 The Teacher's College workshop was a huge success. One of the teachers Martin met there asked him whether he'd be willing to put on a similar workshop this Friday (2/17). The teacher explains that this is for an independent group of educators and asks Martin if he'd consider discounting the Educator Workshop fee. Martin agrees to give the group a 10% discount on the $2,500 fee. (The fee is lower than the previous workshop because Martin will be making fewer speeches!) - The new customer is: Dynamic Teaching 2121 Parallel Street Sacramento, CA 95822 Dynamic Teaching is subject to sales taxes. Terms Net 30 - You set up a new account (Sales Discounts) to track discounts given to customers. You use #490 as the account number. TIP: Discounts are contra revenue accounts. Make sure you pick the correct account type. - You turn on the Discount feature on the Sales tab of Account and Settings. - You select the new sales discount account in the Chart of accounts section in the Advanced tab of Account and Settings. - You don't want to forget to send the invoice next week so you create a Delayed Charge (DC-1000) for the \$2,500 fee. TIP: You won't be able to add the discount directly on the Delayed Charge form. You'll do that when you convert it to an invoice. 2/15/23 The Downtown location of the Center for High Academic Achievement returns two of the geometry kits (Kit). Both sets had broken compasses! Martin will be returning the compasses to Math Shack later. - You create a $36 credit memo (CM-1017) for the Downtown location. 2/17/23 You receive notice from the bank that the $100 check from Kim Kowalski that was recorded on 2/4 (deposited on 2/8) was returned for insufficient funds. You call Kim and she lets you know that she closed her bank account. She agrees to pay the $20 processing fee and the $100 owed to you with her VISA card. - You set up two service items. You classify them both in a new category called Other Charges. - For the first service item (Bounced Check) you use "Check returned for insufficient funds" as the description. You wouldn't need a default price here. You identify the item as nontaxable. TIP: Think about the account you want credited for the check amount. For the second service item (Processing Fee), you use "Processing fee on NSF check" as the description and you select Bank service charges as the income account. You enter $20 as the default sales price/rate for the processing fee. This item is also nontaxable. - You record her \$120 payment using SR-109. TIP: The only items on the sales receipt will be the Bounced check and Processing fee items. BEHIND THE SCENES This transaction can seem complicated. It might help to remember that the journal entry underlying this sales receipt is DR Undeposited Funds; CR Checking; CR Bank Service Charges. You process the credit card receipt right away. The deposit amount (after the 2% fee) is $117.60 You create the invoice for the workshop Martin put on for the Dynamic Teaching group from the delayed charge you created on the 13 th. You remember to give the customer the promised discount of 10%. INV-1018 totals \$2,250. TIP: The delayed charge will show up in the sidebar when you start the involce. 2/18/23 Martin holds another Mathmagic Clinic. This time 50 students show up, almost double last month's attendance! Luckily, Samantha is able to help out with the tutoring clinic again. You tell Martin he might want to think about hiring an assistant on a regular basis. Martin says he might think about doing that in the fall. - All the students pay in cash- $20 each for the tutoring. - Some of the students also purchase some supplies, with ca3h. You sell: 10 Handheld dry-erase boards (Dry Erase) 5 Notebook packs (Notebook) - You create one sales recelpt (SR-110), using Drop-In as the customer. The sales receipt total is $1,287.10 (including sales tax). 2/20/23 One of the students from the Mathmagic Clinic on the 18th (Isla Parker) returns the Kit she purchased. The compass broke the first time she used it! You write her a check (\#1112) for the full S19.58 cost of the set plus sales tax. TIP: Refunds are recorded on refund receipts. RR-101. - Her address is 1164 Rosa Drive, Sacramento, CA 95822. - Martin is definitely going to talk to Math Shack about the quality of the sets. If they can't find a better substitute, he may need to find another supplier. Martin gives you the details for tutoring sessions held in the past week and a half. - You create invoices (starting with INV-1019 and dated 2/20) for: - Navi Patel-Two weeks of Crisis starting 2/8-\$450. Net 15 - Eliot Williams-One week of Persistence starting 2/15-\$100. You go to the bank and deposit the cash from Saturday's Mathmagic Clinic. The total deposit is $1,287.10 You receive a check in the mail (\# 9759115) from the Center for High Academic Achievement for $620 in payment of INV-1017. They took the credit for the returned Geornetry Kits. TIP: Before you close, make sure the Amount to Apply shows as $656. You deposit the check right away. You review the A/R Aging Summary report (as of 2/24/23). INV-1005 to Marcus Reymundo was due over a month ago. You try calling him but discover that his phone has been disconnected. You decide to write off the balance of $60 to bad debt expense. Math Revealed uses the direct write-off method because it has historically had very few uncollectible accounts. You consider bad debt expense to be a sub-account of Marketing Costs. - TIP: You'll need to set up a new account and then a new nontaxable service item. (You're writing off a nontaxable service (tutoring).) You set up the bad debt account as a sub-account of Marketing Costs. Use 648 as the account number. Include the new item in the Other Charges category. Use "Write-off of uncollectible account" as the description. Set the sales tax status as nontaxable. - You create a credit memo (CM-1005) for the $60 write-off. - You apply the credit to INV-1005 through the receive payment form. TIP: There is no payment method or amount received. You are simply applying the credit memo to clear the account balance. - You apply the credit to INV-1005 through the recelve payment form. TIP: There is no payment method or amount received. You are simply applying the credit memo to clear the account balance. Suggested reports for Chapter 6: All reports should be in portrait orientation. ? - Journal-February transactions only - Sales by Product/Service Summary (February)