Case 4 Your company is a sports gym serving the Hollywood area in California. They sell month-to-month memberships to individuals and businesses as well as T-shirts yoga pants and other sports-related accessories. They began their busi- ness in 2020 and want to use QBO starting January 1, 2021. Beginning balances as of 12/31/2020 have been provided below. Based on what you learned in the text using the Sample Company, you are to make the following changes to the company you created Chapter 1 1 Modify settings as follows (click the Gear icon and then click Account and Settings) a. Company 1) Name - Case 04 Student Name (ID Number) m) EIN-98.9875461 i) Tux form-Form 120 iv) Industry Piness and Recreational Sports Centers Email - Your email address vi) Addrek - 6540 Sunset Blvd. Hollywood, CA 90028 Sales tari the following on, and all others turn off or leave om 1) Preferred invoice terms - Net 30 y Custom transaction numbers Show Product/Service column on sales form iv) Track quantity and price/rate Track inventory quantity on hand vi) Show aging table at the bottom of the statement Expenses (turn the following on, and all others turn off or leave of 1) Show items table on expense and purchase forms 2 Adi sales tax that is payable to the California Sute Boudal Equi. m) Use purchase orders Follow the provided in Appendix 1) d. Payments - No changes 3 Create new accounts and related beginninghalanes where appropriate 4 Advanced - No changes Click the Gear icon and the dick Chart.com con Account Type - Bank w Detail Type-Checking Name - Checking w Balance as of 12/30180-527,000 Second Account Type - Accounts Recevable (R) Detail Type Accounts Receivable (NR) a) Name - Account Receivable A/R) w Balance as of 12/31/2000-ala Thind account Account Type - Other Current Asses Detail Type Prepaid Experts Name Prepaid Expenie Balance as of 1512.000 & Fourth and the accounts (Note: When came fiset. place a check in the Track depreciation of this we check box to reveal Original cost and Depth Enter the as positivemen) Type-Fal Detail Type Fixed Ameturniture Name Furniture Original 6.000 12/30/2020 Depreciation of 1/31/2030 Schandic fee note on de Account Type Find At 20 Tetail Type Machinery & Equipment - Machinery & Equipment Oraco SS.000 as of 123/2000 Deprecate 56.500 of 1231/2100 Fight Account Type - Aunts Payable Detail Type Accounts Payable Name - Accounts Payable (AP) w Balance of 12/31/2000 Ninth Account Tyre Le Termbilities -) Detail Type - Notes Payable Name - Notes Puyole Rolance as of 121/2000-$82,000 COPY rikios Olibi Case 4 Your company is a sports gym serving the Hollywood area in California. They sell month-to-month memberships to individuals and businesses as well as T-shirts yoga pants and other sports-related accessories. They began their busi- ness in 2020 and want to use QBO starting January 1, 2021. Beginning balances as of 12/31/2020 have been provided below. Based on what you learned in the text using the Sample Company, you are to make the following changes to the company you created Chapter 1 1 Modify settings as follows (click the Gear icon and then click Account and Settings) a. Company 1) Name - Case 04 Student Name (ID Number) m) EIN-98.9875461 i) Tux form-Form 120 iv) Industry Piness and Recreational Sports Centers Email - Your email address vi) Addrek - 6540 Sunset Blvd. Hollywood, CA 90028 Sales tari the following on, and all others turn off or leave om 1) Preferred invoice terms - Net 30 y Custom transaction numbers Show Product/Service column on sales form iv) Track quantity and price/rate Track inventory quantity on hand vi) Show aging table at the bottom of the statement Expenses (turn the following on, and all others turn off or leave of 1) Show items table on expense and purchase forms 2 Adi sales tax that is payable to the California Sute Boudal Equi. m) Use purchase orders Follow the provided in Appendix 1) d. Payments - No changes 3 Create new accounts and related beginninghalanes where appropriate 4 Advanced - No changes Click the Gear icon and the dick Chart.com con Account Type - Bank w Detail Type-Checking Name - Checking w Balance as of 12/30180-527,000 Second Account Type - Accounts Recevable (R) Detail Type Accounts Receivable (NR) a) Name - Account Receivable A/R) w Balance as of 12/31/2000-ala Thind account Account Type - Other Current Asses Detail Type Prepaid Experts Name Prepaid Expenie Balance as of 1512.000 & Fourth and the accounts (Note: When came fiset. place a check in the Track depreciation of this we check box to reveal Original cost and Depth Enter the as positivemen) Type-Fal Detail Type Fixed Ameturniture Name Furniture Original 6.000 12/30/2020 Depreciation of 1/31/2030 Schandic fee note on de Account Type Find At 20 Tetail Type Machinery & Equipment - Machinery & Equipment Oraco SS.000 as of 123/2000 Deprecate 56.500 of 1231/2100 Fight Account Type - Aunts Payable Detail Type Accounts Payable Name - Accounts Payable (AP) w Balance of 12/31/2000 Ninth Account Tyre Le Termbilities -) Detail Type - Notes Payable Name - Notes Puyole Rolance as of 121/2000-$82,000 COPY rikios Olibi