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Chapter 11: Comprehensive Project Section 11.10 11.11 8 QBO permits us to prepare the Profit and Loss Statement using either the accrual or the cash
Chapter 11: Comprehensive Project Section 11.10 11.11 8 QBO permits us to prepare the Profit and Loss Statement using either the accrual or the cash basis. QBO also permits us to prepare Profit and Loss Statements monthly, quarterly, or annually Required: Complete the following to prepare a Profit and Loss Statement for Mookie The Beagle Coach. 1. From the Navigation Bar, select Reports > Standard tab > Business Overview > Profit and Loss 2. Select Date Range: 02/01/2023 to 02/28/2023 3. Select Active rows or active columns 4. Select Accounting Method: Accrual 5. Select Run report 6. Export the Profit and Loss Statement to PDF 7. Export the Profit and Loss Statement to Excel. Complete the steps listed in the Instructions sheet of the Excel Template to copy your Profit and Loss Statement Excel export to the Excel Template. Answer the following questions about Mookie The Beagle Coach Profit and Loss Statement. 1. What is the amount of Total Income (Revenue)? 2. What is amount of Total Ex
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