Chapter 5 Cases

Chapter 5 Case Problem 1

SIERRA MARINA

Meagan Casey, the sole proprietor and owner of Sierra Marina, would now like you to help her prepare some basic financial reports related to the companys ac-counts receivable and payable.

Requirements:

Prepare, memorize, and print the following reports using Meagans Sierra Marina QuickBooks Accountant file. (Use the file you updated in Chapter 4 or restore this file from the student companion site. Be sure to include your name in the Extra Footer Line of each report where possible.)

1. A/R Aging Summary as of August 31, 2014.

2. A/P Aging Summary as of August 31, 2014.