Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CHECK YOUR FIGURES I need help with Quickbooks! I dont know where I went wrong. This is Quickbooks Chapter 5 Exercises 1-2. When checking my

CHECK YOUR FIGURES

I need help with Quickbooks! I dont know where I went wrong. This is Quickbooks Chapter 5 Exercises 1-2. When checking my figures, all the numbers matched EXCEPT:

Account 101 Checking: $64,966.46

Account 105 Checking: $1,469.78

My 101 checking shows $66,436.24 and 105 checking shows $0. I think the $1,469.78 is combined in account 101. I don't know what to do. Plz help!image text in transcribedimage text in transcribedimage text in transcribed

Reconciled through 11/30/2022 Goto: 1 of 1 162 of 62 Next Lasts Goto: 1 of 1 110 of 10 Next Lasts Check Your Figures (from 10/1/20XX to 12/1/XX): Account 101 Checking, \$64,966.46 Account 105 Accounts Receivable, $1,469.78 Account 115 Merchandise Inventory, $10,155.00 Account 201 Accounts Payable, \$16,900.00 Account 207 Arizona Department of Revenue Payable, $1,420.08 Account 208 Illinois Department of Revenue Payable, $25.00 Account 401 Sales, \$24,330.00 Account 501, Cost of Goods Sold, $9,165.00 Account 621 Office Supplies, $460.42 Total Liabilities and Equity, \$95,591.24 Net Income, \$12,246.16 ercise 5-3: Problem Solving Reconciled through 11/30/2022 Goto: 1 of 1 162 of 62 Next Lasts Goto: 1 of 1 110 of 10 Next Lasts Check Your Figures (from 10/1/20XX to 12/1/XX): Account 101 Checking, \$64,966.46 Account 105 Accounts Receivable, $1,469.78 Account 115 Merchandise Inventory, $10,155.00 Account 201 Accounts Payable, \$16,900.00 Account 207 Arizona Department of Revenue Payable, $1,420.08 Account 208 Illinois Department of Revenue Payable, $25.00 Account 401 Sales, \$24,330.00 Account 501, Cost of Goods Sold, $9,165.00 Account 621 Office Supplies, $460.42 Total Liabilities and Equity, \$95,591.24 Net Income, \$12,246.16 ercise 5-3: Problem Solving

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions