Cy Walker, founder of Mookie The Beagle$$ Concierge, is continually looking for new business opportunities to build on the success of his pet concierge service. So you are not surprised when your smartphone chimes and Cy$\text{'}$s text message appears.

Based on client feedback, Cy realizes there is substantial demand for pet training. Busy pet parents often do not

Page $691$

have time to train their pets well, but would be happy to invest in concierge pet training to have a well behaved and content pet.

So Cy is launching a new business, Mookie The Beagle$$ Coach, that offers coaching services for pets and pet parents. Pet coaching services begin with the basic commands of sit, stay, leave it$,$ drop it$,$ and heel, then progress to the highest standards of pet etiquette.

Also, Cy would like to offer agility coaching services. Dog agility, a fast$-$growing dog sport, involves the pet parent directing their pet through an obstacle course with the pet leaping through rings, crawling through tunnels, weaving around poles, and jumping over hurdles. Pet parent and pet communicate through cues and body language signals with the shared activity deepening the bond between pet parent and pet. All of which contribute to a satisfied client and repeat business.

Cy plans to offer the following services for pet manners and agility training:

Puppy Manners $101$

Pet Manners $101$

Pet Manners $102$

Pet Manners $103$

Pet Agility $101$

Pet Agility $102$

Pet Agility $103$

Concierge pet coaching services for pet etiquette will be offered in three different formats:

$$Latchkey services. The concierge trainer goes to the pet's location for training with the trainer and pet only.

$1$ on $1$ pet and pet parent coaching. The concierge trainer works with the pet parent and pet as they learn together.

$$Virtual pet coaching. The concierge trainer works virtually with the pet and pet parent via a virtual app.

Initially, Cy envisions providing agility training services onsite at a customizable agility training course. This represents a substantial initial investment in designing and building the agility course.

In addition to providing pet etiquette and agility training services, Cy realizes there is an opportunity to sell Mookie The Beagle branded training gear and merchandise. He plans to stock the following inventory with the option to expand inventory offerings in the future:

Training gear, including treat pouches and training clickers

Training treats

Agility equipment for at home training, such as weave poles, tunnels, rings, and hurdles

Cy values your financial and QBO expertise. He asks for your assistance in setting up a new QBO company for Mookie The Beagle Coach to maintain the financial records for this new business endeavor. Mookie The Beagle Coach will be an LLC with S Corporation tax status.

Cy offers you a $20\%$ share of the ownership of the new company for a $$4,000$ cash investment. You have been saving for an investment opportunity, and after careful consideration, you decide to invest $$4,000$ for a $20\%$ share. In addition, you ask for an option to purchase another $20\%$ ownership share in the future.

Now that you will be maintaining the financial records and also have an ownership interest, you and Cy agree there needs to be oversight and good internal control with checks and balances to ensure there is no possibility for even the perception of any impropriety. To begin, Cy will review the accounting records each month and two approvals will be required for checks over $$1,000.$

You emphasize to Cy the importance of ensuring the new business funds are not co$-$mingled with Cy$\text{'}$s personal expenses or expenses from Cy$\text{'}$s other business, Mookie The Beagle Concierge. You outline for Cy a plan to maintain the following checking accounts:

Mookie The Beagle Concierge Checking account

Mookie The Beagle Coach Checking account

Cy Walker Personal Checking account

i need the answers for the sheet below.

Status Report Sheetname

Pending CC$11\mathrm{.}3\mathrm{.}9$ Chart of Accounts

Pending CC$11\mathrm{.}4\mathrm{.}1$ Services List

Pending CC$11\mathrm{.}4\mathrm{.}2$ Products and Services List

Pending CC$11\mathrm{.}5\mathrm{.}2$ Customers List

Pending CC$11\mathrm{.}6\mathrm{.}2$ Vendors List

Pending CC$11\mathrm{.}8\mathrm{.}1$ General Ledger

Pending CC$11\mathrm{.}8\mathrm{.}2$ General Ledger

Pending CC$11\mathrm{.}8\mathrm{.}3$ General Ledger

Pending CC$11\mathrm{.}8\mathrm{.}4$ General Ledger

Pending CC$11\mathrm{.}10\mathrm{.}1$ Trial Balance

Pending CC$11\mathrm{.}10\mathrm{.}3$ Adjusted Trial Balance

Pending CC$11\mathrm{.}11\mathrm{.}1$ Profit and Loss

Pending CC$11\mathrm{.}11\mathrm{.}2$ Balance Sheet

Pending CC$11\mathrm{.}11\mathrm{.}3$ Statement of Cash Flows

Pending CC$11\mathrm{.}12\mathrm{.}1$ A R Aging

Pending CC$11\mathrm{.}12\mathrm{.}2$ Sales by Product$/$Service

Pending CC$11\mathrm{.}12\mathrm{.}3$ A P Aging

Pending CC$11\mathrm{.}13\mathrm{.}1$ Journal

Pending CC$11\mathrm{.}4\mathrm{.}2\mathrm{.}4$ Tag Report Marketing

Pending CC$11\mathrm{.}14\mathrm{.}2\mathrm{.}8$ Tag Report Pets