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EM4.8 Bank Transfer Mookie the Beagle Concierge would like to move some cash from the Checking account to a Business Money Market account to
EM4.8 Bank Transfer Mookie the Beagle Concierge would like to move some cash from the Checking account to a Business Money Market account to ensure funds are available in the future for upcoming expected expenditures and earn a better return on the funds than a Checking account. Complete the following to record the transfer of funds from the Checking account to a Business Money Market account. Required: 1. Record a Transfer. a. Select (+) New icon > Transfer b. Select Transfer Funds From: 1001 Checking c. Select Transfer Funds To> select + Add new > Account Type: Bank > Detail Type: Money Market > Name: Money Market > Number: 1010 > Save and Close d. Enter Transfer Amount: 10,000.00 e. Enter Date: 01/15/2023 f. Enter Memo: Transfer from Checking to Money Market Account g. Select Save and close h. After the transfer, what is the balance in the Money Market Account? Note: Answer this question in the table shown below. Round your answer 2 decimal places. h. Balance in the money market account
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