Enter the following transactions into the accounting software: Item on bank statement not yet entered. Item on credit card statement not yet entered. Bank deposit slip amount - this was a cash payment received for chair cover rental on 31 July 2020 and has not yet been recorded. Invoice to Tables and Chairs on 31 July for chair hire $480.52. Invoice to Kingscliff Events on 31 July for a Style Package $1,020.00. `Reconcile any errors found and pass journals accordingly. 2 4. Extract reports Once you have entered all the above transactions and you are satisfied that this has been done correctly, extract the following reports for the month from the accounting software: Trial balance Bank account transactions report Balance Sheet Profit and Loss Statement Business Activity Statement Accounts Payable Summary Accounts Receivable Summary 3 5. Develop a report Develop the monthly financial monitoring report for the owner of the business. Provide a summary of the month's activity and your findings about potential impacts to future operational activity. You may develop a report in your own template or for- mat. Include specific information on: A summary of sales for the month and performance in relation to the various streams of revenue Average customer spend Labour costs