"Managing Customers and Vendors in QuickBooks"Please respond to the following:

• Explain the reasons for Step 3, 4, and 5 in Project 4, Larry's Landscaping. What are the underlying events that require the entries for these 3 steps? Why is the amount of the payment not shown in Step 3? What is the locale indicated for the sales tax? Use these questions and your knowledge to discuss these 3 steps. Be sure you've shown your understanding. For example, saying you entered sales receipts for Step 3 is NOT an explanation.