Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mookie The Beagle Concierge has downloaded the following Checking account transactions in spreadsheet form ( csv file ) . MTB needs to upload these bank

Mookie The Beagle Concierge has downloaded the following Checking account transactions in spreadsheet form (csv file). MTB needs to upload these bank transactions into QBO and then match them against QBO transactions previously entered.
CHECKING
Type Transactions Date Post Date Description Amount
Expense 01/16/202401/18/2024 XAFRA CYBER 720.00
Expense 01/13/202401/14/2024 BICHOTTE SUPPLIES 198.00
Deposit 01/12/202401/13/2024 CY WALKER LOAN 2000.00
Expense 01/10/202401/11/2024 EVAN HENRY 1840.00
Expense 01/05/202401/06/2024 CAROLE DESIGN MEDIA 2000.00
Deposit 01/01/202401/02/2024 CY WALKER 40000.00
Deposit 01/01/202401/02/2024 CY WALKER 20000.00
QBO 4E EM4.6 Checking.csv
Required:
First, download the csv file containing the checking transaction information from the bank, and save the file to your computer. You will upload this file into QBO.
If you are using Connect, select the link for the data file: QBO 4E EM4.6 Checking.csv.
If you are not using Connect, go to www.my-quickbooksonline.com > select QBO 4e > QBO 4e Data Files > select link to download QBO 4E EM4.6 Checking.csv.
Upload Checking Account Transactions to QBO.
From the Navigation Bar, select Banking > Banking tab
Select the Link account drop-down arrow > select Upload from file
Select Drag and drop or select files to select the file to upload > select File: QBO 4E EM4.6 Checking.csv > Continue
Select QuickBooks Account: 1001 Checking > Continue
Select Is the first row in your file a header? Yes
Select How many columns show amounts? One column
Select Whats the date format used in your file? MM/dd/yyyy
Select Date: Column 2: Transaction Date
Select Description: Column 4 Description
Select Amount: Column 5 Amount
Select Continue
Select The transactions to import: Select All > Continue
When asked, Do you want to import now?, select Yes
When Import completed appears, select Done
How many transactions were imported?
Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount.
Complete a Checking Account Bank Match.
From the Navigation Bar, select Banking
How many open items appear on the Checking card at the top of the screen?
Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount.
Select Match for all Matching items
Now how many open items appear on the Checking card at the top of the screen?
Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount.
What is the balance In QuickBooks displayed on your Checking card at the top of the screen?
Note: Answer this question in the table shown below. Round your answer 2 decimal places.

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Financial Accounting

Authors: Kermit D. Larson, Paul B. W. Miller

5th Edition

0256091935, 978-0256091939

More Books

Students also viewed these Accounting questions

Question

What factors affect occupational accidents?

Answered: 1 week ago