Mookie the Beagle Concierge would like to move some cash from the Checking account to a Business Money Market

account to earn a better return on the funds than a Checking account but ensure funds are available in the future for

upcoming expected expenditures. Complete the following to record the transfer of funds from the Checking account to

a Business Money Market account.

Required:

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: $20,000\mathrm{.}00$

e$.$ Enter Date: $01/15/2024$

f$.$ Enter Memo: Transfer from Checking to Money Market Account

g$.$ Select Save and close

h$.$ After the transfer, what is the balance in your Money Market account?

Note: Answer this question in the table shown below. Round your answer $2$ decimal places.

i$.$ After the transfer, what is the balance in your Checking account?

Note: Answer this question in the table shown below. Round your answer $2$ decimal places.

View the Transaction Journal for the Money Market account transfer.

a$.$ From the Navigation Bar, select Banking $>$ Banking tab

b$.$ At the top of the Bank and Credit Cards screen, select $1001$ Checking

c$.$ Select Go to bank register

d$.$ Select the entry in the Checking Account Register for the Transfer to Money Market account $>$ Edit

e$.$ From the bottom of the Transfer form, select More $>$ Transaction Journal

f$.$ What are the Account and Amount Debited?

Note: Answer this question in the table shown below. Round your answer $2$ decimal places.

g$.$ What are the Account and Amount Credited?

Note: Answer this question in the table shown below. Round your answer $2$ decimal places.