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Open your QuickBooks Online company. Compete Chapter 10s hands-on work, step-by-step activities, and Exercises 10-1, 10-2, and 10-3 on pages 497 to 556. To answer
Open your QuickBooks Online company. Compete Chapter 10s hands-on work, step-by-step activities, and Exercises 10-1, 10-2, and 10-3 on pages 497 to 556. To answer the questions below, use the information in QuickBooks from your Chapter 10 work.
- What is the difference between the Transaction Detail by Account and the General Ledger?
- Select the appropriate calculation for the March 20XY Net Loss on the Profit and Loss by Month report (Figure 10-22, textbook page 548).
- Compare Figure 10-23s Balance Sheet to the Exercise 10-2 Balance Sheet. On the table below, type the Net Income balance and differenc
\begin{tabular}{|c|c|c|c|} \hline \multirow{3}{*}{\multicolumn{2}{|c|}{StatementofAccount,CheckingAccountMarch1toMarch31,20XYAccountNo.7731-2256}} & \multicolumn{2}{|c|}{ Student Name and Service } \\ \hline & & \multirow{2}{*}{\multicolumn{2}{|c|}{2905E.SkylineDr.Tucson,AZ85718}} \\ \hline & & & \\ \hline \multicolumn{4}{|c|}{ REGULAR CHECKING } \\ \hline Previous Balance & 2/28/XY & $49,044.90 & \\ \hline 15 Deposits (+) & & $13,000.40 & \\ \hline 16 Checks () & & $5,123.01 & \\ \hline Service Charge & & $20.00 & \\ \hline Ending Balance & 3/31/XY & $56,902.29 & \\ \hline \multicolumn{4}{|c|}{ DEPOSITS } \\ \hline & 3/6/XY & $180.00 & \\ \hline & 3/6/XY & $1,538.45 & \\ \hline & 3/6/XY & $1,633.94 & \\ \hline & 3/6/XY & $1,220.15 & \\ \hline & 3/19/XY & $300.00 & \\ \hline & 3/19/XY & $286.47 & \\ \hline & 3/19/XY & $425.00 & \\ \hline & 3/21/XY & $424.40 & \\ \hline & 3/25/XY & $1,061.00 & \\ \hline & 3/26/XY & $1,315.64 & \\ \hline & 3/26/XY & $159.15 & \\ \hline & 3/26/XY & $551.72 & \\ \hline & 3/30/XY & $795.75 & \\ \hline & $3/30/XY & $1,538.45 & \\ \hline & 3/30/XY & $1,570.28 & \\ \hline \multicolumn{4}{|c|}{ CHECKS (Asterisk * indicates break in check number sequence) } \\ \hline 3/9/XY & 1100 & $300.00 & \\ \hline 3/10/XY & 1101 & $1,000.00 & \\ \hline 3/21/XY & 1102 & $180.00 & \\ \hline 3/21/XY & 1103 & $135.00 & \\ \hline 3/21/XY & 1104 & $82.13 & \\ \hline 3/22/XY & 1105 & $150.00 & \\ \hline 3/23/XY & 1106 & $78.23 & \\ \hline 3/23/XY & 1107 & $132.40 & \\ \hline 3/23/XY & 1108 & $175.00 & \\ \hline 3/24/XY & 1109 & $113.25 & \\ \hline 3/24/XY & 1110 & $60.00 & \\ \hline 3/24/XY & 1111 & $47.00 & \\ \hline 3/27XY & 1112 & $150.00 & \\ \hline 3/27/XY & 1113 & $250.00 & \\ \hline 3/28/XY & 1114 & $2,000.00 & \\ \hline 3/28XY & 1115 & $270.00 & \\ \hline \end{tabular} Figure 10-22: Profit and Loss by Month Intuit Inc. Figure 10-23: Balance Sheet \begin{tabular}{|c|c|c|c|} \hline \multirow{3}{*}{\multicolumn{2}{|c|}{StatementofAccount,CheckingAccountMarch1toMarch31,20XYAccountNo.7731-2256}} & \multicolumn{2}{|c|}{ Student Name and Service } \\ \hline & & \multirow{2}{*}{\multicolumn{2}{|c|}{2905E.SkylineDr.Tucson,AZ85718}} \\ \hline & & & \\ \hline \multicolumn{4}{|c|}{ REGULAR CHECKING } \\ \hline Previous Balance & 2/28/XY & $49,044.90 & \\ \hline 15 Deposits (+) & & $13,000.40 & \\ \hline 16 Checks () & & $5,123.01 & \\ \hline Service Charge & & $20.00 & \\ \hline Ending Balance & 3/31/XY & $56,902.29 & \\ \hline \multicolumn{4}{|c|}{ DEPOSITS } \\ \hline & 3/6/XY & $180.00 & \\ \hline & 3/6/XY & $1,538.45 & \\ \hline & 3/6/XY & $1,633.94 & \\ \hline & 3/6/XY & $1,220.15 & \\ \hline & 3/19/XY & $300.00 & \\ \hline & 3/19/XY & $286.47 & \\ \hline & 3/19/XY & $425.00 & \\ \hline & 3/21/XY & $424.40 & \\ \hline & 3/25/XY & $1,061.00 & \\ \hline & 3/26/XY & $1,315.64 & \\ \hline & 3/26/XY & $159.15 & \\ \hline & 3/26/XY & $551.72 & \\ \hline & 3/30/XY & $795.75 & \\ \hline & $3/30/XY & $1,538.45 & \\ \hline & 3/30/XY & $1,570.28 & \\ \hline \multicolumn{4}{|c|}{ CHECKS (Asterisk * indicates break in check number sequence) } \\ \hline 3/9/XY & 1100 & $300.00 & \\ \hline 3/10/XY & 1101 & $1,000.00 & \\ \hline 3/21/XY & 1102 & $180.00 & \\ \hline 3/21/XY & 1103 & $135.00 & \\ \hline 3/21/XY & 1104 & $82.13 & \\ \hline 3/22/XY & 1105 & $150.00 & \\ \hline 3/23/XY & 1106 & $78.23 & \\ \hline 3/23/XY & 1107 & $132.40 & \\ \hline 3/23/XY & 1108 & $175.00 & \\ \hline 3/24/XY & 1109 & $113.25 & \\ \hline 3/24/XY & 1110 & $60.00 & \\ \hline 3/24/XY & 1111 & $47.00 & \\ \hline 3/27XY & 1112 & $150.00 & \\ \hline 3/27/XY & 1113 & $250.00 & \\ \hline 3/28/XY & 1114 & $2,000.00 & \\ \hline 3/28XY & 1115 & $270.00 & \\ \hline \end{tabular} Figure 10-22: Profit and Loss by Month Intuit Inc. Figure 10-23: Balance Sheet
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