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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

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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 the questions below, use the information in QuickBooks from your Chapter 10 work.

  1. What is the difference between the Transaction Detail by Account and the General Ledger?
  2. Select the appropriate calculation for the March 20XY Net Loss on the Profit and Loss by Month report (Figure 10-22, textbook page 548).
  3. Compare Figure 10-23s Balance Sheet to the Exercise 10-2 Balance Sheet. On the table below, type the Net Income balance and differenc

image text in transcribedimage text in transcribed \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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