To sign in to Xafra Cyber, we will complete the following steps: 1. Using a web browser, go to gbo.intuit.com 2. Enter User ID (the email address you used to set up your QBO Account) > Sign In 3. Enter Password (the password you used to set up your QBO Account) 4. Select Continue 5. If Let's verify your number appears, select Skip for now 6. Since Xafra Cyber is your second QBO company using your QBO account, after you sign in to QBO, when you see the screen: Select Company, select [LastNameFirstInitial] Xafra Cyber. Reference to Section 2.8. P2.9 Chart of Accounts Report (Quick Check) Create a Chart of Accounts report for Xafra Cyber as follows: Required: 1. From the Navigation Bar, select Accounting to display the COA 2. To run the COA report, from the Chart of Accounts window, select Run Report 3. Export the Chart of Accounts to PDF or Excel. Ask your instructor if you should export your reports for this course to PDF or Excel. If you are exporting to Excel, use the Excel Templates that accompany your text. For your convenience, see the steps listed in the Instructions sheet of the Excel Template to copy your Chart of Accounts Excel export to the Excel Template. Going forward, text instructions will indicate to export to Excel. 4. How many Asset accounts and subaccounts appear in your Chart of Accounts report? Note: Answer this question in the table shown below. 5. How many Liability accounts appear in your Chart of Accounts report? Note: Answer this question in the table shown below. 6. How many Equity accounts and subaccounts appear in your Chart of Accounts report? Note: Answer this question in the table shown below. 7. How many Income accounts appear in your Chart of Accounts report? Note: Answer this question in the table shown below. 8. How many Expense accounts and subaccounts appear in your Chart of Accounts report? 9. Checking and crosschecking for accuracy becomes a crucial habit when working with QBO. Crosschecking refers to checking data or reports against various sources to verify accuracy. The QBO company we created in Project 1, Xafra Cyber, carries all work forward to later chapters. At this point, crosschecking your QBO Chart of Accounts can make life easier for you later on. 1. Compare your QBO Chart of Accounts with the following COA. 2. If necessary, update your QBO COA so that it contains the necessary accounts and accounts numbers as shown on the following COA. 3. Does your COA now contain exactly the same accounts as the following COA? Note: Answer this question in the table shown below. ACCOUNT # 1001 1100 1200 1210 1220 1500 1600 2001 2100 2200 3001 3100 3150 3200 3220 3230 3300 4100 4200 4400 5001 5002 5020 5030 5035 5036 5040 5042 5045 5048 5050 5052 5054 ACCOUNT Checking Accounts Receivable (A/R) Prepaid Expenses Prepaid Expenses:Supplies Prepaid Expenses: Insurance Uncategorized Asset Payments to Deposit Accounts Payable (A/P) VISA Credit Card Unearned Revenue Opening balance equity Common Stock Additional Paid In Capital Shareholders' Equity [LastNameFirstInitial] Xafra Cyber Retained Earnings Billable Expense Income Sales TYPE Bank Accounts receivable (A/R) Other Current Assets Other Current Assets Other Current Assets Other Current Assets Other Current Assets Accounts payable (A/P) Credit Card Other Current Liabilities Equity Equity Equity Equity Shareholders' Equity:Contributi... Equity Shareholders' Equity: Distributions Equity Equity Uncategorized Income. Income Income Income Expenses Expenses Advertising & Marketing Ask My Accountant Contractors Expense Expenses Insurance Expense Expenses Insurance Expense: Liability Insur... Expenses Insurance Expense: Renter Insura... Expenses. Interest Expense Legal & Professional Services Office Supplies & Software Expenses Expenses Expenses Expenses Expenses Rent & Lease Expense Repairs & Maintenance Expense Taxes & License Expense Travel Expense Account List Expenses Expenses DETAIL TYPE acas Checking Accounts Receivable (A/R) Prepaid Expenses Prepaid Expenses Prepaid Expenses Other Current Assets Undeposited Funds Accounts Payable (A/P) Credit Card Other Current Liabilities Opening Balance Equity Common Stock Paid-In Capital or Surplus Owner's Equity Owner's Equity Owner's Equity Retained Earnings Other Primary Income Service/Fee Income Other Primary Income Advertising/Promotional Other Business Expenses Cost of Labor Insurance Insurance Insurance Interest Paid Legal & Professional Fees Office/General Administrative Ex... Rent or Lease of Buildings Repair & Maintenance Tax expense Travel DESCRIPTION Money customers owe for produ... Payments made in advance for p... Cash or checks your business is r... Money owed to vendors for pro... Down payments from customers... Opening balances of bank acco... Money received in exchange for ... Cash contributed to the compan... Money invested in the business... Cash contributed to the compan... Cash contributed to the compan... Costs to promote products and ... Payments made to contractors o... Costs of premiums for insurance Interest paid on loans, credit car... The costs of accountants and att... Rent paid for buildings, offices, I... Costs of repairs and maintenanc... BALANCE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5055 5060 Uncategorized Expense Utilities Expense Expenses Expenses 4. Asset accounts 5. Liability accounts 6. Equity accounts 7. Income accounts 8. Expense accounts 9. Does your COA now contain exactly the same accounts as the following COA? Other Miscellaneous Service Cost Utilities Yes