Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use this information to create the bank and credit card accounts: table [ [ Account Name,Opening Balance,Opening Date ] , [ table [

image text in transcribed
Use this information to create the bank and credit card accounts:
\table[[Account Name,Opening Balance,Opening Date],[\table[[Checking - Raincross],[Business Bank 4673]],$13,000,November 30,2026],[\table[[Savings - Raincross],[Business Bank]],$5,000,November 30,2026],[\table[[Credit Card - Visa]],$0,November 30,2026]]
Regarding sales tax:
Use Automatic Sales Tax.
All customers will be taxable; all products (but not services) will be taxable.
There are no sales outside of California.
Tax Period Start: [use the current month]
Frequency to File Tax Return: select Monthly
Start Date for Collecting Sales Tax: [use the current date]
Tax rate: 8.5%[you will create a custom sales tax rate for Riverside of 8.5%]
This is for QuickBooks I just need the steps on how to do it
image text in transcribed

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

Step: 3

blur-text-image

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 Tools for Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

5th Canadian edition

978-1118024492

More Books

Students also viewed these Accounting questions

Question

recognize the unique challenges of leading millennials,

Answered: 1 week ago