Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are required to use MYOB Accounting Program to record for all the business transactions and economic events relating to the business. 1. Set-up the
You are required to use MYOB Accounting Program to record for all the business transactions and economic events relating to the business. 1. Set-up the business in MYOB Remember to incorporate YOUR NAME as part of the business name. 2. Modify the chart of accounts as required to ensure that the transactions affecting the business are recorded and classified correctly. 3. Enter the 1 July 2022 Opening Balances to the General Ledger and set up the subsidiary ledger for Customers, Suppliers and Inventory. 4. Process all business transactions & economic events (adjusting Entries) for July 2022 5. Print reports for the month of July to be submitted, are as follows: Accounts (General Ledger) o Transaction Journals = General Journal o Profit & Loss o Balance Sheet Sales (Accounts Receivable) o Sales & Receivables Transaction Journals Purchases (Accounts Payable) o Purchases & Payables Transaction Journals Banking o Cash Disbursements Journal and Cash Receipts Journals Inventory o Items List Summary
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started