Answer the following questions related to Case Number 4-F Where Everybody Knows Your Name in the Discussion, 1. Did Luce have a responsibility to tell her editors about her relationship with Schenk? If so,….
Set up the business in MYOB – Remember to incorporate YOUR NAME as part of the t. company name.
Set up the business in MYOB – Remember to incorporate YOUR NAME as part of the t. company name. Modify the chart of accounts as required to ensure that the transactions affecting the 2. company are recorded and classified correctly. 3. Enter the Opening Balances to the General Ledger and set up the subsidiary ledger for Customers, Suppliers and Inventory. 4. Process transactions for July, including the completion of the Bank Reconciliation. 5 Print reports for the month of July, to be submitted, are as follows:
• Accounts (General Ledger) Accounts List — Summary Trial Balance Transaction Journals = General Journal Profit & Loss Accrual Standard Balance Sheet • Sales (Accounts Receivable) Receivables — Reconciliation Summary Item — Sales Summary • Purchases (Accounts Payable) Pa ables — Reconciliation Summary