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United States Treasury

13.        If you used the QuickBooks Setup window to record customers and vendors, edit each customer and vendor to record the terms of payment. (See Step 11 and Step 12.)

14.        To complete the New Company Setup, record the following three journal entries on July 1, 2019:

a.   Enter the opening balances (refer to Step 8 above). Use Open Bal as the Entry No.

b.   Make a journal entry to reverse the Uncategorized Income account, Rev.

c.    Make a journal entry to reverse the Uncategorized Expenses account, Rev.

15.        Display and print the following reports for July 1, 2019-July 1, 2019.

a.   Journal

b.   Trial Balance

 
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