1. Export these reports to Excel and save as PDF files. The dates are not included in the file name; for example, use Exercise 7-2_AR Aging Summary as the file name.
Manage Accounts Receivable reports:
· Exercise 7-2_AR Aging Summary (as of 1/1/20XY [next year])
· Exercise 7-2_Customer Balance Detail (as of 1/1/20XY)
· Exercise 7-2_Invoice List (from 12/1/20XX to 12/31/20XX)
Manage Accounts Payable reports:
· Exercise 7-2_AP Aging Summary (as of 1/1/20XY [next year])
· Exercise 7-2_Vendor Balance Detail (as of 1/1/20XY)
· Exercise 7-2_Unpaid Bills (as of 1/1/20XY). (Hint: The past due column computes from the system, or current, date. Depending on the system date of your computer, the Past Due column may not be accurate.)
2. Check Your Figures, January 1, 20XY (next year)
· Account 101 Checking, $53,493.52
· Account 105 Accounts Receivable, $400.00
· Account 125 Prepaid Insurance, $2,250.00
· Account 201 Accounts Payable, $3,120.00
· Account 137 Accumulated Depreciation, $800.00
· Account 318 Retained Earnings, $7,093.52 Total Liabilities and Equity, $75,213.52