1. Export to Excel and save as PDF files. Run reports from 1/1/20XY to 1/31/20XY unless another date range is shown. (Hint: When the report needs an As of date, use 1/31/20XY)
· Exercise 8-2_Journal (from 1/31/20XY to 1/31/20XY)
· Exercise 8-2_Transaction Detail by Account
· Exercise 8-2_General Ledger
· Exercise 8-2_Customer Balance Summary
· Exercise 8-2_Vendor Balance Summary
· Exercise 8-2_Trial Balance
· Exercise 8-2_Profit and Loss
· Exercise 8-2_Balance Sheet
· Exercise 8-2_Statement of Cash Flows
2. Check Your Figures (from 1/1/201XY to 1/31/XY):
· Account 101 Checking, $48,544.54
· Account 105 Accounts Receivable, $1,550.00
· Account 115 Merchandise Inventory, $11,575.00
· Account 123 Prepaid Rent, $6,000.00
· Account 201 Accounts Payable, $3,500.00
· Account 401 Sales, $8,610.00
· Account 501, Cost of Goods Sold, $4,305.00
· Account 621 Office Supplies, $88.52
· Total Liabilities and Equity, $79,119.54
· Net Income, $3,526.02
· Net cash increase (or decrease) for period, $-4,948.98