1 Textbook p.p. 252 to p.p. 258. Please hand in your hard copy of the ollowing reports as is required. Journal (73pts) . Trial Balance (48pts) . Profit & Loss Standard (04/01/2019-06/01/2019) (28pts) . Balance Sheet Standard (27pts) e. Item Listing (10pts) . Customer Contact List (12pts) . Vendor Contact List (17pts) 2 Short Answers. (35pts) Please type your response and pay attention to your spelling and grammatical rules. 1) You have switched you company accounting records to QuickBooks using the EasyStep Interview window and QuickBooks Setup window. What would you do to customize the Chart of Accounts List created by QuickBooks? (10pts) You are reviewing the new company file you created in QuickBooks using EasyStep Interview and QuickBooks Setup, and you notice there are no balances in the revenue and expense accounts. Why is this, and how would you correct it? (15pts) You have created an Inventory account and a Cost of Goods Sold account, but every time you add a new inventory part item to the Item List, QuickBooks creates an Inventory Asset account and Cost of Goods Sold account. Why does this happen and how can you correct it? (10pts) 2) 3) Page 1 of 1 Short Answers. (35pts) ease type your response and pay attention to your spelling and grammatical rules You have switched you company accounting records to QuickBooks using the EasyStep Interview window and QuickBooks Setup window. What would you do to customize the Chart of Accounts List created by QuickBooks? (10pts) You are reviewing the new company file you created in QuickBooks using EasyStep Interview and QuickBooks Setup, and you notice there are no balances in the revenue and expense accounts. Why is this, and how would you correct it? (15pts) You have created an Inventory account and a Cost of Goods Sold account, but every time you add a new inventory part item to the Item List, QuickBooks creates an Inventory Asset account and Cost of Goods Sold account. Why does this happen and how can you correct it? (10pts) Page 1 of 1