5 Modify an existing vendor (use Help to learn how to do this) a. Company - Chase Bank b. Address - 416 West Jefferson, Louisville, KY, 40202, Terms: Due on receipt 6 Create a new service item as follows: a. Name/Description - Consulting b. Description - You sell this product/service to my customers c. Sales price/rate - $350 d. Income account - Consulting e. Nontaxable f. Purchasing information - No you don't purchase this service from a vendor 7 Modify two existing service items (use Help to learn how to do this) a. Old name/Description - Technical Solutions - New name/Descrip- tion - Technical Solutions - Commercial b. Old name/Description - Program Support - New name/Descrip- tion - Program Support - Government 8 Add two new inventory products a. First product i) Name - Computer Workstation 100 ii) Initial quantity on hand - 0 iii) As of date - 12/31/2021 iv) Inventory asset account - Inventory v) Description - Computer Workstation 100 vi) Sales price/rate - $15,000 vii) Income account - Sales viii) Taxable - standard rate ix) Purchasing Information - Computer Workstation 100 x) Cost - $7,000 xi) Expense account - Cost of Goods Sold 5 Modify an existing vendor (use Help to learn how to do this) a. Company - Chase Bank b. Address - 416 West Jefferson, Louisville, KY, 40202, Terms: Due on receipt 6 Create a new service item as follows: a. Name/Description - Consulting b. Description - You sell this product/service to my customers c. Sales price/rate - $350 d. Income account - Consulting e. Nontaxable f. Purchasing information - No you don't purchase this service from a vendor 7 Modify two existing service items (use Help to learn how to do this) a. Old name/Description - Technical Solutions - New name/Descrip- tion - Technical Solutions - Commercial b. Old name/Description - Program Support - New name/Descrip- tion - Program Support - Government 8 Add two new inventory products a. First product i) Name - Computer Workstation 100 ii) Initial quantity on hand - 0 iii) As of date - 12/31/2021 iv) Inventory asset account - Inventory v) Description - Computer Workstation 100 vi) Sales price/rate - $15,000 vii) Income account - Sales viii) Taxable - standard rate ix) Purchasing Information - Computer Workstation 100 x) Cost - $7,000 xi) Expense account - Cost of Goods Sold