Open your QuickBooks Online company. Complete Chapter 7s hands-on work and step-by-step activities presented on pages 349-381. To answer the questions below, use the information in QuickBooks from your Chapter 7 work.

Required:

1. What is the account balance from 1/1/20XY (next year) in each of these accounts? Indicate whether these accounts have a debit (dr.) or credit (cr.) balance.
2. What are the total current assets?
3. What are total liabilities and equity?
4. What is the total amount owed by customers?
5. List customer name(s) and payment(s) owed.
6. What is the total amount due to vendors?
7. List vendor name(s) and amount(s) due.
8. The Application Programming Interface shows how:
9. QBOs modules include:
10. The Application Programming Interface identifies invoices, sales receipts, credit memos, payments and refunds as:
11. The Application Programming Interface identifies bills, bill payments, purchases, purchase orders, and vendor credits as:

[The following information applies to the questions displayed below.]

Open your QuickBooks Online company. Complete Chapter 7s hands-on work, step-by-step activities, and Exercises 7-1, 7-2, and 7-3 on pages 349 to 386. To answer the questions below, use the information in QuickBooks from your Chapter 7 work.

Required:

In the table below, match the appropriate report description with each of the given report names.

Open your QuickBooks Online company. Complete Chapter 7s hands-on work, step-by-step activities, and Exercises 7-1, 7-2, and 7-3 on pages 349 to 386. To answer the questions below, use the information in QuickBooks from your Chapter 7 work.

Required:

For the invoice numbers and due dates shown below, match the corresponding vendor or customer name and the balance.

Note: Enter 0 for accounts that have a zero balance. Round your answers to 2 decimal places.

Open your QuickBooks Online company. Complete Chapter 7s hands-on work, step-by-step activities, and Exercises 7-1, 7-2, and 7-3 on pages 349 to 386. To answer the questions below, use the information in QuickBooks from your Chapter 7 work.

Required:

1. Why are the account balances on the Trial Balance displayed on textbook page 354 different than the Adjusted Trial Balance on page 361?
2. What are the differences on the Exercise 6-2 Profit and Loss and the Profit and Loss after adjustments? Type the appropriate answer.
3. Select the appropriate calculation that shows the Net Income (or Net Loss) after adjustments?