Task 2 July21 Riskco transactions to be processed

Instructions

Step 1 Process the supplier invoice transactions for July2021 using the enter purchases feature. Please ensure that you use the correct amounts, GST information, and supplier, include detailed descriptions and correct dates.

Step 2 Process the customer invoice transactions for July2021 using the enter sales feature. Please ensure that you use the correct amounts, GST information, and supplier, include detailed descriptions and correct dates.

Step 3 Process the credit card transaction for July2021 using the enter purchases function. Please ensure that the correct suppler details, GST, amounts and dates are included.

Step 4 Process the Bpay transaction for July21 using the enter purchases function. Please ensure that the correct supplier details, GST amounts and dates are included.

Step 5 Using the pay bills function please process the invoices that have been paid on the July21 bank statement.

Step 6 Enter the correct payroll information for July 21. Process the pay for July21 (use the process pay option).

Step 7 Check the July21 bank statement to determine which transactions have been paid and process them using the 'pay bills option.'

Step 8 Produce the following reports (please send them as one PDF file) and check for accuracy (and make corrections where necessary) as at 31.7.21:

• Bank reconciliation report (as there should be no outstanding transactions this should agree to the closing balance of the July21 bank statement).
• Trial balance
• Balance sheet
• Profit and loss
• Pay details report
• Goods and services tax accrual report
• Accounts receivable and accounts payable report