• Week 10 Assignment 2 - Competency in QuickBooks Online
• Overview
• You have been hired by Rain Cross Auto Detail to manage their accounting operations. The first thing you will need to do is to create their accounting operations in QuickBooks Online. You will use the information from Chapter 13in QuickBooks Online - Comprehensiveto complete this project.
• If you already downloaded the Zip file under Course Info or Preparation, you do not need to download the files again.
• DownloadChapter 13 Files [ZIP].
• Ask your instructor for information about downloading the Free Trial ofQuickBooks.
• Instructions
• Part I:
• Create the new Rain Cross Company in QuickBooks Online using the information provided in Chapter 13 and submit the reports listed as Deliverable I for grading.
• Part II:
• Record the transactions for Week 1, 2, 3, and 4 using the information provided in Chapter 13 and submit the reports listed as Deliverable II for grading.
• Part III:
• Record the transactions for Week 5 using the information provided in Chapter 13 and submit the reports listed as Deliverable III for grading.
• Part IV:
• Write a 2-3 page memo in which you summarize the firm's financial position, based on the information you provided in Part III. As part of your analysis, include information that discusses the firm's liquidity and profitability by performing ratio analyses such as current ratio,quick ratio, andprofit margin.
• The memo will be submitted electronically as a Microsoft Word document with SWS formatting.
• This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
• The specific course learning outcome associated with this assignment is:
• Generate accounting records and reports through the use of various functions and applications in QuickBooks.