Question

Project 3.1 is a continuation of Project 2.1. You will use the QBO Company you created for Project 1.1 and updated in Project 2.1. Keep in mind the QBO Company for Project 3.1 does not reset and carries your data forward, including any errors. So it is important to check and crosscheck your work to verify it is correct before clicking the Save button. Mookie The Beagle™ Concierge provides convenient, high-quality pet care. Cy, the founder of Mookie The Beagle™ Concierge, asks you to assist in using QBO to save time recording transactions for the business.

P3.1.6 Invoice Transaction It is recommended that you complete Chapter 3 Project part P3.1.1 prior to attempting this question. Using the Mookie The Beagle™ Concierge app, Graziella requests pet care services for Mario, her pet Italian Greyhound, during an unexpected 2-day out of town business trip. Services provided by Mookie The Beagle™ Concierge were as follows. Pet Care: Intensive (48 hours total)
1. Complete an Invoice.
a) Select Create (+) icon > Invoice
b) Add New Customer: Mario Graziella
c) Select Invoice Date: 01/04/2022
d) Select Product/Service: Pet Care: Intensive
e) Select QTY: 48
f) Rate and Amount fields should autofill
g) What is the Balance Due for the Invoice?
(Answer this question in the table shown below. Round your answer 2 decimal places.) h) Select Save. Leave the Invoice window open.
BALANCE DUE FOR THE INVOICE=_______________
2. View the Transaction Journal for the Invoice.
a) From the bottom of the Mario Invoice, select More > Transaction Journal
b) What are the Account and Amount Debited? (Answer this question in the table shown below. Round your answer 2 decimal places.)
c) What are the Account and Amount Credited? (Answer this question in the table shown below. Round your answer 2 decimal places.)
ACCOUNT AMOUNT ________
DEBIT ____________________ _________________

CREDIT____________________ _________________

Answer 1

To complete the Invoice transaction in Project 3.1, follow these steps:

1. Complete an Invoice:
a) Click on the Create (+) icon and select Invoice.
b) Add the new customer "Mario Graziella".
c) Set the Invoice Date to 01/04/2022.
d) Select "Pet Care: Intensive" from the Product/Service dropdown.
e) Set the QTY (quantity) to 48.
f) The Rate and Amount fields should autofill.
g) To find the Balance Due for the Invoice, calculate the total amount by multiplying the Rate by the QTY. Round your answer to 2 decimal places.

BALANCE DUE FOR THE INVOICE = Rate x QTY = _______________

h) Click on Save to save the Invoice. Keep the Invoice window open.

2. View the Transaction Journal for the Invoice:
a) Scroll to the bottom of the Mario Invoice and select More, then click on Transaction Journal.
b) In the table shown below, identify the Account and Amount that is debited. Round your answer to 2 decimal places.

ACCOUNT: ____________________
DEBIT: ______________________

c) In the same table, identify the Account and Amount that is credited. Round your answer to 2 decimal places.

ACCOUNT: ____________________
CREDIT: _____________________

Please fill in the blanks with the correct account names and amounts based on your specific QBO data.