Response to the following problem:
1. What is account balance from 10/1/20XX to 11/30/20XX in these accounts? Indicate whether these accounts have debit (dr.) or credit (cr.) balances.
Account 101 Checking ___
Account 105 Accounts Receivable ___
Account 115 Merchandise Inventory __
Account 401 Sales _
Account 501 Cost of Goods Sold _
Account 603 Bank Charges __
2. What is Net Income?
3. What are the total Liabilities and Equity?
4. What is the quantity, asset value, and average cost of computers?
5. What is the quantity, asset value, and average cost of data storage?
6. What is the quantity, asset value, and average cost of network products?
7. What is the quantity, asset value, and average cost of web servers?
8. What is the quantity, asset value, and average cost of webinars?
Book - Computer Accounting with Quickbooks Online - Carol Yacht.