Accounting Information System

P-6-2 Larry’s Landscaping & Garden Supply – Purchases, disbursements, and accounts payable.

You know that beginning accounts payable, plus purchases on account minus purchase returns and

allowances, minus payment on account equals ending accounts payable. Show that reconciliation by using

the information available in QuickBooks for December 15, 2022 and beginning (November 30, 2022) and

ending (December 15, 2022) accounts payable.

This is my first accounting class that I have to use any form of QuickBooks. We had to install QuickBooks

2018 on our desktop. Is there a particular report that I need to open to answer this question? I don’t know

where to begin to answer it. Do I have to calculate (beginning accounts payable, plus purchases on

account minus purchase returns and allowances, minus payment on account equals ending accounts

payable)? Can you give me a step-by-step break down? Do I have to create an excel sheet?

Sample Solution

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