Resources: QuickBooks® Online Assignment Supplementary Material, and Ch. 3 -Transactions and Trial Balance PresentationAccess QuickBooks® OnlineUsing the QuickBooks® Online Assignment Supplementary Material and the Ch. 3 -Transactions and Trial Balance Presentation, create the following 10 transactions for Sierra Corporation.Part 14 deposits received:10/1/2013-$10,000 deposit in exchange for $10,000 worth of common stock.10/1/2013-$5,000 deposit in exchange for a note payable.10/2/2013-$1,200 deposit for unearned service revenue (cash advance) from client R Knox.10/3/2013-$10,000 deposit for service revenue earned.5 checks written:10/2/2013-$5,000 check written to Superior Equipment Sales for Equipment10/3/2013-$900 check written to landlord for monthly rent10/4/2013-$600 check written to insurance company for prepaid insurance10/20/2013-$500 check written to shareholders for dividends10/26/2013-$4,000 check written to employees for salaries1 journal entry made:10/5/2013-Purchase supplies (debit supplies) on account (credit accounts payable) for $2,500.Part 2Using the input from Part 1, create a Trial Balance:Select ‘Reports’ from the menu along the left-hand side.In the Go to reports search-box, type Trial Balance.Select Trial Balance from the suggestions drop-down.Input directly or select the dates to run the report. These dates should correspond to the Sierra Corporation data you input.Select the Excel tab at the top left of your screen to export this information into an Microsoft® Excel® document.
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