Entering Transactions in QuickBooks Online for January 2023:

- Create a new account in Chart of Accounts for BPI account.

- From the QuickBooks Online homepage, go to the Accounting menu and select Chart of Accounts.

- Click on New and select Bank as the account type.

- Fill out the necessary information for the account including the account name, account number, and opening balance of P100,000.

- Save the account.

- Record the purchase of office supplies on account.

- From the QuickBooks Online homepage, go to the + New button and select Expense.

- Choose the vendor Maharlika Merchandising from the dropdown list or add a new vendor.

- Enter the expense details including the amount of P1,500, the account to charge (Office Supplies), and the due date.

- Save the expense.

- Record the payment made to Maharlika Merchandising.

- From the QuickBooks Online homepage, go to the + New button and select Expense.

- Choose the vendor Maharlika Merchandising from the dropdown list.

- Enter the payment details including the amount of P500, the account to charge (Accounts Payable), and the payment method (check or bank transfer).

- Save the expense.

- Record the payment for cleaning services to Clean as we go.

- From the QuickBooks Online homepage, go to the + New button and select Expense.

- Choose the vendor Clean as we go from the dropdown list or add a new vendor.

- Enter the payment details including the amount of P1,225, the account to charge (Cleaning Services), and the payment method (check or bank transfer).

- Save the expense.

- Record the loan for the purchase of the building.

- From the QuickBooks Online homepage, go to the + New button and select Loan.

- Enter the loan details including the loan amount of P50,000, the loan term, and the interest rate.

- Save the loan.

- Create a purchase order for the Nike shoes from NBA Supplies Co.

-From the QuickBooks Online homepage, go to the + New button and select Purchase Order.

- Choose the vendor NBA Supplies Co from the dropdown list or add a new vendor.

- Enter the details of the purchase order including the quantity, description, and price of the 50 pairs of Nike shoes for P8,000.

- Save the purchase order.

- Record the cash payment received from Juan dela Cruz for bookkeeping services.

- From the QuickBooks Online homepage, go to the + New button and select Sales Receipt.

- Enter the customer name Juan dela Cruz, the payment amount of P20,800, and the account to credit (Bookkeeping Services).

- Save the sales receipt.

- Record the issuance of invoices to customer Pedro for bookkeeping services.

- From the QuickBooks Online homepage, go to the + New button and select Invoice.

- Choose the customer Pedro from the dropdown list or add a new customer.

- Enter the details of the invoice including the quantity, description, and price of the bookkeeping services for P12,500 each.

- Save the invoice.

- Record the receipt of inventory from NBA Supplies Co.

- From the QuickBooks Online homepage, go to the + New button and select Inventory.

- Choose the vendor NBA Supplies Co from the dropdown list or add a new vendor.

- Enter the details of the inventory received including the quantity, description, and cost of the 50 pairs of Nike shoes.

- Save the inventory.

- Record the cash payment made to PBA Merchandising for the Spalding balls.

- From the QuickBooks Online homepage, go to the + New button and select Expense.

- Choose the vendor PBA Merchandising from the dropdown list or add a new