Task
Exercise #1 — Use Quick Transfer to move $10,000 from the Building Fund to the Library Fund.
Use the following information to complete the exercise.
Date: Press Enter to accept the default date.
From: 1026 Building Fund
To: 1040 Library Fund
Amount: $10,000
Description: Buy books for library
Exercise #2 — Set up a recurring journal entry for the above money transfer to last one year.
Use the following information to complete the exercise.
Name: Library Fund money
Option: Select Use same amount each time.
Recurring Type: Number of Times
Recurring Period: Monthly
Max # of Times: 12
Distribution: 1026 Building Fund, Credit $10,000 and 1040 Library Fund, Debit $10,000
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