Multiple Choice
The journal entry behind the screen that QuickBooks creates when a customer's payment is received and recorded using the Receive Payment window includes:
A) Debit Accounts Receivable; Credit Checking account
B) Debit Checking account; Credit Accounts Receivable
C) Debit Undeposited Funds account; Credit Accounts Receivable
D) Debit Accounts Receivable; Credit Undeposited Funds account
Correct Answer:
Verified
Correct Answer:
Verified
Q13: When recording a customer payment from a
Q14: Sales in QuickBooks can be recorded with
Q15: When recording a customer payment from a
Q16: To increase collections of payments,you can use
Q17: List two different methods of accounting for
Q18: To create the Aging of Accounts Receivable
Q20: Credit sales to customers are:<br>A)Recorded using the
Q21: To record a sales transaction,use:<br>A)Create Purchase Order
Q22: What QuickBooks activity comes next in this
Q23: All the reports below provide information about