Multiple Choice
When customer payments are recorded in the Receive Payments window,QuickBooks records:
A) An increase in the Checking account
B) An increase in Undeposited Funds account
C) An increase in Accounts Receivable
D) An increase in Sales
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Briefly explain how to record an owner's
Q12: Credit sales are recorded using the _
Q14: To print the General Ledger, select:<br>A)Report Center
Q16: Briefly explain the difference between a permanent
Q18: To print the Statement of Cash Flows,
Q18: QuickBooks automatically closes _ accounts to start
Q22: To print the entire Journal, select:<br>A)Report Center
Q24: To record the payment of bills received
Q24: To record a cash purchase, use the:<br>A)Pay
Q25: To print the Trial Balance, select:<br>A)Report Center