The Write Checks window debits the following account: Question 23 options: The Expense account selected You need to select the account credited not debited Account No. 1010, Money Market Account No. 1040, IRA Savings Account No. 1020 Checking Account
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The Write Checks window debits the following account:
Question 23 options:
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The Expense account selected |
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You need to select the account credited not debited |
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Account No. 1010, |
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Account No. 1040, IRA Savings |
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Account No. 1020 Checking Account |
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- 9) When a customer deposit is recorded using the Make Deposits window, behind the screen QuickBooks converts the transactions into a journal entry that:A) Debits Checking account, Credits Undeposited FundsB) Credits Checking account, Debits Undeposited FundsC) Debits Checking account, Credits Accounts ReceivableD) Debits Accounts Receivable, Credits Checking account Group of answer choices A B C DHow do you record a debit card purchase in Quickbooks? A. Use the Enter Bills window to enter the information, then immediately go to the Pay Bills window and prepare th check. B. Prepare a journal entry to debit the expense account of the purchase and credit cash. C. Wait until you do the bank reconciliation and enter one journal entry for all of your debit card purchases. D. Using the Write Checks window, in the No. field,type “Debit.” Enter the vendor name and amount in the check area.Direction: Match the following bank accounts to its usage or description listed below. Write your answer on the blank before the number. Choose from the following Savings Account Current Account Time Deposit UITF _________________1. The simplest form of bank account. _________________2. A bank account which cannot be withdrawn until the contract period has ended. _________________3. It is a type of bank account that pooled funds managed by experts to ensure high yield and quality returns. _________________4. It allows a limited number of withdrawals only. _________________5. It makes saving very rewarding. _________________6. It allows numerous withdrawals with a large sum of money. _________________7. The investors earn through the increase in fair value of the pooled fund. _________________8. The investors earn through interest while saving. _________________9. This bank account comes with atm or passbook. ________________10. This is evidence by a…
- An adjusting entry is required for: Select one© a. Deposit în transit.O b. Outstanding checksO c. Bank errorsO d. Collection of a note by the bankA ezto.mheducation.com Question 46 - Exam 1- Connect M MHE Reader * Start Page Exam 1 360/500 Total points awarded Submitted Help Exit 46 In QuickBooks Online, if the Deposit to: Undeposited Funds account is selected on the Invoice, then funds are recorded directly in the 0/10 Multiple Choice points awarded Scored Company owner's checking account. Petty Funds account. Checking Account. Undeposited Funds account. Mc Graw HillEnrichment Activity 8-2. Preparation of Deposit Slip ( After the collections and sales for March 25, 2020, Rosemarie B. Luzvimin is to prepare her deposit slip for the following collections: P1,000 bill 3 pcs. P20 bill 13 pcs. 500 bill 6 pcs. 10.00 coin 3 рcs. 200 bill 1 pcs. 9 pcs. 5.00 coin 100 bill 8 pcs. 1.00 coin 3 pcs. 50 bill 14 pcs. .25 coin 2 pcs. Checks to be deposited: BDO Check Tanauan Branch Check No. 14578 amounting to P5,500 BPI Check Malvar Branch Check No. 454532 amounting to P9,000 Landbank Tanauan Bracnh Check No. 789923 amounting to P12,250 Requirement: Prepare the deposit slip/s for all the collections using the account name of the owner with her account number of 0070425184882. (Remove the first numbers if the spaces for account number is not enough)
- Can you help me with these practice question with quickbooks please To begin connecting bank accounts from the Dashboard, which tab would you start with? A. The Business Overview tab B. Link Accounts C. REview Transactions D. Categorize You are reviewing downloaded bank and credit card transactions. Which action is NOT true: A. ADD - records the transaction in your register B. MATCH - records the transaction in your register C. SPLIT - allows you to choose more than one category for a transaction D. VIEW - shows you the transactions that are possible matches7) When recording a customer credit card payment on account using QuickBooks, select:A) Create Invoice > Customer Payment > Customer & Job NameB) Create Sales Receipt > Record DepositsC) Receive Payment > Select Customer & Job Name > Select Payment Method and enter credit card informationD) Make Deposit > Select Customer & Job Name > Select Payment Method and enter credit card information Group of answer choices A B C DThe following are selected transactions related to purchases on account and cash payments completed during April of the current year. Issued Check No. 60 in payment of rent for month, $2,400. Apr. 1 Purchased office supplies from Clauson Co., $850. Issued Check No. 61 to Dame Co. for $9,750 for cash purchase of equipment. Purchased store supplies from Ewing Co., $425. 10 Issued Check No. 62 to Clauson Co. in payment of April 5 invoice. 15 Purchased store supplies from Patton Co., $7,500. 17 Issued Check No. 63 to Ewing Co. in payment of April 10 invoice of $425. 20 Purchased equipment from Sloan Co., $7,750. 25 Issued Check No. 64 to Patton Co. for partial payment of the April 17 invoice, $4,000. 27 Purchased office supplies from Winthrop Co., $400. 30 Record the transactions in the purchases and cash payments journals. a. b. Total and rule the purchases and cash payments journals as of April 30. c. Indicate the method of posting the individual items and the totals of the purchases and…
- Matching Question Match the banking term on the left with its definition on the right. Drag and drop application. Deposit ticket Deposit ticket drop zone empty. Check Check drop zone empty. Bank account Bank account drop zone empty. Remittance advice Remittance advice drop zone empty. Electronic funds transfer Electronic funds transfer drop zone empty. Lists currency, coins and checks deposited into an account Explains the reason for payment Used to deposit money for safekeeping and help control withdrawals. A document signed by the depositor instructing the bank to pay a specified amount of money Electronic transfer of cash from one party to anotherHow can a customer pay an emailed QuickBooks Online invoice via credit card? A. Send a message via the message feature with their credit card number B. Select Review and pay > Apply for account > Pay C. Print off a form and then enter and send their credit card details and authorization D. Select Review and pay > Enter payment details > PayThe accompanying table, Data table Date Deposit (Withdrawal) Date Deposit (Withdrawal) 1/1/20 $8,000 1/1/22 $3,272 1/1/21 $(6,540) 1/1/23 $5,255 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) , shows a series of transactions in a savings account. The account pays 5% simple interest, and the account owner withdraws interest as soon as it is paid. Calculate the following: a. The account balance at the end of each year. (Assume that the account balance at December 31, 2019, is zero.) b. The interest earned each year. c. The true rate of interest that the investor earns in this account. Question content area bottom Part 1 a. The account balance at the end of 2020 is $8,0008,000. (Round to the nearest dollar.) Part 2 The account balance at the end of 2021 is $1,9531,953. (Round to the nearest dollar.)