1. Which form might be used to record a customer order before the items are shipped?

a. Delayed Charge

b. Delayed Credit

c. Invoice

d. Sales Receipt

2. Credit card processing fees charged by merchant banks _________________.

a. can be recorded when the deposit is recorded

b. can be recorded using a journal entry

c. can be recorded when the fee is known by editing the deposit transaction

d. All of the above are options for recording credit card fees.

3. When a bounced customer check is recorded, which account should QBO credit for the amount of the customer check?

a. Cash (or Checking)

b. Bad debt expense

c. Accounts payable

d. Unearned revenue e. Undeposited funds