Question: 2 2 . 2 2 nd of this month Categorize credit card transactions Jane has asked you to categorize all the transactions in the MasterCard

22.22nd of this month
Categorize credit card transactions
Jane has asked you to categorize all the transactions in the MasterCard feed. Categorize each transaction in
QuickBooks including all expenses and income. (Remember: select HST as the Tax category for all transactions
except for the Annual Fee charged by the credit card company.)
a. Canadian Tire, Expense: Vehicle
b. Petro Canada, Expense: Vehicle
c. Stihl Power Equipment, Expense: Tools (Hint: youre not sure what account to use)
d. Annual Fee, Make the Payee: Mastercard, Expense: Bank charges, Number: 655, Tax: 0%
e. Google AdWords, Expense: Google Ads
f. Petro Canada, Expense: Vehicle (Hint: say yes to use the same category for all expenses from Petro
Canada.)
g. Marriott, Expense: Travel
h. Staples, Expense: Office Supplies Expenses

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!