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2- Which behind-the-scenes image shows what happens when you write a check on March 1 to purchase a service that will be consumed over six
2- Which "behind-the-scenes" image shows what happens when you write a check on March 1 to purchase a service that will be consumed over six months? A. B C D. 3- What is this? A. An unscheduled Journal Entry B. Recording uncollectable receivables C. Logging the usage of a prepaid service D. Setup of a recurring transfer 4- Match the recurring transaction type with the examples of what you'd use it for. TYPES EXAMPLES A. Scheduled 1. Invoice template used in rare circumstances B. Reminder 2. Gas bill, cellphone bill C. Unscheduled 3. Automobile loan, mortgage payment 11-What is an account such as Prepaid Rent used for? A. To match income with expenses B. To track rent payments C. To track tax that has been collected D. To hold funds that will be paid to the landlord
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