223 QUICKBOORS ONLINE PLUS. Umpion 3.13. A Credit Memo is prepared to record a reduction to a transaction recorded on an) A. Sales Receipt B. Invoice C. Deposit Slip D. Payment Receipt 3.14. When payment is made by the customer at the time of the sale, the transaction is recorded on a(n) . A. Invoice B. Payment Receipt C. Sales Receipt D. Refund Receipt payment. 3.15. When a payment is made for a sale on account, it may be a A. Full B. Partial C. Both A and B D. Pay in advance 3.16. QuickBooks Online does not print A. Invoices B. Sales Receipts C. Credit Memo and/or Refund Receipts D. Receive Payments . 3.17. Receive Payments is used to record an) A. Payment for an Invoice B. Cash Sale C. Refund D. Bank Deposit 3.18. To view all entries recorded in Debit/Credit format, you prepare a A. Journal B. Trial Balance C. Customer Balance Summary D. Transaction List report @dela di di di di 3.19. When receiving a partial payment for an Invoice, QuickBooks selects the Invoice. A. Most recent B. Largest balance C. Oldest D. None of the above 224 CHAPTER 3-Sales and Receivables: Service Items 3.20. Reports may be A. Printed B. Exported to Excel C. Emailed D. All of the above FILL-IN IN THE SPACE PROVIDED, WRITE THE ANSWER THAT MOST APPROPRIATELY COMPLETES THE SENTENCE 3.21. The Plus icon is located on the Bar. To decrease an amount 3.22. To refund money to a customer, you prepare a owed for an invoice, you prepare a 3.23. The report that shows all of the entries made into each account in the Chart of Accounts 3.24. The report. report prints the current date that cannot be changed at the top of the account 3.25. Cash and checks received from customers are entered into the until the bank deposit is made. COMPUTER ASSIGNMENT REFER TO PRINTOUTS OR USE QUICKBOOKS ONLINE AND YOUR NAME'S BEACH BARKERS TO LOOK UP OR ENTER INFORMATION, AND THEN WRITE THE ANSWERS TO THE FOLLOWING EXERCISES IN THE SPACE PROVIDED 3.26. How much was the bank deposit on January 17, 2017?! 3.27. What business form did you use to record the reduction of one day of Day Camp for Ashley Rhodes on January 12, 2017? 3.28. What business document did you complete to record Joshua Davis' purchase of 1 hour Dog Walking, 1 Brushing, 1 Poop Scoop, and 3 hours Transportation on January 15, 2017? 3.29. Prepare a Sales by Product/Service Summary report for January 1-17, 2017 Which sales item had the largest quantity? Which item generated the largest amount of Revenue? 3.30. What account was used for Receive Payments from Larry Bailey? 225 QUICKBOOKS ONLINE PLUS: A Complete Course 2017 3.31. Prepare a Customer Balance Summary report as of January 17, 2017. Which customer(s) has/have the largest balance? 3.32. How much is the largest customer balance? 3.33. How much does Gloria Gucci owe on her account on January 17, 2017? 3.34. How much does Joshua Davis owe as of January 17, 2017? 3.35. Go to Reports, Review Sales, and prepare a Sales by Customer Summary report for January 1-17, 2017. What is the total? CHAPTER 3 CHECKLIST The checklist below shows all of the business forms printed during training. Check each one that you printed, exported, and/or submitted. 1-Inv 1015 G Gucci 2-Inv 1016 P Vines 3-Inv 1017 E Perez 4-Inv 1018 B Clark 22-Sales by Cust Detail Ch 3 23-SR 1029 G Gucci Corrected 24-Sales by Prod-Svc Sum Ch 3 25-CM 1030 A Rhodes nafund Dot 1031 G Gucci