256 OKS ONLINE PLUS: A Complete Course 2016 END-OF-CHAPTER QUESTIONS TRUE/FALSE ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED B NUMBER 1. When a bill has been recorded, you may pay it using Pay Bills or b y writing a check manually. 2. You may access a Bill by clicking the Recent Transactions icon. 3. You can add a new account while recording a bill. 4. The Pay Bills window does not tell you which bills are overdue. -5. On the Pay Bills Screen, QuickBooks Online inserts the amount for Credit Applied when the bill is selected for payment. 6. A prepaid expense is an asset. 7. A bill must be voided manually. 8. The Bill Payment List report tells you which bills have not been paid. 9. A Vendor Credit increases the amount you owe a vendor. 10. When you use Compare to view an Audit History for a transaction, the original transaction amount is highlighted. MULTIPLE CHOICE WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER 1. When you record a bill,it must be paid A. With Petty Cash B. By writing a Check C. Using Pay Bills D. All of the above 2. Which of the following would not be a prepaid expense? A. Equipment Renta B. Insurance C. Office Supplies D. None of the above