4.19. QUICKBOOKS DESKTOP 2018: A Complete Course If the adjusting entry to transfer Net Income/Owner's Equity into the owner's capital account is made prior to the end of the year, the Balance Sheet shows A. Owner's Equity B. Net Income C. both Net Income and Owner's Equity D. none of the above because the income/earnings has been transferred into capital 4.20. The type of Balance Sheet Report showing information for today and a year ago is a Balance Sheet. FILL-IN A. Standard B. Summary C. Comparison D. Detailed Course IN THE SPACE PROVIDED, WRITE THE ANSWER THAT MOST APPROPRIATELY COMPLETES THE SENTENCE. 4.21. Report Preferences are selected to set the report default as or. -basis. 4.22. Bank reconciliations should be performed on a(n) -basis ago is Course basis. 4.23. In a sole proprietorship, an owner's paycheck is considered a(n) 4.24. Exporting report data from QuickBooks Desktop to "what if" scenarios. I can be made to perform 4.25. The Cash Flow Forecast Projected Balance column shows the total in all bank accounts if payments are made on time. all SHORT ESSAY and is Describe the steps used to record an automatic loan payment that appears on a bank statement.