5. When you pay a bill with a cheque, Chequing and A. Accounts Payable decrease. Paragraph Styles B. Accounts Receivable C. Pay Bills D. Equity 6. If the agreed-upon payment terms are Net 30, what does this report indicate? Long for Success Event Planning A/P AGING DETAIL All Dates DATE TRANSACTION TYPE SUPPLIER DUE DATE PAST DUE AMOUNT OPEN BALANCE FOREIGN AMOUNT FOR -6100 days part due 16/06/20xx 24/06/200X Total for 51 90 days past due Kristina Gibson 30/06/20xx 30,06/20xx 50651 50851 226.00 $734.51 226.00 $734.51 50831 A. Two customers have not paid their invoices within the agreed-upon payment terms. B. Long for Success needs to implement more aggressive collection practices so customers pay their invoices in a timely m C. Long for Success has not paid two suppliers in accordance with the payment terms. D. Long for Success has paid all outstanding bills within 30 days. 7. Why create purchase orders? A. You can track products that have already been ordered. B. Purchase orders immediately post to Cost of Goods Sold. C. They auto-convert into expenses upon receipt of the items. D. Inventory is adjusted when purchase orders are created. 190 words D English (United States) Accessibility: Investigate chapp # hp 80 2 indo Chipboard t Font Paragraph Styles 8. Match each term to its description. Descriptions A. shows names, contact info and opening balances B. can be created when filling in an expense form C. displays supplier information and transactions D. provides a high-level overview of Accounts Payable 9. What is NOT a way you can add suppliers Into QBO? Terms 1. the Expenses centre 2. the money bar 3. the Supplier list 4. a new supplier A. Use the Import Data tool to pull in suppliers from an Outlook PST file. B. Import from an Excel or CSV file. C. Add them manually in the Suppliers list. D. Add them as you create supplier transactions. 10. Elliott is cleaning out his Supplier list. What should he do with suppliers he hasn't worked with in some time and doesn't expect to work with a A. Delete them. B. Vold the account. C. Merge them into one record. D. Make them Inactive