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7) When a credit sale is recorded on an invoice, QuickBooks ro A) An increase to Sales and an increase to Accounts Payable B) An

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7) When a credit sale is recorded on an invoice, QuickBooks ro A) An increase to Sales and an increase to Accounts Payable B) An increase to Sales and a decrease to Accounts Receivable C) An increase to Sales and an increase to Accounts Receivable D) A decrease to Sales and a decrease to Accounts Payable 8) - ng means of payment, except: 9) - 8) Sales in QuickBooks can be recorded with all the following means of payme A) Cash B) Check C) Purchase Order D) Credit Card 9) To increase collections of payments, you can use all the following QuickBooks featu n use all the following QuickBooks features, except: A) Customers with Open Invoices Report B) Accounts Payable Aging Report C) Collections Report D) Accounts Receivable Aging Report 10) - 10) Which one of the following activities is not shown in the Customers section of the Home Page? A) Make Deposit B) Create Sales Receipts C) Receive Payments D) Create Invoices 11) 11) The Undeposited Funds account contains: A) Funds received from customers but not deposited in the bank B) Only partial payments received from customers C) Petty Cash funds D) Funds the company owes vendors 12 12) When an invoice is created in QuickBooks using the Create Invoices window, QuickBooks: A) Decreases a Sales account and decreases the Checking account B) Decreases the Accounts Payable account and increases the Checking account C) Increases the Accounts Receivable account and increases the Checking account D) Increases a Sales account and increases the Accounts Receivable account

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