9. Lists are groups of names such as customers, vendors, employees, iterns, and accounts. 10. QuickZoom can provide more information from a balance sheet by providing detail which underlies a particular account balance. For instance, QuickZoom can be used to view transactions which support the Accounts Receivable account 11. 1. QuickBooks Accountant provides many time period alternatives for the income statement including today, this week, last month, etc 12. 1. The three sections of the statement of cash flows are operating activities, investing activities, and reconciling activities. 13. 1. The Accounts Payable Aging report provides information on each customer's account balance, such as if balances are current or past due, if they are past due how old they are, and total balances receivable from all customers by date. 14. 1. An Inventory Valuation Summary lists all items on hand as of a specific date and provides information on quantity, average cost, and asset value. 15. In the Payroll and Compensation Info tab, you must identify the employee's hourly/annual rate; the pay frequency; their marital status; whether they are subject to Medicare, Social Security, and federal unemployment insurance; and whether they are subject to state tax withholding. 16. Purchase orders are closed out when checks are written to pay for items received and matched to a specific purchase order. | # | 17 . An account used to record cash receipts not yet deposited to the bank is the Undeposited Funds account. 1 1 8. A loan amortization schedule contains the payment amount and that portion which represents interest expense and principal reduction. e19. Entries made on the first of the following month that offset adjusting entries recorded in the previous period are called reversing entries