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CHAPTER 6-Sales and Receivables: Product and Service Items 383 END-OF-CHAPTER QUESTIONS TRUE/FALSE ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER 1.

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CHAPTER 6-Sales and Receivables: Product and Service Items 383 END-OF-CHAPTER QUESTIONS TRUE/FALSE ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER 1. If a customer issues a check that is returned marked NSF, you may charge the customer the amount of the bank charges and any penalty charges you impose. 2. A Logo authorizes you to access custom forms. 3. Each Location of the business may use a different address and phone number. 4. Sales discounts are always calculated after sales tax has been entered. 5. All payments received by QuickBooks Online, including debit cards and credit cards, are placed in Undeposited Funds until the bank deposit is made. 6. Terms of 2% 10 Net 30 are used for NSF Check penalties. 7. Sales tax is a fee charged by government agencies on sales of products. 8. A Delayed Charge is added to the customer's balance. 9. Locations are allowed to select a descriptive name; such as, Store. 10. A Customer Note may be added by editing the individual account

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