hi i need help for Computer Applications In Accounting

If your journals do not agree with the textbook illustrations, which Sage 50 feature could you use? A. Tasks; general journal transaction B. Maintain chart of accounts C. System Navigation Center; link to restore now D. Edit journal transactions To change an entry on the Write Checks window or Receive Money window, you should A. edit the record. B. delete the record. C. select Maintain; Chart of Accounts. D. add a transaction line. You enter all checks, cash and credit card sales in the _______ window. A. Sales receipt B. Payments C. General journal entry D. Receive Money All goods owned by the business and held for sale are called A. liabilities. B. fixed assets. C. merchandise inventory. D. assets. You need to restore the _______ file to start Chapter 14. A. Chapter 14.ptb B. Chapter 13.ptb C. Exercise 132.ptb D. Exercise 131.ptb 6. The posting method used by the business in Chapter 9 is _______ posting. A. Real Time B. Cash Basis C. Batch D. Accrual 7. In order to set up employer defaults for payroll liabilities and expenses, which default should you select? A. Employee Defaults/Company Fields B. Payroll & Employees Navigation Center; Pay Employees C. Employee Defaults/Employee Fields D. Reports & Forms; Payroll, Payroll Journal 8. Which of the following was covered in Chapter 10? A. Record purchase invoices B. Select an accounting period C. Record deposits D. Print the chart of accounts Mark for review (Will be highlighted on the review page) 9. Dennis Westin _______ is the name of the business set up in Chapter 9. A. Plastics B. Graphics C. Designer D. Accountant 10. On the Navigation Bar, what selections should you make to enter inventory item maintenance information? A. From the Vendors & Purchases Navigation Center, click on the Purchase Orders icon, select New Purchase Orders and record inventory information. B. From the Vendor & Purchases Navigation Center, click on Pay Bills, then select New Bill. C. From Maintain; Defaults, click on Inventory Items, then record the inventory information. D. From the Inventory & Services Navigation Center, click on the Inventory Items icon, select New Inventory Item and record inventory information. 11. According to your textbook, what is the first step of the computer accounting cycle? A. Post entries to the general ledger B. Change accounting periods C. Print the general ledger trial balance D. Journalize entries 12. What does the journal entry for transferring funds to the payroll checking account look like? A. Dr. Account No. 77600, Overtime Expense; Cr. Account No. 10300, Payroll Checking Account B. Dr. Account No. 10300, Payroll Checking Account; Cr. Account No. 10200, Southwest Bank C. Dr. Account No. 10000, Petty Cash; Cr. Account No. 10200, Southwest Bank D. Dr. Account No. 77500, Wages Expense; Cr. Account No. 10200, Southwest Bank 13. The Write Checks window debits which account? A. Account No. 1010, Money Market B. The Expense account you've selected C. Account No. 1040, IRA Savings D. The company's checking account 14. What information does the chart of accounts contain? A. The accounts shown on the balance sheet B. A list of accounts in the general journal C. A list of accounts in the general ledger D. The beginning balances of all accounts 15. According to your textbook, the December 31 balance in Mr. Westin's retained earnings account (Account No. 3910) is A. capital minus liabilities plus owner's assets. B. yeartodate net income plus the total of the drawing account. C. assets minus liabilities plus owner's equity. D. yeartodate net income minus the total of the drawing account. 16. What is completed before recording and posting the end-of-quarter adjusting entries. A. cash disbursements journal. B. adjusted trial balance. C. cash receipts journal. D. unadjusted trial balance. 17. Which account number is used to record the employer's social security expense? A. 72510 B. 24400 C. 72520 D. 72150 18. What is an organized body of related information called? A. An account B. A database C. An application D. A software function 19. In Sage 50, the Receive Money window is also called the _______ journal. A. cash receipts B. cash disbursements C. sales D. purchase 20. When does Cindy's Service Merchandise accounting record begin? A. December 1, 2014 B. January 1, 2015 C. December 1, 2013 D. January 1, 2014 Where should you store the main price of an inventory item? A. Tasks; Inventory items B. Maintain Inventory Items file C. Maintain Vendors file D. Tasks; Purchase orders Bellwether Garden Supply's Account No. _______ is their Payroll Checking. A. 10400 B. 10200 C. 10300 D. 10100 On the Navigation Bar, what selections will let you set up an inventory item? A. Inventory & Services Navigation Center, click on the Inventory Items icon and select New Inventory Item B. Inventory & Services Navigation Center, click on the Receive Inventory icon and select View and Edit Purchases C. Vendors and Purchases Navigation Center, click on the Vendors icon and select View and Edit Vendors D. Inventory & Services Navigation Center, link to Edit vendor items 8. Which accounts are debited and credited when you purchase inventory on account? A. Dr. Material Cost account; Cr. Accounts Payable/Vendor B. Dr. Accounts Receivable/Customer; Cr. Sales account C. Dr. Accounts Payable/Vendor; Cr. Inventory account D. Dr. Accounts Payable/Vendor; Cr. Expense account The Franklin Botanical Gardens job involves a special circumstance. What is it? A. It's a renovation of a very damaged building. B. It's a hotel near the airport. C. It is an apartment complex with surrounding gardens. D. It's a new building overlooking a park To go from the income statement to an original entry, use the _______ function. A. display B. filter C. specific range D. drill down Which menu bar selections do you use to print a vendor check? A. Reports & Forms; Forms, Checks, OCR AP Laser Preprinted, Print B. Reports & Forms; Financial Statements, Current Period, Print C. Tasks; Payments, Check Register, Checks, Print D. Maintain; Vendors, Purchase Info tab Before you begin Chapter 4, you could restore which of the following backups? A. Exercise 31.ptb B. Exercise 32.ptb C. Exercise 22.ptb D. Chapter 3.ptb What selections let you set up specific guidelines for individual employees? A. From the Employees & Payroll Navigation Center, select Employees, View and Edit Employees. B. From Tasks; Select for Payment, select the employee. C. From Maintain; Default Information, select Employees. D. FromTasks; Payroll, select the employee. What can you do in the Options menu? A. Back up files B. Print reports C. Check global settings D. Enter journal entries To enter a sales invoice, what actions do you take on the Navigation Bar? A. From theCustomers & Sales Navigation Center, click on the Sales Invoices icon and select Set Up Invoice Defaults. B. From the Tasks bar, select Purchases/Receive Inventory. C. From the Inventory & Services Navigation Center, click on the Invoice icon, and select View and Edit Invoices. D. From the Customers & Sales Navigation Center, click on the Sales Invoices icon and select New Sales Invoice