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i am using Armond Dalton Resources to answer these questions about the quickbooks software but could use some help. Q-6-5a. Subsidiary Account Balances Affected by
i am using Armond Dalton Resources to answer these questions about the quickbooks software but could use some help.
Q-6-5a. Subsidiary Account Balances Affected by Processing Purchasing and Cash Disbursement Transactions Choose the subsidiary record or records affected by the transaction and the effect on each (increase or decrease) from list provided. Inventory was received but not paid for on a purchase order. Payment term s were 29 , 10, Net 30. Please add checkmark next to the correct answer(5). 1 Inventory decrease, Accounts Payable decrease 2 Inventory decrease, Accounts Payable increase 3 Inventory increase, Accounts Payable increase 4 Inventoy increase, Accounts Payable decrease 5 No subsidiary records are affected "Q-6-5b. Subsidiary Account Balances Affected by Processing Purchasing and Cash Disbursement Transactions Choose the subsidiary record or records affected by the transaction and the effect on each (increase or decrease) from list provided. A purchase order for the purchase of inventory was prepared and saved. Please add checkmark next to the correct answer(s) 1 Inventory decrease, Accounts Payable decrease 2 Inventory decrease, Accounts Payable increase 3 Inventory increase, Accounts Payable decrease 4 Inventory increase, Accounts Rdcelvable decrease 5 No subsidiary records are affected Step by Step Solution
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