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i am using Armond Dalton Resources to answer these questions about the quickbooks software but could use some help. Q-6-5c. 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-6-5c. 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 the list provided. The inventory received on a purchase order was paid for within 10 days of the purchase. Payment terms on invoice were 2%10, Net 30 . Please add checkmarknext to the correct answer(s). 1 Inventory decrease, Accounts Payable decrease 2. Inventory increase, Accounts Payable decrease 3 Accounts Payable decrease only 4 Accounts Payable increase only 5 No subsidiary records are affected - Q-6-5d 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 the iist provided. An invoice was received and processed, but not paid for from Cal Gas a Electric The invoice was for the current month's gas and electric bill. Please add theckmark next to the correct answeris). 1 Accounts Payable increase only 2 Accounts Payable decrease only 3 Accounts Payable increase, inventory increase 4 Accounts Payable increase inventory decrease 5 No subsidiary records are affected Q-6-5e. 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 the list provided. The monthly payment to Bank of Anycity for its notes payable was paid. Please add checkmark next to the correct answer(s). 1 Accounts Payable decrease only 2 Accounts Payable increase only 3 Accounts Receivable decrease only 4 Accounts Receivable increase only 5 No subsidiary records are affected Step by Step Solution
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