Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If you transferred money out of your checking account into a payroll bank account and a money market account, how would you record this in

If you transferred money out of your checking account into a payroll bank account and a money market account, how would you record this in QBO? 


a. Create one Transfer transaction that shows multiple accounts being transferred to.


b. Write a check to petty cash 


c. Create a sales receipt. 


d. Create two Transfer transactions. The transfer option only allows for one account to be transferred to.

Step by Step Solution

3.39 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provid... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud examination

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

4th edition

538470844, 978-0538470841

More Books

Students also viewed these Business Communication questions

Question

2. How did the legal system protect abusive priests and the church?

Answered: 1 week ago