Michelles Microbrewery have been entering bills for their purchases as they come in. They pay multiple bills once a week. They use bank feeds to record these transactions, posting to Cost of Goods Sold. They are an accrual-based company.

What is best practice to remedy this with a minimum amount of work?

• A ) Create a journal entry for each vendor.

• B ) Create vendor credits for each open bill.

• C ) Create one journal entry, with lines for each vendor.

• D ) Use the Batch Delete tool, and delete all the open bills.