MULTIPLE CHOICE WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER. 6.11. Transactions may be categorized based on and_ . - A. Location and Class B. Settings and Class C. Locations and Settings D. Any of the above 6.12. To view the quantity on hand for an inventory item, you prepare the _report. A. Inventory Valuation Detail B. Inventory Valuation Summary C. Either A or B D. None of the above CHAPTER 6-Sales and Receivables: Products, Sales Tax, and Service Items 434 6.13. When a customer qualifies for an early payment discount, you record the discount A. On the original Invoice B. As a Journal entry C. On a new Invoice D. In the Sales Discount register 6.14. Payment Methods are created for- A. Debit Cards B. MasterCard C. Visa D. All of the above 6.15. The report that lists all of the unpaid invoices for each customer is the report. A. Customer Balance Summary B. Customer Balance Detail C. Collections report D. Open Invoices 6.16. A Customer Note, such as a dog's name, may be added by A. Editing the Individual Account B. Entering it in Add Notes in the Customer's Account C. Either A or B D. Entering the Note on an Invoice 6.17. A Sales Discount is calculated sales tax. A. Before B. After C. Before or After D. None of the above 6.18. When a customer returns an item from a sale on account, a(n)--is completed. A. Return Receipt B. Credit Memo C. Invoice D. Sales Receipt 6.19. To record a sale and the payment at the same time, you prepare a(n) form. A. Invoice B. Receive Payments C. Sales Receipt D. Both A and B 6.20. The Sales Tax Center must be set up to include the A. Sales Tax Rate B. Name of the Sales Tax C. Agency collecting the Sales Tax D. All of the above