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Please answer all of them , thankyou 2 ) Adjusting entries are prepared forAnswera.Both A and Bb . Depreciationc.Prepaid Expensesd.Drawing 3 ) An entry to
Please answer all of them thankyou
Adjusting entries are prepared forAnswera.Both A and BbDepreciationc.Prepaid Expensesd.Drawing An entry to must be recorded at the end of the year.Answera.Transfer Net Income into the Checking accountb.Write a check to the owner for the amount of Net Incomec.Close the adjusting entries for prepaid expenses
Credit Cards must be entered as an before they may be accepted in a transaction.Answera.Company Settingb.Accountc.ProductService Itemd.Payment Method
If you ordered an inventory item, cans of dog food at $ per can and the sales tax rate is percent, you would pay in sales tax.Answera.$b$cNone of the aboved.$
In the text, Venice is categorized as aAnswera.Classb.Main Officec.Locationd.Both A and B
Payment methods allowed in QBO include: Credit Cards, eCheck, ACH transfers and EFT transfers.Answera.Falseb.True
Reconciling a bank statement can help in finding the following types of errors recorded in the Checking account:Answera.A transaction that was recorded backwardsb.A transaction that was recorded twicec.Transposition errorsd.All of these can be found with a reconciliation
The FIFO method of inventory valuation uses.Answera.Last in First outb.First in Last outc.Average Costd.First in First out The report that shows a summary of budgeted amounts for a specific budget is theAnswera.Company Snapshotb.Budget vs Actualsc.Budget Overviewd.Both A and B
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