Q-6-1a. Purchase Orders Which general ledger account is credited when a purchase order is processed? Please add checkmark next to the correct answer(s). 1 Inventory 2 Accounts Payable 3 Cost of Goods Sold 4 No general ledger accounts are affected when a purchase order is prepared. > Q.6.1b. Purchase Orders Which section of the Purchase order window is used to enter inventory items being ordered from a vendor? Please add theckmark nex to the correct an swer(s). 1 Category detalls section 2 Item detalls section 3. Memo section 4 Vendor box payaient is mose? 1 Expense wridow 2 Check window 3. Bill window 4 Pay Bulls wndow. Which general ledger account is credited when inventory is received along with a bill from a vendor? Finase add chedemark next to the correct answer(s). 1 Cash 2. Inventory 3 Supplies 4 Accounts Payable Which section of the Bill window is used to enter the general ledger account to be debited for a service such as consulting fees? Please add chedumark next to the correct answer(s). 1 Category detalls section - Category box 2 Item detalls section - Product/Service box 3 Category details section - Description box 4 Memo box boxestis 1 Quanty box 2 Rate box 3 Amount box 4 Description box - Q-6-3a. Cash Disbursements Which account is debited when a transaction is processed using the Pay Buls window in QBO? Pleave add checkmarknext to the carrect answer(s). 1 Cash 2 The appropriate general ledger expense or asset account 3 Accounts Payable 4 None of the above Which account is credited when a transaction is processed using the Check window? Please add checkmark next to the correct answer(s) 1 Accounts Payable 2 The approprlate general ledger expense or asset account 3 Inventory 4 Checking (Cash) - Q.6-3e Cash Disbursements Which button in the Pay Buis window can be used to display only bills dus to a specifio vendon? Please add ohechmark nese to the correct anjwer(A). 1 Fiter button 2 Payment account drop-down list button 3. Schedule payments online button 4 All of the above can be used to display bills due to a specific vendor. - O-6.4a. Accourting TranEactions Resalting from Processing Purchasing and Cah Dobursement Transactions Frike sda theclingek neit ta the correct alyer(2) 1. ORforiatory Assetand CRCost of Goods Sold 2. Des inventory Asset and CRAccounts Payable 3 DR.Cost of Goods Sold and CR. Accounts Payable 4. DRImventory Rssetand CR job Matertals 1 DiR inventory Astefiand CR Cost of Goods sold 2 Drinventory Asset and CRR Cont of Goods Sold 3 DRCost of Goods 5old and CF Account Payable - Q:6-4C Accoanting Trarsact;ons Resulting from Processing Purchasang and Castr Disbursement Transactions select the pioper accounting entry from the list pronded. The inventory receited on a purchase order was paid for withan 20 daja of the purchase Payment termis 1. OR Accounts Payableand CR Checking / CR Discounts Given 2. DRAccounts Paryble and CR Cost of Goods Sold 3. DR Accounts Payable and CR Checking 4 DR Cost of Goods Scld and CR Checking 5. Norie of the above 1 bistuities: Telephone and crocheching 3: Drubutass andeg Undeposited fupds -Q-6-de. Accounting Trangactions Resulting trom Frocessing Purchasing and Carh Dibbursernent Transactions. Select thil proper accotunting entry from the list pronided. The irvoice for accounting and tax services performed in the current month from Boois by Bessie was inceved and paid on the same day. Hesse add ohedmark nert so the corect attsmer(s) 1 DR Legal and Professional Fees. Accounfity and CR Checking 2 DR checking and CR Accourts Payable 3. Df job Expenses and CR Checking 4) DRLegal and Professional Fees: Accounting and CR job Expenses 1 Inventorydecrease. Accounts Payabie decrease 2 Liventory decrease Acobsts Bayable inciease 3 Livintary increase. Aceounts. Pipyabiencinese 4. Wiventory increase. Arcouhts Poystile decrease Goose the subsidary record or iecotds attected by the transaction and the effect on eachi (increase or decrease) from the list provided: A puichase oeder for the purthase of veventory wias prepsied and saved Heas add dehmark neet wite corret answets. 1 Inventory decrease, Accounts Payable decrease. 2 inventory becrease, Accounts Payable increase 3 Inventory increase. Accodints Payable decrease 4 Inventory increase, Accoonts Receivable decrease 5. No subsidiary records are alfected? Wif Inventory decrease Accounts Payable decrease. 2. irveritocy incredse. Accouns Payoble dectease 3. Niccounts Payabie decrease only a facocints Payble increase only is Nosubisidiary Iecords are iffected 1. Acodunts Pavable increase only 2. Accounts Prowatio decratien only