QBO Question

Review the Inventory Asset Transaction report. Why would its total ($10,756.25) differ from the Inventory Valuation Detail total ($9,756.25) for the same date range?

A) $1,000 of Rock Fountains were purchased without using a product/service item

B) The reports are for all dates, not a specific point in time

C) One thousand Sprinkler Heads were purchased without using a product/service item

D) A negative quantity of pumps was sold

Cheryl's Design and Landscaping Services Inventory Asset Transaction Report All Dates Transaction Type Num Name Memo/Description Split Amount Date Inventory Asset 05/03/2021 05/03/2021 Bill 8112 80.DO Earthco Landscape Supplies Earthco Landscape Supplies Fountain Pump Rock Fountain Accounts Payable (A/P) Accounts Payable (A/P) Bill 8112 125.00 05/03/2021 Invoice 1036 Wildemess Sporting Goods Store 5217 Fountain Pump Accounts Receivable (A/R) - 10.00 05/03/2021 Invoice 1036 -125.00 Cheque 75 Accounts Receivable (A/R) Chequing Chequing 30.00 Cheque 75 62.50 11.25 Cheque 75 Wildemess Sporting Goods Store 5217 Rockland Gravel & Supply Co Rockland Gravel & Supply Co Rockland Gravel & Supply Co Rockland Gravel & Supply Co Jane Goldsby Jane Goldsby 75 05/03/2021 05/03/2021 05/03/2021 05/03/2021 05/03/2021 05/03/2021 05/03/2021 05/03/2021 05/03/2021 125.00 Chequing Chequing Accounts Receivable (A/R) Cheque Invoice 1035 1035 - 10.DO -125.00 375.00 START START 1037 -125.00 Brees Brothers Family Store Brees Brothers Family Store 05/03/2021 05/03/2021 Invoice Inventory Qty Adjust Inventory Qty Adjust Invoice Invoice Inventory Qty Adjust Inventory Qty Adjust Inventory Qty Adjust Inventory Qty Adjust Inventory Qty Adjust Inventory Qty Adjust Bill - 10.00 160.DO Rock Fountain Fountain Pump Sprinkler Pipes Sprinkler Heads Rock Fountain Sprinkler Pipes Rock Fountain Opening inventory for Rock Fountain Opening inventory for Rock Fountain Rock Fountain Fountain Pump Opening inventory for Pump Opening inventory for Pump Opening inventory for Sprinkler Heads Opening inventory for Sprinkler Heads Opening inventory for Sprinkler Pipes Opening inventory for Sprinkler Pipes 8 Rack Fountains Rock Fountain Rock Fountain Rock Fountain Rock Fountain 1037 START START START 05/03/2021 05/03/2021 7.50 05/03/2021 START START 25 05/03/2021 05/03/2021 START 1234 Accounts Receivable (A/R) Opening Balance Equity Opening Balance Equity Accounts Receivable (A/R) / Accounts Receivable (A/R) Opening Balance Equity Opening Balance Equity Opening Balance Equity Opening Balance Equity Opening Balance Equity Opening Balance Equity Accounts Payable (A/P) Accounts Receivable (A/R) Accounts Receivable (A/R) Accounts Receivable (A/R) / Accounts Receivable (A/R) Accounts Receivable (A/R) Accounts Receivable (A/R) Accounts Payable (AP) Accounts Payable (MP) Accounts Payable (A/P) Accounts Payable (A/P) 17/03/2021 25/03/2021 Invoice 1038 Whiterack Landscaping Supplies Sorrel Golf Course Sorrel Golf Course Sorrel Golf Course 1,000.00 -140.00 -80.00 -30.DO Invoice 1038 25/03/2021 25/03/2021 Invoice 1038 1038 Invoice Sorrel Golf Course -80.00 Invoice 1038 1038 Rock Fountain Rock Fountain Invoice 25/03/2021 25/03/2021 25/03/2021 25/03/2021 25/03/2021 30/03/2021 30/03/2021 -80.00 -90. DO 80.00 Bill 8767 Sorrel Golf Course Sorrel Golf Course Earthco Landscape Supplies Earthco Landscape Supplies Earthco Landscape Supplies Earthco Landscape Supplies Bill 8767 750.DO Fountain Pump Sprinkler Heads Sprinkler Pipes Fountain Pump Bill 8,750.DO 8795 8795 Bill Total for Inventory Asset TOTAL 80.00 10.756.25 10,756.25 $