Question 4 Michael's Yoga Studio 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? 1. Create a journal entry for each vendor 2. Create vendor credits for each open bill 3. Create one journal entry, with lines for each vendor 4. Use the Batch Delete tool, and delete all the open bills