Question 47 of 50 A client has recently decided to start tracking inventory in QuickBooks Online. PreviGusly, when purchasing goods, everything was coded directly to the Cost of Sales account. Now when goods are purchased, the item field on purchase transactions should be utilized. You've discovered they are still coding the purchases directly to the Cost of Sales account Which 3 effects will this have on the QuickBooks Online file? One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no cresit for this question. Plesse try again. The Accounts Payable account will report incorract figures The Balance Sheet will report incorrect figuras The Profit and Loss will report incorrect figurss The supplier balance will report incorrect figures Inventory quantities will bo inecrract, and may potentially ba nogative