Question 8: What is listed in the trial balance report? Answer: O Assets and their balances O Accounts receivable and their balances c. O Chart of Accounts and their balances O Accounts receivable and accounts payable and their balances Question 9: Where is the Trial Balance report located on the Standard tab? Answer: O For My Accountant Accounting Reports O Financial Reports D. O End of Year Reports Question 10: What is the QuickBooks Online feature called that performs calculations for you when creating adjusting journal entries? Answer: O Quick Calculations O Quick Math Quick Admissions O Quick Mathematics Question 11: Which of the following would NOT be a typical period for which you would produce financial statements? Answer: 0 Yearly O Monthly O Quarterly o Weekly Question 12: What type of transaction do you create to enter depreciation? Answer: O Liability O Accounts payable Journal entry O Long-term liability Question 13: Where on the Standard tab do you find the Inventory Valuation Summary? Answer: O Sales and Customers Accounting Reports O For My Accountant O Financial Reports Question 14: At the end of the year, all income and expense accounts are transferred to the account. Answer: O Fixed Asset O Retained Earnings O Equity O Assets and Liabilities