QUICKBOoKS ONLINE PLUS: A Complete Course 2016 A Credit Memo is prepared to record a reduction to a transaction recorded on a(n) A. Sales Receipt B. Invoice C. Deposit Slip D. Payment Receipt when payment is made at the time of purchase, the transaction is recorded on a(n) A. Invoice B. Payment Receipt C. Sales Receipt D. Refund Receipt 5, . 6. When a payment is made for a sale on account, it may be a payment A. Full B. Partial C. Both A and B D. Pay in advance 7. QuickBooks Online does not print A. Invoices B. Sales Receipts C. Credit Memo and/or Refund Receipts D. Receive Payments 8. To view all entries recorded in Debit/Credit format, you prepare a A. Journal B. Trial Balance C. Customer Balance Summary D. Transaction List Report 9. The Customers List functions as the A. General Ledger B. Accounts Receivable Ledger C. Income Account D. Primary Account 10. When receiving a partial payment for an invoice, QuickBooks selects the invoice. A. Most recent B. Largest balance C. Oldest D. None of the above FILL-IN IN THE SPACE PROVIDED, WRITE THE ANSWER THAT MOST APPROPRIATELY COMPLETES THE SENTENCE 1. To refund money to a customer, you prepare a To decrease an amount owed for an invoice, you prepare a Report prints the current date that cannot be changed at the top of the 2. The report