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SHORT ANSWER REVIEW QUESTIONS Explain how to add a journal transaction in the Account Register that involves both a Balance Sheet and Income Statement account.

SHORT ANSWER REVIEW QUESTIONS

  1. Explain how to add a journal transaction in the Account Register that involves both a Balance Sheet and Income Statement account.

  1. Why is it often easier to complete General Journal entries by using the Make General Journal Entries form than it is to use the Register?

  1. Explain how to add a new General Ledger account while entering transaction information.

  1. How can an error in a General Journal entry be corrected after the entry is recorded?

  1. How are memorized reports used in QuickBooks?

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