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Question 10: Recording a credit memo for a bad debt causes which account to decrease? Answer: O Accounts Receivable O Accounts Payable O Bad Debt Expense D. Checking account Question 11: Match these QuickBooks Online accounting terms with their best descriptions. Other current assets Assets the business plans to use within a one-year period DROP HERE Journal entries Tangible assets with more than one year of useful life DROP HERE Long-term liabilities Requires you to know the specific account that will increase and decrease with debits and credits DROP HERE Fixed assets Financial loans that take over a year to repay Question 12: Match these recurring transition types with the best examples of when to use them. Scheduled Loans Reminder Irregular transactions DROP HERE Unscheduled Utilities bills Question 15: Which report shows your net income? Answer: O Income and Liabilities report O Profit and Loss report O Assets and Liabilities report O Income Detail report Question 16: What data is displayed on the Dashboard of QuickBooks Online? Answer: | O Bank and credit card balances o Open accounts receivable 0 Open accounts payable O All of these options