This report breaks down every transaction during a period of time into debits and credits and displays them chronologically.Select one: a. Customer balance summary. b. Vendor balance summary. c. Profit and Loss. d. Journal. e. A

Because QBO is in the cloud, you do not need to back up. Select one: a. TRUE b. FALSE

If the Balance Sheet shows $75,000 in assets and $4,000 in liabilities, what is the companys equity? Select one: a. $71,000. b. $79,000. c. $81,000. d. $89,000. e. None.

To remove a product from the item list, make it inactive. Select one: a. TRUE b. FALSE

You cannot drill down to transactions from the Recent Transactions links. Select one: a. TRUE b. FALSE