What is the amount of the largest credit sale invoice (dollar amount) for November 2022? c. What was sold on the smallest credit sale invoice (dollar amount) for November 2022? d. What is the lowest credit sale invoice number (document number) for November 2022?

What was the nature of the service provided to David Hughes on Invoice No. 104? Which general ledger account is debited for the sale of inventory on credit? 1. Inventory Asset 2. Checking 3. Accounts Receivable 4. Job Materials 5. Sales Which subsidiary account/accounts is/are affected by sale of inventory on credit and how is each affected? 1. Inventory increase, Accounts Receivable decrease 2. Inventory increase only 3. Accounts Receivable increase only 4. Inventory decrease, Accounts Receivable increase 5. None of the above Q-7-2. Larry's Landscaping & Garden Supply - Collection of Accounts Receivable Required a. How many sales invoices were collected using a customer's VISA credit card during the last fiscal year (10/01/2021 to 09/30/2022)? b. What was the amount of the largest account receivable collection during the last fiscal year (10/01/2021 to 09/30/2022) (including both checks and credit card receipts)?

Receipt No. 1094 on 08/28/2022, what was the amount of che sales tax on the original invoice? Hint: Use the Reports tab, Transaction History option from the Customer Payment window to drill down to the original invoice. Which subsidiary account or accounts are affected when accounts receivable are collected? 1. Accounts Receivable and Inventory Asset 2. Inventory Asset 3. Accounts Receivable 4. Accounts Payable 5. None of the above 1.7-3. Larry's Landscaping & Garden Supply - Accounts Receivable Required 2. What is the name of the customer with the second largest receivables balance at 12/15/2022? b. How many customers have a balance outstanding in excess of $1,500 at 12/15/2022? c. What are the payment terms for Edward Blackwell?

Larry's Landscaping & Garden Supply-Cash Sales Q-7-4. Larry's Required How many cash sales were processed this fiscal quarter-to-date (10/01/2022 to 12/15/2022), including those paid for by credit card? h What was sold on the smallest cash sale for this fiscal quarter-to- date (10/01/2022 to 12/15/2022)? c. Why was there no sales tax on cash sale Invoice No. 11 on 10/26/20222 1. The invoice total was under the sales tax threshold. 2. Invoice No. 11 was for services performed. 3. Invoice No. 11 was for both inventory and services performed. 4. N/A - there was sales tax included on Invoice No. 11. 5. None of the above

Which general ledger account(s) was(were) credited for the cash sale Natalie Chapman on Invoice No. 13? Hint: Use the Transactions Journal button in the Reports tab. Were any subsidiary accounts affected by the cash sale to Natalie Chapman on Invoice No. 137 Hint: Use the Transactions Journal button in the Report tab to first determine which general ledger accounts were affected by the cash sale. Based on the general ledger accounts that were affected, determine whether any subsidiary accounts would have also been affected. Rock Castle Construction-Sale of Inventory, Return, and Collection Required a. Which of the following includes the correct Home Page icon, document printed, transaction listing in the Customer Center affected, and master file(s) affected by the sale of inventory to a customer on account (credit sale)? 1. Create Invoices (Home Page icon); Credit Memo (document printed); Invoices (transaction listing affected); Accounts Receivable (master file affected). 2. Create Invoices (Home Page icon); Invoice (document printed); Received Payments (transaction listing affected); Accounts Receivable and Inventory (master files affected). 3. Receive Payments (Home Page icon); Invoice (document printed); Invoices (transaction listing affected); Accounts Receivable and Inventory (master files affected). 4. Create Invoices (Home Page icon); Invoice (document printed); Invoices (transaction listing affected); Accounts Receivable and Inventory (master files affected). 5. None of the above

Which of the following includes the correct Home Page icon, document printed, transaction listing in the Customer Center affected, and master file(s) affected by the return of goods by a customer who previously purchased the goods through a credit sale? 1. Refunds & Credits (Home Page icon); Credit Memo (document printed); Invoices (transaction listing affected), Accounts Receivable (master file affected). 2. Refunds & Credits (Home Page icon); Credit Memo (document printed); Credit Memos (transaction listing affected); Accounts Receivable and Inventory (master files affected). 3. Refunds & Credits (Home Page icon); Credit Memo (document printed); Credit Memos (transaction listing affected); Accounts Receivable (master file affected). 4. Create Invoices (Home Page icon); Credit Memo (document printed); Invoices (transaction listing affected); Accounts Receivable and Inventory (master files affected). 5. None of the above c. Which of the following includes the correct Home Page icon, document printed, transaction listing in the Customer Center affected, and master file(s) affected by the collection of an account receivable? 1. Receive Payments (Home Page icon); Payment Receipt (document printed); Received Payments (transaction listing affected); Accounts Receivable (master file affected). 2. Receive Payments (Home Page icon); Payment Receipt (document printed); Received Payments (transaction listing affected); Accounts Receivable and Inventory (master files affected) 3. Receive Payments (Home Page icon); Invoice (document printed); Received Payments (transaction listing affected); Accounts Receivable (master file affected). 4. Refunds & Credits (Home Page icon); Payment Receipt (document printed); Received Payments (transaction listing affected); Accounts Receivable (master file affected). 5. None of the above

Rock Castle Construction - Credit Memos Q-7-6. Rock Cas Required How many credit memos were processed for this fiscal year-to-date (01/01/2022 to 12/15/2022)? h Which of the following best describes the reason that Credit Memo No. 4002 was processed? 1. Damaged goods were returned. 2. Customer was billed for the incorrect number of inventory items. 3. Customer was charged the wrong price for the inventory items purchased. 4. Customer decided not to keep the goods. 5. None of the above c. What was the check number issued for the refund on Credit Memo No. 4002? Hint: Use the Transaction tab on the right side of the Create Credit Memos/Refunds window to locate the information.