Which is not a correct statement? As transactions are recorded in the Activities windows, QuickBooks uses information in the Item List to record the transaction in the correct accounts. When entering a quantity on hand for an inventory part item, the total value is computed automatically based on the cost times the quantity. When you record the quantity on hand for inventory parts, QuickBooks creates the inventory asset for that inventory part. The date does not matter as a journal entry will be recorded without a date. 2 of 10 While reviewing the Customer Center created in QuickBooks Desktop Setup-Add the people you do business with pages, if you did not enter an opening balance, the Current Balance field is empty and can be added. if you entered an opening balance, the balance is not yet displayed in the Current Balance field customers were not created based on the information entered in QuickBooks Desktop Setup you can correct all information in the Edit Customer window except the current balance. 3 of 10 QuickBooks Desktop Setup and EasyStep Interview assigned account numbers to the accounts. did not create all of the accounts used by a company. created no system default accounts. set up all of the accounts in the Chart of Accounts List