Which method of closing the books provides greater control against entering transactions to a closed period? Select one: a. Set a closing date and allowing changes after viewing a warning O b. Telling all employees not to use a date prior to the closed period O c. Not setting a closing date O d. Set a closing date and allow changes after viewing a warning and entering a password Normally, operating expense accounts should be reported on the income statement Select one: O A. in alphabetic order O B. in chronologic order O C. in sequential order O D. in order of magnitude (highest to lowest) de question Which of the following statements are false? Select all that apply. Select one or more: A. A preferred vendor can be entered for inventory parts. B. The description entered in the sales information section of the new item window for inventory parts will appear on invoices and C. The cost entered when setting up an inventory part is used as the sales price to the customer on an invoice or sales recept D. The Expense field for an inventory part represents the account that will be credited when an inventory part is sold. A customer places an order on May 15th for products to be shipped in 30 days. The sale is recorded on a delayed charge form when the order is received in May. The products are invoiced on June 15. The customer pays for the merchandise on July 10 The income from the sale is reported on the Profit and Loss statement in Select one: A. May B. July C. May and June D. June Merchant fees charged on credit card payments Select one: O A. can be entered as negatives in the deposit window O B. can be entered as journal entries C. can be entered as checks D. Any of the above methods could be used to record merchant fees