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Your client, Trudie's Tool Supply, recorded some transactions this year that should have been posted to Fixed Assets rather than Office Supplies. You've asked your
Your client, Trudie's Tool Supply, recorded some transactions this year that should have been posted to Fixed Assets rather than Office Supplies. You've asked your team member, Gretchen, to use the Reclassify Transactions tool to fix the issue. She navigated to Accountant Tools > Reclassify transactions. Then, she applied the following filters:
- Account Types = Profit and Loss
- Basis = Cash
- Account = Office Supplies
- From and To Dates = This Year
- Type = All
- Customer/Vendor name = Oscar's Office Supplies
- Modify = All
When she's done, you note that there is an unpaid bill for a computer purchase that is still categorized under Office Supplies.
Which 2 things did Gretchen miss?(Select all that apply)
- She chose the wrong reporting basis
- She didn't choose the right date range
- She should not have filtered for a Customer/Vendor name
- She didn't filter for purchases over $500
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