What is the best way to record depreciation expense in QuickBooks? a. Make General Journal Entries...

Question

Question

What is the best way to record depreciation expense in QuickBooks?

a. Make General Journal Entries

b. Write Checks

c. Pay Bills

d. None of the above are ways to record depreciation expense in QuickBooks.

Answer 1

Answer #1

Option A

Make general journal entries

QuickBooks so not record depreciation expenses automatically. However making journal entries solves this

Answer 2

Similar Homework Help Questions

To record adjusting entries, use:A. Report menu > General Journal Entries.B. Company menu > Make General...

To record adjusting entries, use:A. Report menu > General Journal Entries.B. Company menu > Make General Journal Entries.C. Banking menu > Make General Journal EntriesD. Accountant menu > Journal Entries
Question 37 (Quickbooks) Which of the following is a Banking transaction? A. Make Deposits B. Pay...

Question 37 (Quickbooks) Which of the following is a Banking transaction? A. Make Deposits B. Pay Employees C. Enter Bills D. None of the above
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1)...

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) One of the objectives of the bank reconciliation is: A) Pay bills 1) B) Insure the debits equal credits D) None of the choices are correct C) Detect errors 2) When reconciling the bank statement using QuickBooks: A) All deposits listed on the bank statement are selected as cleared in the Reconcile window 2) B) Interest earned is subtracted C) Service charges are added...

Question 46 (Quickbooks) Customer transactions include which of the following? A. Write Checks B. Enter Bills...

Question 46 (Quickbooks) Customer transactions include which of the following? A. Write Checks B. Enter Bills C. Pay Bills D. Receive Payments
How do you record the depreciation expense in the general journal? EMENTS ✓ WAREN'S YEAR-END PROCEDURES...

How do you record the depreciation expense in the general journal? EMENTS ✓ WAREN'S YEAR-END PROCEDURES Below are the procedures followed at the end of each year by Waren Sports Supply's employees. You are to assume the roles of Ray Kramer, Nancy Ford, and Jim Adams and perform each of these year-end procedures for 2022. The only materials needed are Warents list of year-end procedures, general journal , ledgers, year-end worksheet (Doc. No. 26), and post- closing trial balance (Doc....
6. Adjusting journal entries are prepared for which of the following? a. record depreciation expense b....

6. Adjusting journal entries are prepared for which of the following? a. record depreciation expense b. adjust payroll expense for wages earned but not yet paid C. record an inventory purchase d. a and b only e. all of the above 7. An auditor is interested in testing whether a sample of sales to customers in the current year have been recorded. In this case, the auditor would most likely select a sample from which source? a. customer orders b....

Question 47 (Quickbooks) Vendor transactions include which of the following? A. Write Checks B. Enter Bills...

Question 47 (Quickbooks) Vendor transactions include which of the following? A. Write Checks B. Enter Bills C. Make Deposits D. Receive Payments
223 QUICKBOOKS ONLINE PLUS: A Complete Course 2017 3.13. A Credit Memo is prepared to record...

223 QUICKBOOKS ONLINE PLUS: A Complete Course 2017 3.13. A Credit Memo is prepared to record a reduction to a transaction recorded on a(n) A. Sales Receipt B. Invoice c. Deposit Slip D. Payment Receipt 3.14. When payment is made by the customer at the time of the sale, the transaction is recorded on ain) A. Invoice B. Payment Receipt C. Sales Receipt D. Refund Receipt 3.15. When a payment is made for a sale on account, it may be...
Prepare general journal entries to record these transactions. 3) Prepare general journal entries on December 31 to recor...

Prepare general journal entries to record these transactions. 3) Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated depreciation on equipment for the year, $4,500. b. The Prepaid Insurance account has a $3,680 debit balance before adjustment. An examination of insurance policies shows $600 of insurance expired. c. The Prepaid Insurance account has a $2,400 debit balance before adjustment. An examination of insurance policies shows $950 of unexpired insurance. d. The company has...