An entry in QuickBooks Online has been made, but you need to double-check the debit and...
An entry in QuickBooks Online has been made, but you need to double-check the debit and credit entries. What is the quickest way to do this? Run a trial balance report for the date of the entry, and check all accounts listed. Run a “Source and targets” report based on the date of transaction, and filter by customer/supplier. Open the transaction, and look at the transaction journal from within the “more” options. Look through the audit log to see all of the debit and credit account entries.
Homework Answers
Open the transaction, and look at the transaction journal from within the “more” options
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An entry in QuickBooks Online has been made, but you need to
double-check the debit and...
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...
Check my work Prepare journal entries for each transaction listed. (If no entry is required for...
Check my work Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) points a. At the end of June, bad debt expense is estimated to be $14,000. b. In July, customer balances are written off in the amount of $7,000. Skipped eBook View transaction list View journal entry worksheet References No Transaction General Journal Debit Credit
i need hell with entry 2. also can you please check if entry 1 and 3...
i need hell with entry 2. also can you please check if entry 1
and 3 are correct?
A company has a fiscal year-end of December 31: (1) on October 1, $29,000 was paid for a one-year fire insurance policy, (2) on June 30 the company advanced its chief financial officer $27,000; principal and interest at 5% on the note are due in one year, and (3) equipment costing $77,000 was purchased at the beginning of the year for cash....
MULTIPLE CHOICE QUESTIONS for intuit quickbooks Which form should be used to pay a vendor for...
MULTIPLE CHOICE QUESTIONS for intuit quickbooks Which form should be used to pay a vendor for a cash purchase? Write Cheques Pay Vendor Pay Bills Enter Bills How are the bills to be paid listed by default? By date due Alphabetically by vendor name By invoice number By amount due Where is the Vendor List located? On the Home window In the Company Snapshot In the Vendor Centre On the Company Menu When entering vendor information, which key should you...
MULTIPLE CHOICE WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION...
MULTIPLE CHOICE WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER. 3.11. The Customers List functions as the A. General Ledger B. Accounts Receivable Ledger C. Income Account D. Primary Account for each The Sales by Customer Detail report shows information about Customer A. Credit Sales B. Cash Sales C. Sales on Account D. All of the above QUICKBOOKS ONLINE PLUS: A Complete Course 2017 3.13. A Credit Memo s prepared to record a...
Need help with journal entry, Depreciation equipment, and amortization licensing rights. Required Informatio...
Need help with journal entry, Depreciation equipment, and
amortization licensing rights.
Required Information [The following information applies to the questions displayed below) Precision Construction entered into the following transactions during a recent year January 2 Purchased a bulldorer for $278,000 by paying 634,000 cash and igning a $244.000 note due in five years. January 3 Replaced the steel tracks on the bulldozer at a cost of $34,000. parchased on account. The new steel tracks increase the bulldozer's operating officiency: January...
Question 1 (20 marks) Determine if a debit, credit, or nil entry would be made to...
Question 1 (20 marks) Determine if a debit, credit, or nil entry would be made to the balance sheet: Increase Accounts Receivable Increase Accounts Payable Decrease Mortgage Payable Increase Office Supplies Decrease Owner’s Capital Increase Cash Decrease Office Furniture Increase Owner’s Withdrawals Decrease Unearned Revenue Increase Revenue Determine if the normal balance is a debit or a credit: Service Revenue Unearned Revenue Cash Accounts Receivable Bank Loan Advertising Expense Note Payable Rent Expense Owner’s Capital Undeveloped Land Question 2 (10...
Multiple Select Question On Sept 9. Daniel Corporation earns $7.000 by performing consulting services. Their customer...
Multiple Select Question On Sept 9. Daniel Corporation earns $7.000 by performing consulting services. Their customer said that she would pay next month. Daniels Corporation journalized the transaction as follows, but something is wrong with the journal entry. Use your knowledge of what a correct journal entry should look like to identify everything that is wrong (Check all that apply) Date Accounts PRDebit Credit Sept 9 Consulting revenue 2.000 Accounts payable 2000 (Performed Consulting Services on Account) Accounts payable should...
Question 22: While your accountant is working with an “accountant's copy” of your file, you can...
Question 22: While your accountant is working with an “accountant's copy” of your file, you can still: Answer: O edit and delete accounts O reconcile accounts c. O add, edit, and delete transactions dated on or before the dividing date D. O None of these options Question 23: It's a good idea to set the dividing date about week(s) after the last day of whichever fiscal period you need. Answer: A. 01 B. 02 C. 03 104 Question 24: Match...
I need help finding the debit and credit amounts. 2. Prepare the journal entry dated May...
I need help finding the debit
and credit amounts.
2. Prepare the journal entry dated May 31 to
transfer the cost of units to Assembly.
Check my work [The following information applies to the questions displayed below.] 14.28 points Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 21,600 units, and transferred 22,200 units...
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...
Check my work Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) points a. At the end of June, bad debt expense is estimated to be $14,000. b. In July, customer balances are written off in the amount of $7,000. Skipped eBook View transaction list View journal entry worksheet References No Transaction General Journal Debit Credit
i need hell with entry 2. also can you please check if entry 1
and 3 are correct?
A company has a fiscal year-end of December 31: (1) on October 1, $29,000 was paid for a one-year fire insurance policy, (2) on June 30 the company advanced its chief financial officer $27,000; principal and interest at 5% on the note are due in one year, and (3) equipment costing $77,000 was purchased at the beginning of the year for cash....
MULTIPLE CHOICE WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER. 3.11. The Customers List functions as the A. General Ledger B. Accounts Receivable Ledger C. Income Account D. Primary Account for each The Sales by Customer Detail report shows information about Customer A. Credit Sales B. Cash Sales C. Sales on Account D. All of the above QUICKBOOKS ONLINE PLUS: A Complete Course 2017 3.13. A Credit Memo s prepared to record a...
Need help with journal entry, Depreciation equipment, and
amortization licensing rights.
Required Information [The following information applies to the questions displayed below) Precision Construction entered into the following transactions during a recent year January 2 Purchased a bulldorer for $278,000 by paying 634,000 cash and igning a $244.000 note due in five years. January 3 Replaced the steel tracks on the bulldozer at a cost of $34,000. parchased on account. The new steel tracks increase the bulldozer's operating officiency: January...
Multiple Select Question On Sept 9. Daniel Corporation earns $7.000 by performing consulting services. Their customer said that she would pay next month. Daniels Corporation journalized the transaction as follows, but something is wrong with the journal entry. Use your knowledge of what a correct journal entry should look like to identify everything that is wrong (Check all that apply) Date Accounts PRDebit Credit Sept 9 Consulting revenue 2.000 Accounts payable 2000 (Performed Consulting Services on Account) Accounts payable should...
Question 22: While your accountant is working with an “accountant's copy” of your file, you can still: Answer: O edit and delete accounts O reconcile accounts c. O add, edit, and delete transactions dated on or before the dividing date D. O None of these options Question 23: It's a good idea to set the dividing date about week(s) after the last day of whichever fiscal period you need. Answer: A. 01 B. 02 C. 03 104 Question 24: Match...
I need help finding the debit
and credit amounts.
2. Prepare the journal entry dated May 31 to
transfer the cost of units to Assembly.
Check my work [The following information applies to the questions displayed below.] 14.28 points Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 21,600 units, and transferred 22,200 units...
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