The journal entry behind the screen that QuickBooks creates when a customer's payment is received and recorded using the Receive Payment window includes:
A) Debit Accounts Receivable; Credit Checking account
B) Debit Checking account; Credit Accounts Receivable
C) Debit Undeposited Funds account; Credit Accounts Receivable
D) Debit Accounts Receivable; Credit Undeposited Funds account
Correct Answer:
Verified
Q5: Which report provides information to help in
Q6: Sales in QuickBooks can be recorded with
Q7: To create the Income by Customer Summary
Q8: To add a new job to the
Q9: When recording a customer payment from a
Q11: To create the Aging of Accounts Receivable
Q12: The Undeposited Funds account contains:
A)Only partial payments
Q13: To record a sales transaction,use:
A)Create Purchase Order
Q14: To record a customer sale on account,select:
A)Create
Q15: Credit sales to customers are:
A)Recorded using the
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