When customer payments are received and recorded,QuickBooks reduces the ________ balance.
A) Accounts Payable
B) Accounts Receivable
C) Undeposited Funds
D) Checking
Correct Answer:
Verified
Q1: To print the Trial Balance, select:
A)Report Center
Q2: To email an invoice, click the Email
Q3: When customer payments are recorded in the
Q4: To record a sales transaction, use the:
A)Create
Q5: To record a credit purchase,use the:
A)Purchase Order
Q5: Credit sales are recorded using the _
Q8: To print the entire Journal, select:
A)Report Center
Q10: Adjusting entries are used to:
A)Close temporary accounts
Q11: To record a cash purchase, use the:
A)Pay
Q19: To print the Balance Sheet, select:
A)Company Center
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