Adjusting entries are used to:
A) Close temporary accounts at year end
B) Close permanent accounts at year-end
C) Bring account balances up to date at year end
D) All of these
Correct Answer:
Verified
Q5: Credit sales are recorded using the _
Q6: To record the payment of bills just
Q7: To record adjusting entries, use:
A)Report menu >
Q8: To print the entire Journal, select:
A)Report Center
Q9: To create a memorized transaction for a
Q11: To record a cash purchase, use the:
A)Pay
Q12: Before making adjusting entries you must:
A)Close permanent
Q13: When customer payments are received and recorded,
Q14: Deposits may be recorded using the:
A)Check Register
Q15: When you record the receipt of a
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