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Author Question: Put the following into the correct order for processing a sale on account with QuickBooks. A. ... (Read 40 times)

P68T

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on: Jul 5, 2018
Put the following into the correct order for processing a sale on account with QuickBooks. A. Prepare reports. B. Record the sale by completing an electronic invoice form. C. Record collection of payment by completing a receive payment form.
 a. BCA
  b. ABC
  c. BAC
  d. CBA

Question 2

Veronica Lodge borrowed 15,000 from a bank on January 1, 2013 to finance her new business. She agrees to repay the bank on December 31, 2013, with 750 interest on the loan.
 
  In addition to increasing cash, what else should Veronica record on January 1, 2013?
   a. an increase in a liability of 15,000
   b. an increase in a liability of 15,750
   c. an increase in equity of 15,000
   d. an increase in a liability of 15,750, and a decrease in equity of 750


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T4T

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

a


P68T

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Reply #2 on: Jul 5, 2018
Thank you


T4T

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Reply #3 on: Jul 5, 2018
No problemo


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