This topic contains a solution. Click here to go to the answer

Author Question: Put the following into the correct order for processing a sale on account with QuickBooks. A. ... (Read 93 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

T4T

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

a

Answer to Question 2

a





 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

For a complete list of videos, visit our video library