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 106 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?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library