1. What QBO module is used for a bill?

multiple choice 1

• General ledger.

• Sales.

• Accounts receivable.

• Accounts payable.

2. What QBO module is used for an Invoice?

multiple choice 2

• Accounts receivable.

• Journal.

• Write Check.

• None of these are correct.

3. What is the account distribution on January 8 for purchasing 4 web servers on account from CloudZ Channel, Bill #CZ155, $800.

multiple choice 3

• Debit 115 Merchandise Inventory; Credit 201 Accounts Payable.

• Debit 501 Cost of Good Sold; Credit 115 Merchandise Inventory; Credit Arizona Department of Revenue Payable.

• Debit Accounts Payable; Credit 101 Checking.

• None of these are correct.