1. When a purchase order is created in QBO, which of these accounts is credited?

Select one:

A. Accounts Payable

B. Inventory

C. Accounts Receivable

D. None of the above. No journal entries are recorded when a purchase order is created.

2. Which of the following transaction types most likely be used for the purchase of inventory paid for at the time of purchase?

Select one:

A. Bill

B. Item payment

C. Bill payment

D. Check