From 7-10 true and false

not match it, you change the amount in your original transaction 7. An inventory starting value transaction is recorded when you prepare a purchase order for an inventory item. 8. After reconciling a credit card account, you may select the option to write a payment 9. When you have a budget, you cannot purchase office supplies if it is over the budgeted 10. You can change the amounts shown for account balances on the Balance Sheet by check now. amount changing the dates to the current month. MULTIPLE CHOICE WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER. 1. You may access the Inventory Quantity Adjustment form by and clicking_ A. Clicking the Plus icon, Inventory Qty Adjustment B. Opening the item in the Products and Services List, Quantity C. Clicking the drop-down list arrow in the item's Action column in the Products and Services List, Adjust Quantity D. All of the above 2. If the adjusting entry to transfer Net Income and Retained Earnings into the owner's capital account is made prior to the end of the year, the Balance Sheet shows A. Retained Earnings B. Net Income C. Both Net Income and Retained Earnings D. None of the above because the Net Income and Retained Earnings have been . transferred into Capital not match it, you change the amount in your original transaction 7. An inventory starting value transaction is recorded when you prepare a purchase order for an inventory item. 8. After reconciling a credit card account, you may select the option to write a payment 9. When you have a budget, you cannot purchase office supplies if it is over the budgeted 10. You can change the amounts shown for account balances on the Balance Sheet by check now. amount changing the dates to the current month. MULTIPLE CHOICE WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER. 1. You may access the Inventory Quantity Adjustment form by and clicking_ A. Clicking the Plus icon, Inventory Qty Adjustment B. Opening the item in the Products and Services List, Quantity C. Clicking the drop-down list arrow in the item's Action column in the Products and Services List, Adjust Quantity D. All of the above 2. If the adjusting entry to transfer Net Income and Retained Earnings into the owner's capital account is made prior to the end of the year, the Balance Sheet shows A. Retained Earnings B. Net Income C. Both Net Income and Retained Earnings D. None of the above because the Net Income and Retained Earnings have been . transferred into Capital