Question: Please guide me through this practice using QBO. Thank you 23/ An overview of your company that includes information such as the status of your

Please guide me through this practice using QBO. Thank you

23/ An overview of your company that includes information such as the status of your income and expenses and your bank accounts can all be found on the _________.

Select one:

a. Profit and Loss statement

b. Balance sheet

c. Home page

d. Dashboard

24/ The benefits of using recurring transactions include all of the following except which one?

Select one:

a. Reduces the chance of forgetting to invoice a customer with a monthly subscription

b. Reduces the amount of time spent on entering month-end journals

c. Reduces the number of accounts in the chart of accounts

d. Reduces the chance of clerical errors on accounts or amounts in a monthly depreciation journal

25/ You received the following error message when adding a new vendor. What best describes the situation?

Vendor information: Something's not quite right ( another customer, vendor or employee is already using this name. Please use a different name.

Select one:

a.You are creating a new customer and using a customer name that already exists.

b.You are using the wrong vendor name on an invoice

c.You are creating a new vendor with the same billing address as another vendor.

d.You are creating a new vendor with the same display name as another record in the system; either a customer, vendor or an employee.

26/ Vendor credits can be used to ________ the amount of bill payment.

Select one:

a. Decrease

b. Increase

27/ A customer wants their invoices to be delivered to their corporate headquarters in Chicago, Illinois but the products you sell them delivered to their warehouse in St. Louis, Missouri. Select the best solution below.

Select one:

a. Use the Chicago location in all address fields on the customer record but remember to tell the shipping department to use the St. Louis address when preparing the shipping label

b. Enter the Chicago address in the shipping address fields on the customer record and enter the St. Louis address in the billing address fields on the customer record

c. Enter the Chicago address in the billing address fields on the customer record and enter the St. Louis address in the shipping address fields on the customer record

d. Use the St. Louis location in all address fields on the customer record, manually print their invoice and put it in an envelope addressed to the Chicago office

28/ In which situation would you most likely use a journal entry?

Select one:

a. Recording a sale to a customer on account.

b. Recording the payment of a bill by check.

c. Recoding the receipt of a payment from a customer.

d. Recording the monthly depreciation of fixed assets.

29/ You are a painter and just finished painting the workshop at Bill's Windsurf Shop. You make the following Journal entry to record the sale.

Please guide me through this practice using QBO. Thank you23/ An overviewof your company that includes information such as the status of yourincome and expenses and your bank accounts can all be found on

Journal date Journal no. # ACCOUNT DEBITS CREDITS DESCRIPTION NAME Painting income 500.00 Bill's Windsurf Shop 2 Checking 500.00Initial quantity on hand* 0 As of date* What's the as of date? 7/1/20x1 Reorder point What's the reorder point? 3Snow Cones Stands of Texas Snow Cones Stands of Texas Snow Cone Stands of Texas- Dallas Location Snow Cone Stands of Texas Snow Cones Stands of Texas - Austin Location Snow Cones Stands of Texas

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