PLEEEASE HELP! Quickbooks

21) Your company needs a quick infusion of cash. You decide to put $10,000 of your own money into the business checking account. On QuickBooks Bank Deposit page, you select Checking in the Account field and enter the date. What do you do next?

1. A In the Add Funds to this Deposit section, choose Owner in the Received From column, and choose Checking from the drop-down list in the Account column.

2. B In the Add Funds to this Deposit section, skip the Received From column, and choose Owners Draw from the drop-down list in the Account column.

3. C In the Add Funds to this Deposit section, skip the Received From column, and choose Owners Equity from the drop-down list in the Account column.

4. D In the Add Funds to this Deposit section, choose Owner in the Received From column, and choose Cash from the drop-down list in the Account column.

19) Which of the following statements about converting a sub-customer to a project in QuickBooks is true?

1. A Once a sub-customer is converted to a project, the process is not reversible.

2. B A project can be converted to a sub-customer but not the other way around.

3. C Financial information will remain with the sub-customer while transaction information will convert to the project format.

4. D QuickBooks recommends using sub-customers rather than projects to track transactions.

17) Which account balances are transferred to Retained Earnings during the closing process?

1. A Accounts Receivable

2. B Liabilities

3. C Revenues and Expenses

4. D Assets

16) There are several valuable reports you can run to evaluate your business performance. Intuit has grouped these reports for easy access in the Management reports tab. Which two reports are grouped in Company Overview?

1. A Profit and Loss, A/R Aging Detail.

2. B Profit and Loss, Expenses by Vendor Summary.

3. C Profit and Loss, Sales by Customer Summary.

4. D Profit and Loss, Balance Sheet.