Quickbooks Chapter 7

Question 1

The _______ report tells you the quantity, total asset value, and average cost for inventory items.

Group of answer choices

Transaction List by Vendor

Inventory Valuation Summary

Inventory Cost Analysis

Unpaid Bills

Question 2

A(n) ________ is prepared to order merchandise.

Group of answer choices

Purchase Order

Bill

Inventory List report

Expense

Question 3

To use a check to pay for a bill that has not been recorded, you access _______ in the Vendors column.

Group of answer choices

a. Pay Bills

b. Bills

c. Check

d. Accounts Payable

Question 4

With Terms of 2% 10 Net 30 what is the discount amount for a purchase of $500?

Group of answer choices

10 cents

$1.00

$10.00

$100.00