Student Name

BU$221$ Computerized Accounting Assignment $3$

Provide the correct QuickBooks Type and Detail Type for each of the following accounts.

$\backslash$table$[[,$Account,Type,,Detail type$],[$a$.,$Undeposited Funds,Other Income,maseris:,Other Miscellaneous Income$],[$Undeposited Funds,,metpertes,$(2)],[$b$.,$Prepaid Rent,,$+,],[$rrepaid Rent,Expenses,,Rent or Lease of Buildings$],[$Prepaid Rent,,,$],[$c$.,$Automobile Expense,Bank,,Cash on Hand$],[$Automobile Expense,,,$],[$d$.,$Loan Payable,Bank,,Cash on Hand$],[$Loan Payable,,,$],[$e$.,$Visa Credit Card,Expenses,,Other Business Expenses$],[$Visa Credit Card,,,$],[$f$.,$Liability Insurance Expense,Other Current Liabilities,,Insurance Payable$],[$Liability Insurance Expense,,,$],[$g$.,$Equipment Rental Expense,Expenses,,Advertising$/$Promotional$],[$Equipment Rental Expense,Expenses,,$3mi=4$ is$]]$

Briefly explain the difference between a sales receipt and an invoice in QuickBooks.

B$.$ Briefly explain the difference between recording an expense and recording a bill in QuickBooks.