True/False

ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER. (Note: the question numbers do not refer to the chapter objectives.)

4.01. QuickBooks Online uses the Vendors List as the Accounts Receivable Ledger.

4.02. The Bill Payment List report tells you which bills have not been paid.

4.03. You can add a new account while recording a bill.

4.04. The Pay Bills window does not tell you which bills are overdue.

4.05. On the Pay Bills Screen, QuickBooks Online inserts the amount for Credit Applied (if available) when the bill is selected for payment.

4.06. When you use Compare to view an Audit History for a transaction, the original transaction amount is highlighted.

4.07. A bill must be voided manually.

4.08. The Transaction List by Vendor shows every transaction recorded in debit/credit format.

4.09. A Vendor Credit increases the amount you owe a vendor.

4.10. A prepaid expense is an expense account.