When a deposit is recorded using the Make Deposits window, behind the screen QuickBooks converts the transactions into a journal entry that:

1. Decreases an Expense account and decreases the Checking account. 2. Decreases the Accounts Payable account and decreases the Checking account. 3. Increases the Accounts Payable account and increases the Checking account. 4. Increases an Expense account and increases the Accounts Payable account.

Which of the following selections would be best for recording a customer payment from a cash sale in QuickBooks?

1. Receive Payment 2. Create Invoice 3. Make Deposit 4. Create Sales Receipt