Question 48 When a customer deposit is recorded using the Make Deposits window, behind the screen...
Question 48
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When a customer deposit is recorded using the Make Deposits window, behind the screen QuickBooks converts the transaction into a journal entry that:
A. Debits checking and credits undeposited funds
B. Credits checking and debits undeposited funds
C. Debits checking and credits accounts receivable
D. Debits accounts receivable and credits checking
Homework Answers
Solution:
When a customer deposit is recorded using the Make Deposits window, behind the screen QuickBooks converts the transaction into a journal entry that "Debits checking and credits undeposited funds".
Hence option "A" is correct.
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Question 48
When a customer deposit is recorded using the Make Deposits
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PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE.
THANK YOU!
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PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE.
THANK YOU!
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