Question 5 Which 2 statements are true regarding using bank rules in QuickBooks Online? Rules are applied based on how many conditions are set You can select which rules to apply if you open the transaction Rules override a suggested match QuickBooks Online only applies one rule per Rules apply to unaccepted transactions only

Question 5 Which 2 statements are true regarding using bank rules in QuickBooks Online? Rules are applied based on how many conditions are set You can select which rules to apply if you open the transaction Rules override a suggested match QuickBooks Online only applies one rule per Rules apply to unaccepted transactions only

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 1CE: Match the following words with their definitions by entering the correct number in the spaces below....

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Question 4 Which 3 statements regarding bank rules are true? Bank rules can be copied, edited, or deleted Bank rules can only be set up by an Accountant user in QuickBooks Online Bank rules are only included in QuickBooks Online Advanced subscriptions Bank rules cannot automatically split transactions Bank rules can automatically add transactions to the register Bank rules can be prioritized
Question 2 You are reviewing your client's bank feed. She has several expense transactions for the local gas station that are correctly categorized. 1. Go to the For Review tab in the Banking Center 2. Select the multiple gas transactions 3. What step completes the process for adding all of these transactions to the bank feed at the same time? O Select Add
Can you help me with these practice question with quickbooks please To begin connecting bank accounts from the Dashboard, which tab would you start with? A. The Business Overview tab B. Link Accounts C. REview Transactions D. Categorize You are reviewing downloaded bank and credit card transactions. Which action is NOT true: A. ADD - records the transaction in your register B. MATCH - records the transaction in your register C. SPLIT - allows you to choose more than one category for a transaction D. VIEW - shows you the transactions that are possible matches
e - Prod x Module 8 Assessments - ACG20 * CengageNOWv2 | Online teachir ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $20. Journalize the entries that should be made by the company, part (A) Error and part (B) Service Charge a. July 31 Cash Accounts Payable v b. July 31 Miscellaneous Expense v Cash v Feedback Check My Work Keep in mind that the company needs to journalize any adjusting items in the company section…
Enrichment Activity 8-2. Preparation of Deposit Slip ( After the collections and sales for March 25, 2020, Rosemarie B. Luzvimin is to prepare her deposit slip for the following collections: P1,000 bill 3 pcs. P20 bill 13 pcs. 500 bill 6 pcs. 10.00 coin 3 рcs. 200 bill 1 pcs. 9 pcs. 5.00 coin 100 bill 8 pcs. 1.00 coin 3 pcs. 50 bill 14 pcs. .25 coin 2 pcs. Checks to be deposited: BDO Check Tanauan Branch Check No. 14578 amounting to P5,500 BPI Check Malvar Branch Check No. 454532 amounting to P9,000 Landbank Tanauan Bracnh Check No. 789923 amounting to P12,250 Requirement: Prepare the deposit slip/s for all the collections using the account name of the owner with her account number of 0070425184882. (Remove the first numbers if the spaces for account number is not enough)
Question Y O1 3U. Which of the following facility a Mobile Banking customer cannot use? O Facility for using banking facility from anywhere O Option to pay utility bills and Transfer of funds between accounts of same bank and other banks O Facilities of withdrawing cash anywhere anytime O Balance Enquiries and facility for shopping and paying through mobile
6 When preparing a bank deposit which of the following is a best practice? Select one: a. Deposit all customer payments one at a time using the Bank Deposit form b. Group all customer payments with the same payment method together in one deposit c. Leave payments in the undeposited funds account d. Group customer payments with the payment method of checks and credit card payments in one deposit and group all the cash payment methods in a separate deposit
Question 1 From the For review tab in the Banking center, how can you exclude a bank transaction that is a duplicate? Find transaction > Select Update in banner > Exclude Find transaction > Edit > Save and exclude Find transaction > Select Exclude under Action column Find transaction > Check box next to transaction > Select Exclude in banner
What is reconciling? What are the four purposes for reconciling differences in the bank and book balances Only typed answer and don't use chat gpt
estion 4 Your client calls you because they are going through bank feeds and have a problem. They have a transaction in bank feeds that they know has been entered in QuickBooks Online, but there is no suggested match. All of their other matches have been correct. They tried to find a match and still couldn't find it. What might have happened? (Select 2) The transaction was entered using the wrong date The transaction was entered using the wrong source account The transaction was already reconciled before it came through bank feeds The transaction was posted using the wrong target account
Ma1. 1. Where can you enable account numbers for the chart of accounts? Multiple choice question A. The Enable account numbers slider from the Chart of Accounts screen B. The Advanced tab in Account and Settings C. The Customization option from Accountant Tools D. The Chart of accounts tab in Account and Settings 2. A client messaged you saying that there might be something wrong with the bank feed of their checking account. What would be the first thing to do to see if the bank feed will refresh? Multiple choice question A. Select the Troubleshoot button from the Advanced tab of Account and Settings B. Select the Pencil icon on the Checking account tile and select Contact bank C. Select the Update button in the Banking center D. Select the Pencil icon on the Checking account tile and select Troubleshoot 3. Which report would you use to show the least popular products? Multiple choice question A. Sales by Product/Service Summary B. Product/Service List…
Attor Now engagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false lication eBook Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $6,788 Book balance: $8,561 Deposits in transit: $1,803 ● Outstanding checks: $569 and $1,523 Bank service charges: $75 ● Bank incorrectly charged the account $75. The bank will correct the error next month. ● check was expensed to Utilities Expense. Check number 2456 correctly cleared the bank in the amount of $137 but posted in the accounting records as $317. This If an amount box does not require an entry, leave it blank. X X 88 Bank Service Charges 75 ✔ 8 Cash Check My Work statement. Journalize the activity that affects the company's cash balance but it wouldn't know about until receiving the bank Check My Work 2 more Check My Work uses remaining Previous W 9 S MacBook Pro & JE 7 C O GO GO Fight_Ch10(....ppt 10,034 # 3 E D C $ 4 APR 2 30 R…