1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stich3 [128]
1 year ago
13

Eileen is setting up a company in QuickBooks Online and needs to fill in opening balances for vendors. What is the best way to r

ecord opening vendor balances and why?
Business
1 answer:
Vsevolod [243]1 year ago
6 0

The best ways is to fill in the opening balance in the vendor details dialogue box. This method is quick, and one may finish it when one create the vendor.

The Vendor Balance Summary report summarizes the company's obligations and overpayments to certain vendors. The overarching goal of this report is to identify accounting irregularities. View the Vendor Balance Detailed report for further information on the vendor's balance.

The following information is included in the report:

  • Vendor: Either the vendor indicated in the preceding filtering choices or all suppliers accessible to the firm.
  • Balance: The amount owed to a certain vendor or the credit/overpayment amount (marked with brackets).
  • Totals: The total amount owed or payed to the suppliers listed.

To learn more about opening balance of vendors click on :

"brainly.com/question/4688609"

#SPJ10

You might be interested in
Which of the following is an advantage of the corporate form of business when compared to sole proprietorships and partnerships?
Rudiy27

Answer:

D. Limited Partnership

Explanation:

Sole proprietorship is business owned , run & managed by single owner. Partnership is a business owned , run & managed by small group of people - deciding to share its profits .

Entrepreneurs in these have Unlimited Liability on personal assets, in case business assets are insufficient to settle business liabilities .

Corporation is a separate legal entity, distinct from its huge group of owners , guided by a board of directors. In case of any claim / sue case : it is against corporate entity & not the people, so they don't have any unlimited liability risk on personal assets to fulfil company's claims .

5 0
3 years ago
Information on Psi Phi Inc.âs three products are as follows: A B C Unit sales per month â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦
VikaD [51]

Answer:

fgoooo

Explanation:

fhgfh can you give me mola

4 0
3 years ago
Effects of the launching of Sputnik included:________
Genrish500 [490]

Answer:

Option D

Calls for more funding for science education in America the growth of the antiwar movement

Explanation:

Due to the cold war, the need for superiority in science and technology was created, and the U.S and Russia were the two countries running the arms race to gain superiority. When Russia launched the first rocket into space, The US responded by channeling funds into research and development. This was done in order to launch their own satellite into space as well. This was achieved a few years later with the launching of the Explorer 1

3 0
3 years ago
You and several friends are stranded on a desert island. the group decides to gather coconuts. being afraid of heights, the grou
klasskru [66]

Capital is a way of having land and labor to be involved for production. In the given scenario above, the catapult and rock would be a capital since it is needed to be made by people in order to gain something or it is used for production.

3 0
3 years ago
Read 2 more answers
Consider a single period problem where the riskless interest rate is zero, and there are no taxes. A firm consists of a machine
kifflom [539]

Assuming the firm has 100 shares outstanding and debt with a face value of $50 due at the end of the period. The share price of the firm is $0.95.

<h3>Share price</h3>

First step is to calculate the expected payoff to equity

Expected equity=[($80 ×0.5) + ($210 × 0.5)]-$50

Expected equity=($40+$105)-$50

Expected equity = $145-$50

Expected equity=$95

Now let calculate the share price

Share price=$96/100 shares

Share price=$0.95

Inconclusion the share price of the firm is $0.95.

Learn more about share price here:brainly.com/question/1166179

8 0
2 years ago
Other questions:
  • A customer has requested that Lewelling Corporation fill a special order for 2,600 units of product S47 for $31 a unit. While th
    5·1 answer
  • When a team consists of members who come from different functional areas, with different areas of expertise, different informati
    6·1 answer
  • A brand of wine is priced at only $5 per bottle, far below the market price of most high quality wines. Before any reputation ex
    5·1 answer
  • One primary difference between services and the production of goods is that services are consumed _____ whereas goods can be ___
    9·1 answer
  • Selected information from Jacklyn Hyde Corporation's accounting records and financial statements for 2021 is as follows ($ in mi
    5·1 answer
  • Mary Smith took a car loan of $25,000 to pay back in 48 monthly installments at an interest rate of 8%. Compute the loan balance
    12·1 answer
  • Juniper Company, Inc. uses a perpetual inventory system. The company purchased $9,750 of merchandise on August 7 with terms 1/10
    10·1 answer
  • Most of the property in command economies is owned by
    9·2 answers
  • Please give me answer​
    10·2 answers
  • he journal entry to record $5.6 million in sales on account includes a ______. (Select all that apply.) Multiple select question
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!