Answer:
Customize reports
Review recurring transactions
Set up and implement an online bill pay service
Explanation:
Considering the situation described above, after converting to QuickBooks Online, the 3 setup and customization steps that are appropriate for this client are the following:
1. Customize reports: this includes forms and reports and, if possible to memorize reports.
2. Review recurring transactions: this is to restore desktop QuickBooks memorized transactions.
3. Set up and implement an online bill pay service: this is done either through Intuit Online Payroll or QBOP.
Answer:
D. Estimated Warranty Payable 1,500
Merchandise Inventory 1,500
When the Warranty is honored, the Estimated Warranty account is debited to show the claiming of the expense.
The relevant asset account which in this case is Merchandise inventory is credited to show that it's reduction.
Answer:
See below
Explanation:
Bank reconciliation statement
1.
Bank balance statement
$67,666
Add:
Bank error
$530
Deduct:
Outstanding check
($138)
Adjusted bank balance
$68,058
Cash book balance
$68,189
Add:
Bank interest
$31
Deduct:
Safety deposit rental
($59)
Charge for checks
($103)
Adjusted cash balance
$68,058
2. Journal entries
March-31 Cash a/c Dr $530
To Bank errors Cr $530
March-31 Outstanding checks a/c Dr $138
To Cash Cr $138
March-31 Miscellaneous expense a/c Dr $162
To Cash Cr $162
March-31 Cash a/c Dr $31
To Interest revenue Cr $31
Answer:
The correct answer is (a)
Explanation:
Akira Takano is trying to examine the cause and effect relationship by doping the price of a particular product to see how people respond to a price change. To examine the cause and effect relationship Akira Takano has employed causal research. Casual research is based on conducting exploratory research to analyse cause and effect relationship.
