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
quester [9]
4 years ago
7

When a customer deposit is recorded using the Make Deposits window, behind the screen QuickBooks converts the transactions into

a journal entry that: Group of answer choices A. Debits Checking account, Credits Undeposited Funds B. Debits Accounts Receivable, Credits Checking account C. Credits Checking account, Debits Undeposited Funds D. Debits Checking account, Credits Accounts Receivable
Business
2 answers:
jenyasd209 [6]4 years ago
6 0

Answer:

C. Credits Checking account, Debits Undeposited Funds.

Explanation: QuickBooks is a small business accounting software program businesses use to manage income and expenses and keep track of the financial health of their business. You can use it to invoice customers, pay bills, generate reports, and prepare for taxes.

san4es73 [151]4 years ago
3 0

Answer: D. Debits Checking account, Credits Accounts Receivable.

Explanation: Account receivable, when cash payment is received from a debtor cash increase and the amount in account receivable decreased. In recording the transaction cash is debited and account receivable is credited.

Checking account is a deposit account held by business organization at a financial institution that allows deposits and withdrawal. Checking accounts are very liquid and can be accessed using ATM, cheque and debit cards.

You might be interested in
Burning fossil fuels and their derivatives produces, among other things, harmful pollutants such as particulates, acid rain-prod
Ratling [72]

Answer:

The correct answer is letter "C": Cornucopians.

Explanation:

Cornucopians are environmentalists who consider that is possible to overcome environmental problems with technical approaches. They have anthropocentric positions because interest in humans is what guides their criteria on the relationship between society and its environment. Cornucopians believe mankind's role in the world is to conquer nature to produce.

3 0
4 years ago
he Allowance for Doubtful Accounts T-account will have the ______ on the credit side. Multiple choice question. sales on account
lukranit [14]

The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.

<h3>What is Doubtful Accounts?</h3>

It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."

The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.

Thus, option B is correct.

For more details about Doubtful Accounts, click here:

brainly.com/question/14301375

#SPJ1

8 0
2 years ago
Which career is likely to earn the highest salary?
kogti [31]

Answer:

b.) Dentist

Explanation:

Hope it helps!

6 0
3 years ago
Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8
Evgesh-ka [11]

Answer:

Debit Retained Earnings $104,500; credit Common Dividends Payable $104,500.

Explanation:

Dividends Payable = 190,000 x $0.55 = $104,500

3 0
3 years ago
11. Assume that somehow, Andy managed to get that loan from a bank officer whith whom he went to school. But instead of using it
antiseptic1488 [7]

$60 for each of the year

<u>Explanation:</u>

Coupon rate always to be consider on face value of bond . In this case 6% should be calculated on face value of bond for three years

$1000 multiply with 6%=$60 for each year.

A coupon rate is the yield paid by a fixed-salary security; a fixed-pay security's coupon rate is basically simply the yearly coupon installments paid by the guarantor comparative with the security's face or standard worth. The coupon rate, or coupon installment, is the yield the security paid on its issue date. This yield changes as the estimation of the security changes, hence giving the security's respect development.

4 0
3 years ago
Other questions:
  • Nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. The rates of inf
    10·1 answer
  • Starting from steady state, a permanent increase in the rate of depreciation in the Solow model causesa. the growth rate of outp
    6·1 answer
  • Which of the following demonstrates the law of supply?a) When leather became more expensive, belt producers decreased their supp
    13·1 answer
  • Palming off: a. is the same as trademark infringement. b. requires proof of the likelihood of confusion. c. is a statutory prote
    10·1 answer
  • You work for a communication company whose employees are located both in a central location (the physical building) and remotely
    12·1 answer
  • The firm's fixed costs are $60 000, variable cost per unit is $15 and selling price per unit is $20. The contribution margin per
    6·1 answer
  • Daimler AG agreed to sell 30 trucks to Romania in exchange for 150 Romanian-made Jeeps, which is an example of
    9·1 answer
  • If something happens to alter the quantity supplied at any given price, then.
    14·1 answer
  • How much does a plumber charge to replace a toilet?.
    6·1 answer
  • alachi is a manager at a home goods store. he subscribes to theory x. in managing his employees, he is most likely to
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!