ACC 2010 Week 3 Assignment 2\t\u00a0\t\tShort-Answer Questions:\t\u00a0\tWhat icon(s) can be used to display lookup lists?\tDescribe three ways to open a lookup list.\tIf you want to look at a customer’s account, what window do you open? Describe the selections.\tWhat is the customer identification for Teesdale Real Estate?\tWhat is the sales discount Teesdale Real Estate?\tWhat is the default discount for customers?\tDescribe what happens when you use the Accounts Receivable subsidiary ledger.\tWhen you want to print an invoice in PCA, what are the steps?\tHow do you post a sales order to the controlling account in the general ledger and the customer subsidiary ledger?\tIf you receive payment from a customer, what window do you use?\t\u00a0\tMultiple Choice Questions:\t\u00a0\t1. Cynthia’s Service Merchandise charges sales tax to all sales made in:\tGeorgia\tOregon.\tWashington.\tArizona.\tNone of the above.\t\u00a0\t2. The money that your customers owe to the business is known as:\tAccounts payable.\tRevenue.\tAccounts receivable.\tCash in bank.\tNone of the above.\t\u00a0\t3. The sales tax rate is:\t6%.\t7%.\t8%.\t9%.\tNone of the above.\t\u00a0\t4. Use the following Navigation Bar options to record entries in the Cash Receipts Journal:\tCustomers & Sales; Receive Money, Receive Money from Customer.\tCustomers & Sales; Customers, Receive Money, View and Edit Payment Received.\tVendor & Payments; Customers, Receive Money, Receive Money from Customer.\tTasks; Sales\/Invoicing.\tNone of the above.\t\u00a0\t5. Use the following Navigation Bar options to record entries in the Sales Journal:\tMaintain\/Customers Prospects.\tCustomers & Sales; Customers, Set Up Customer Defaults.\tCustomers & Sales; Sales Invoices, New Sales Invoice.\tMaintain; Default Information, Customers.\tNone of the above.\t\u00a0\t6. The owner(s) of Cynthia’s Service Merchandise are:\tEric Lerette.\tCynthia Barber.\tboth a. and b.\tJoann Poe.\tNone of the above.\t\u00a0\t7. PCA’s accounts receivable system allows you to set up all of the following, EXCEPT:\tCustomers.\tInventory Items.\tFinance charges.\tVendors.\tNone of the above.\t\u00a0\t8. All journal entries made to the Sales Journal are posted to the General ledger and to the:\tAccounts payable ledger.\tCustomer ledger.\tJob cost ledger.\tPayroll register.\tNone of the above.\t\u00a0\t9. The sales tax payable is:\tAccount No. 52000.\tAccount No. 53000.\tAccount No. 23100.\tAccount No. 12000.\tNone of the above.\t\u00a0\t10. The Customer ID for Aileen Parker is:\tAAP001.\tap001.\tap002.\tAP002.\tNone of the above.\t\u00a0\t11. The Cash Account number is shown on which of the following windows:\tSales\/Invoicing.\tPurchases\/Receive Inventory.\tReceipts.\tGeneral Journal Entry.\tNone of the above.\t\u00a0\t12. The account used for hardware sales:\tAccount No. 40000.\tAccount No. 40800.\tAccount No. 40200.\tAccount No. 40400.\tNone of the above.\t\u00a0\t13. A sales return is also called a\/an:\u00a0\tCredit memo.\tDebit memo.\tInvoice.\tReceipt.\tNone of the above.\t\u00a0\t14. To back up all of Chapter 13’s data, the following file name is used:\u00a0\tChapter 13 Begin.\tChapter 13b.\tBackup.\tChapter 13.\tNone of the above.\t\u00a0\t15. The GL Sales Account wall is:\u00a0\tAccount No. 44200.\tAccount No. 44300.\tAccount No. 44400.\tAccount No. 40200.\tNone of the above.\t\u00a0\tExercise 7-1\tExercise 7-2\t\u00a0\tTrue\/Make True Questions\tPeachtree automatically calculates financial statements once journal entries have been journalized and posted.\tIn Chapter 7, you printed three financial statements.\tThe statement of cash flow is roughly the same thing as a balance sheet.\tThe balance sheet lists the revenues and expenses of the business.\tThe income statement is a summary of the revenue and expenses of a company for a period of time, such as an accounting period for a year.\tThe financial statements printed by Peachtree reflect month-to-date amounts only.\tThe financial statements are interrelated.\tThe term standard refers to financial statements that are designed by the company.\tBellwether Garden Supply showed a net loss for the current month, March 31, 2012.\tThe statement of changes in financial position derives its information from the income statement.<\/p>\n","protected":false},"excerpt":{"rendered":"
ACC 2010 Week 3 Assignment 2 \u00a0 Short-Answer Questions: \u00a0 What icon(s) can be used to display lookup lists? Describe three ways to open a lookup list. If you want to look at a customer’s account, what window do you Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-199427","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/199427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=199427"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/199427\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=199427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=199427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=199427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}