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When you're done reviewing, remember to submit this section. Check carefully: You can’t go back to your answers once you ve submitted. Review Answers Submit section + Ql « Select the true statement about journal entries in QuickBooks Online. Your answer: Your client can’t create an Adjusting Journal Entry Edit answer + Q2 * Which option has the correct information about how a delayed charge is used, and how it is created and linked to an invoice? Your answer: Use a delayed charge to record a fee that you want to invoice in the future. The first step is to select Delayed charge from the Quick Create menu, and then add to an invoice later by selecting Add when the customer invoice is created. Edit answer + Q3 + Your client wants to offer a 10% discount to their wholesale customers. Which 2 features of QuickBooks Online will they need to use to set this up? Your answer: Price Rules Customer Types Edit answer + O4 « Where should they start the process? Your answer: Navigate to the Quick Create icon, then find the Transfer link Edit answer * Q5 « When should youuse the Add other funds to this deposit gridin a Deposit Transaction? Identify 3 correct options. Your answer: Whenanemployee reimburses the company You receive atax refund from the IRS When a company doesn’t record income using sales transactions (invoices or sales receipts), and wants to record deposits directly to income accounts Edit answer * Q6 * Select the missing step from the options below. Your answer: Select the Gear icon then Recurring Transactions Edit answer + Q7 + Which of the options below correctly fills in the blanks? Your answer: 1. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds Edit answer «After entering a transaction, how does a client check on the profitability of a project? Your answer: By selecting Project Profitability from the Overview tab Edit answer 
