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Business, 04.12.2020 23:30 julian1260
When might you use the Bank Deposit Transaction in Quickbooks Online?
ā¢ Your client wants to apply a customer payment to an open invoice
ā¢ Your client wants to record an SBA loan amount received
ā¢ Your client wants to record sales from her upcoming trade show and provide sales receipts
ā¢ Your clients wants to refund a customer
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The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.
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When might you use the Bank Deposit Transaction in Quickbooks Online?
ā¢ Your client wants to apply...
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