DEVRY ACCT 251 Week 3 Quiz

14700, Other Current Assets.
Question 13. Question :
(TCO 9) The following accounts are debited and credited when you purchase
inventory on account:
Dr. Inventory account; Cr. Accounts Receivable/Vendor.
Dr. Accounts Payable/Vendor; Cr. Expense account.
Dr. Inventory account; Cr. Accounts Payable/Vendor.
Dr. Accounts Receivable/Customer; Cr. Sales account.
Dr. Accounts Payable/Vendor; Cr. Inventory account.
Question 14. Question :
(TCO 10) To set up specific guidelines for individual employees, make these
selections:
Employee tasks; click Employees, Employee Maintenance, make appropriate
selection.
Tasks; Select for Payment, select Employee.
Maintain; Default Information, Employees.
Employees & Payroll page, click Employees, View and Edit Employees.
Tasks; Payroll for one employee.
Question 15. Question :
(TCO 10) To look at an employee’s record, display this window:
Payroll Entry window.
Tasks; Employees.
Maintain Employees & Sales Reps.
Company; General Journal entry.
Employees & Tasks page; click Employees.
Question 16. Question :
(TCO 10) On the Employee Defaults window, the Employee Fields tab is for:
liability accounts that are related to employee deductions.
assets accounts that are related to employee deductions.
expense accounts that are related to employee deductions.
lability accounts that are related to employer deductions.
expense accounts that are deducted from liabilities.