DEVRY ACCT 251 Week 3 Quiz

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(TCO 1) The Options menu has selections that allow the user to: check global settings and define an Internet connection. Back up. print reports. enter journal entries. post to the general ledger. Question 4. Question : (TCO 2) In the computer accounting cycle, the following report is not included: adjusted trial balance. unadjusted trial balance. worksheet. financial statements. statement of cash flow. Question 5. Question : (TCO 6) The customer ID for Teesdale Real Estate is: TEESDALE-01. TEESDALE. Teesdale-01. Teesdale 01. Teesdale Estate. Question 6. Question : (TCO 6) On the Navigation Bar, make the following selections to enter a sales invoice: Customers & Sales page; click on the Customers icon and select View and Edit Customers. Customers & Sales page; click on the Sales Invoices icon and select Set Up Invoice Defaults. Tasks; Purchases/Receive Inventory. Customers & Sales page; click on the Sales Invoices icon and select New Sales Invoice. Inventory & Services page; click on the Invoice icon, select View and Edit Invoices. Question 7. Question : (TCO 6) The standard sales discount, in terms of number of days, for Bellwether Garden Supply is: no sales discount is offered. a discount if balance is paid in full within 10 days. a discount if balance is paid in full within 15 days. a discount if balance is paid in full within 20 days. a discount if balance is paid in full within 25 days.
Question 8. Question : (TCO 7) On the Navigation Bar, make the following selections to make a general journal entry: Company page; click on the Chart of Accounts icon and select View and Edit Accounts. Company page; link to General Journal Entry. Banking page; click on the Write Checks icon and select New Check. Company page; link to Restore a backup and click on the General Journal Entry icon. Maintain; select General Journal record. Question 9. Question : (TCO 7) To transfer money to the money market fund, make the following type of entry: General Journal. Payments. Receipts. Tasks. Maintenance. Question 10. Question : (TCO 7) If your GL Account columns and A/P Account field are not displayed on the Purchases/Receive Inventory window, you need to: check the Tasks windows. check the maintenance menus. click on Options; Global; uncheck the three boxes in the Hide General Ledger Accounts section. reset the defaults in the Accounting Behind the Screens selection. do nothing; Accounting Behind the Screens cannot be changed. Question 11. Question : (TCO 9) The contact name for the vendor Anderson’s Landscaping is: Jesse Wood. Jerry Johnson. Steven Cole. Frank Anderson. Lilio Chomette. Question 12. Question : (TCO 9) The purchase account for Anderson’s Landscaping is: 57200, Materials Cost. 57000, Direct Labor. 57000 – LS, Direct Labor – Landscaping. 57200 – LS, Materials Cost – Landscaping.
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DEVRY ACCT 251 Week 3 Quiz

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