What is the ending inventory value for ornamental

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11. What is the ending inventory value for Ornamental Trees and Decorative Spotlights as of October 31 of the current year?
12. Which of the following is the total of the billable time and expense charges for Freeman Sporting Goods (including all jobs), as of October 31 of the current year before the invoices are created?
13. Which of the following is the total of all unbilled charges for Video Games by Dan?
14. Is the Ocean View Road job over or under budget in total?
15. Which of the following is the total tax amount? a. $823.48 b. Column Added: Tax Amount; Filter Added: Product/Service Taxable = All c. Window; Tile and Counter
16. Which of the following is the amount of the sales tax payment check?
17. Which of the following vendors meets the threshold for 1099s?
QuickBooks Advanced Certification 2017 Section 3: Special Transactions Score 94% Incorrect answers to Question 3.b. 1. When setting up Retail Sales -Taxable which 2 field must be completed/marked? When setting up the Retail Sales Taxable Product/Service item’s “Income Account” field, which of the following accounts should be selected?
2. When Setting up MC & Visa Payments which field should be marked/completed? What account should be used in the income account field? a. I Sell this product/service to my customers b. Undeposited funds
3. When setting up the Product/Service item Amex Payment, which of the following fields should be marked/completed? When setting up the Amex Payment Product/Service item “Income Account” field, which of the following accounts should be used?
4. 5. Michelle has sold custom products to Laura worth $5,000.00. Which of the following transaction would you use? When Michele received bill from Laura which should she use? a. Create Invoice b. Enter bill Account Description Debit Credit Salaries & Wages - Gross Wages 3900.00 0.00 Payroll Tax Expense - Employer Taxes 415.35 0.00 Payroll Tax Liabilities - Employee Withholding 0.00 0.00 Workers Comp Expense Pay as you go workers Comp 98.24 0.00 Payroll Service Fees Payroll Service Fees 38.95 0.00 Cash-Checking - Total Tax Obligations 0.00 1484.30 Pension Expense Simple IRA 0.00 0.00 Cash-Checking Total Direct Deposit 0.00 1938.15 Cash-Checking - Check #5261 0.00 795.40 Cash-Checking - Pay as you go workers comp 0.00 98.24 Accrued Payroll Net Pay 0.00 0.00 Cash-Checking Payroll Service Fees 0.00 38.95 Simple IRA Payable Simple IRA 0.00 97.50 Total 4452.54 4452.54
QuickBooks Advanced Certification 2017 Section 3: Special Transactions

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