Creating a customer account for each customer on Pastel is the same as creating a ... 1. customer category 2. customer ledger 3. general ledger account 4. subledger account оо О О

In June 2021, Chan Lee opened a photography studio that provides services to public and private schools. His firm's Chart of Accounts and financial activities for the first month of operations appear below: Chan Lee Photography Studio Chart of Accounts ASSETS REVENUE 101 Cash 404 Service Fees 111 Accounts Receivable EXPENSES Rent Expense Salaries Expense Telephone Expense Utilities Expense Miscellaneous Expense Supplies Office Furniture 121 511 141 512 Office Equipment Photographic Equipment LIABILITIES 142 513 151 514 531 202 Accounts Payable OWNER’S EQUITY Chan Lee, Capital Chan Lee, Drawing 301 302 Date Transactions June 1 Chan Lee invested P300,000 cash in the business. 2 Issued Check # 1001 for P30,000 to pay the June rent. 5 Purchased desks and other office furniture for P50,000 from Office Plus; received Invoice # 5312, payable in 60 days. 6 Issued Check # 1002 for P150,000 to purchase photographic equipment. 7 Purchased photography supplies for P40,000, paid with Check # 1003.…

create t-accounts general ledger

What are 2 ways to check a client's subscription level in QuickBooks Online Accountant? By hovering over the qb icon in the Clients menu From the Clients tab in Account and Settings From the Subscriptions and billing screen from the Gear icon From the Company Settings screen from the Gear icon From the Advanced tab in Account and Settings

What are 2 tools you can use to identify possible issues in a QuickBooks Online company?   Transaction Journal   Import Data   Account and Settings   Audit Log   Journal Entry

Identify each item 1 through 10 with the system component A through E that it is best associated with. A. Source documents B. Input devices C. Information processors D. Information storage E. Output devices 1. Computer keyboard 2. Printer 3. Monitor 4. Bank statement 5. Ledger software 6. Cloud storage 7. Journal software 8. Invoice from supplier 9. Computer scanner 10. Filing cabinet

Answer True or False to each of the following. 1.  To add a customer you click on the Task menu.         True/False 2.  A list of all the accounts used by a company showing the assigned numbers to each account is called Chart of Accounts. True/False 3.  Reports can only be generated for final accounts when using an accounting software package. True/False 4. Under the File Menu, more than one company can be viewed at a time. True/False 5.  To  add a vendor click on Maintain,  add vendor. True/False Answer True or False to each of the following. 1. A quote can be converted to a sales invoice  2. Most companies use batch posting instead of real-time posting for transactions  3. The Peachtree system can use both the accrual basis and cash basis to record   transactions of accounting  4. To set up a new company, you would select the maintain option on the menu bar  5. Accounts descriptions cannot be changed once they have been saved

Prepare the T-Accounts Ledger

sub : accounts Dnt use chatgpt. Please type the solution. Thank You

A software package where an entry for a purchase on account updates both the general ledger and the vendors ledger is an example of:   Question 45 options:   an accounting database program   an integrated accounting software package such as Sage 50 or QuickBooks   a one-step accounting package   an excel add-on program.