In this section, you are asked to review and comment on the one of the business cycles provided. Complete steps 1 and 2 prior to preparing your response: 1. Choose from one of the following cycles: Payroll or Purchasing. 2. Review the list of main activities in the cycle you chose (a summary of main activities is listed for each cycle) from the table below. Payroll Activities 1. Hiring Employees 2. Authorizing Payroll Changes Purchasing Activities 1. Requisitioning goods and services 2. Preparing purchase orders

Which of the following should be done first when a customer order is received? Pull the items from the warehouse and prepare them for shipping Check to see if the items orders are available in the warehouse Prepare a bill of lading Approve the customer's credit

make a proper Chart of Accounts for ABC Company: Accounts Payable, Accounts Receivable, Advertising Expense, Cash, C.C. Capital, C.C. Drawing, Equipment, Inventory, Prepaid Insurance, Rent Expense, Sales, Supplies, Utilities Expense. We will work on this in class. Upload here if you don't finish in clas

Why is it important to keep a schedule of accounts payable? O A. to keep track of how many vendors a company has O B. to keep track of what a company owes O C. to determine a company's income after expenses O D. to update all current account balances

What is an estimate in QuickBooks Online? Select an answer: An estimate is a document that outlines a customer's purchase history. An estimate is a document that shows a customer's payment history. An estimate is a document that outlines the expenses a business expects to incur in the future. An estimate is a document that outlines the products or services a business plans to provide to a customer.

Which of the following is usually included in a business plan? a) Detailed description of the product or service b) Marketing and promotional plans c) Management and staffing d) All of the above

Hello Please provide the journal entry for I.

Match each of the five items listed below with one of the following​ locations: 1. Located on the Income Statement debit column of the worksheet 2. Located on the Income Statement credit column of the worksheet 3. Located on the Balance Sheet debit column of the worksheet 4. Located on the Balance Sheet credit column of the worksheet                                               a. Sales Returns and Allowances                                               b. Accrued Salaries Payable                                               c. Sales                                               d. Merchandise Inventory                                               e. Accounts Receivable   a. Sales Returns and Allowance     1. Located on the Income Statement debit column of the worksheet   2. Located on the Income Statement credit column of the worksheet   3. Located on the Balance Sheet debit column of the worksheet   4. Located on the Balance Sheet credit column of the…

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