Marcy bought a new pair of designer shoes and a matching purse. She paid using a method that would immediately deduct the amount she spent from her bank account. How did she pay? A Debit Card B Check C Cash D Credit Card

Carmen is making an interbank transfer of $1,500 from Bank A to Bank B to cover an overdraft. What is the effect of entering this transaction in Transfer within QuickBooks? Select an answer: It records the transfer she made. It instructs Bank A to transfer the funds. It informs Bank B that the funds are on the way.

A friend of yours is graduating college next month. He has had a credit card and student loans for the past few years, but he’s never bothered to check his credit report. 1)Why is it vital that your friend reviews his credit report? How soon would you recommend he does so and why? 2) Which sections of information in his credit report should he pay particular attention to given his situation?

explain why it is important for a business to do a bank reconciliation monthly.