Below the Excel Spreadsheet,Jill Lists the Names of Each Dog

question 5

Multiple Choice

Below the Excel spreadsheet,Jill lists the names of each dog owner.Each owner's last name will be a hyperlink that opens her email program with an email addressed to the owner she has clicked.To get started,she highlights the first last name,then clicks the ____ button in the ____ group on the _____ tab.

• A) Hyperlink,Hyperlink,LINK
• B) Hyperlink,Insert,HOME
• C) Hyperlink,Links,INSERT
• D) Insert,Hyperlink,LINKS

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Definitions:

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries from the end of the previous period, simplifying the record of new transactions.

Adjusting Entries

Journal entries made at the end of an accounting period to update account balances before producing financial statements, necessary for the accrual basis of accounting.

GAAP

Generally Accepted Accounting Principles; a collection of standardized guidelines and practices for financial accounting.

Income Summary

An account in the closing process that summarizes revenues and expenses for a period, transferring the net result to owner's equity.