One Way QBO Enters Adjusting Entries Is Through Using the Onscreen

question 3

Multiple Choice

One way QBO enters adjusting entries is through using the Onscreen Journal. This method involves using the following process?

• A)Select the Create (+)icon,then select Journal Entry to access the Onscreen Journal. Enter the Journal date,and Journal no (usually,label as AJE). On Line 1 select Account to debit from the drop-down list,enter the Debit Amount,and Description.Do the same process on Line 2 for the credit.
• B)Select the Gear icon,then select Adjustment to access the Onscreen Journal. Enter the Journal date,and Journal no. On Line 1 select Account to debit from the drop-down list,enter the Debit Amount,and Description.Do the same process on Line 2 for the credit.
• C)Select the Create (+)icon,then select Adjustment to access the Onscreen Journal. Enter the Journal date,and Journal no. On Line 1 select Account to debit from the drop-down list,enter the Debit Amount,and Description.Do the same process on Line 2 for the credit.
• D)The Onscreen Journal is generally not used to enter in adjustments. It does not identify adjustments clearly enough.

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Definitions:

Deep Processing

A cognitive processing approach that involves thoughtful consideration of the meanings and implications of information.

Shallow Processing

a minimal level of mental engagement used in learning or memory, often involving only superficial characteristics.

Meaningful Information

Data or knowledge that holds significance or usefulness to an individual, often contributing to understanding or decision-making.

Time Spent Learning

The duration dedicated to acquiring new knowledge or skills through study, experience, or teaching.