1. Cynthia’s Service Merchandise charges sales tax to all sales made in:
a. Georgia
b. Oregon
c. Washington
d. Arizona
e. None of the above.
2. The money that your customers owe to the business is known as:
a. Accounts payable.
b. Revenue.
c. Accounts receivable.
d. Cash in bank.
e. None of the above.
3. The sales tax rate is:
a. 6%
b. 7%
c. 8%
d. 9%
e. None of the above.
4. Use the following Navigation Bar options to record entries in the Cash Receipts Journal:
a. Customers & Sales; Receive Money, Receive Money from Customer.
b. Customers & Sales; Customers, Receive Money, View and Edit Payment Received.
c. Vendor & Payments; Customers, Receive Money, Receive Money from Customer.
d. Tasks; Sales/Invoicing.
e. None of the above.
5. Use the following Navigation Bar options to record entries in the Sales Journal:
a. Maintain/Customers Prospects.
b. Customers & Sales; Customers, Set Up Customer Defaults.
c. Customers & Sales; Sales Invoices, New Sales Invoice.
d. Maintain; Default Information, Customers.
e. None of the above.
6. The owner(s) of Cynthia’s Service Merchandise are:
a. Eric Lerette.
b. Cynthia Barber.
c. both a. and b.
d. Joann Poe.
e. None of the above.
7. PCA's accounts receivable system allows you to set up all of the following, EXCEPT:
a. Customers.
b. Inventory items.
c. Finance charges.
d. Vendors.
e. None of the above.