2. When you first choose Inventory Part item in the New item window of the...

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Accounting

2. When you first choose Inventory Part item in the New item window of the Item List, which two accounts does QuickBooks look for on the Chart of Accounts List? Can you customize these accounts? If so, explain how.

4. Why would you mark an account inactive and how do you do it? What would you do to display inactive accounts in the Chart of Accounts List?

5. If you set up a new company file using the Express Start Method, which journal entries would you normally record to complete the New Company Setup process?

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