Sage Chapter 12 & 13 Questions | 100% Correct Answers | UpToDate Doc | Already Graded A+

Merchandising businesses purchase the merchandise they sell from suppliers known as: ☑: Vendors A purchase return to a vendor is recorded on the Vendor Credit Memos window as follows: ☑: Select Vendor > Invoice number > quantity returned. When paying vendors, minus a return of merchandise: ☑: Click on the "Pay" box for the invoice as the purchase return is automatically calculated. If the "A/P Account" field and "GL Account" column are not shown, what Sage 50 menubar selection should you check? ☑: Options > Global > uncheck Hide General Ledger Accounts. When setting up a new company in Sage 50, select five-digit Chart of Account numbers from the: EXCELLENCE ☑: Detailed list. To start journal entries on January 1, 2019, select December 1-31, 2018 as the chart of accounts beginning balance period. ☑: True