Reference no: EM132943485

Problem 1: Which report lists taxable and non-taxable sales separated by sales tax item grouped by vendor?

A Sales Tax Payable Summary

B Sales Tax Revenue Summary

C Sales Tax Payable by Vendor

D Sales Tax Payable by Customer

Problem 2: Your client has a customer who is also a vendor. They want to offset what they owe the vendor against what the customer owes them. According to the method detailed in the Guide, what is the first step in this process?

A Make the customer and vendor inactive

B Create a new customer named CPA Use Only

C Create an income account called Trade-Off Income

D Create a bank account called Barter Clearing Account