Question 27 of 35 What is the suggested method for voiding and re-issuing a paycheck? AO Make a journal entry to reverse the original paycheck. Then, issue a new paycheck using the current date. BO Void the original paycheck using the QuickBooks "void" feature. Then, issue a new paycheck using the current date. CO Reverse the original check using the QuickBooks "reversal" feature. Then, issue a new paycheck using the current date. DO Void a new check with the same check number. Then, change the number of the original check to the new check number or print the check.
Question 27 of 35 What is the suggested method for voiding and re-issuing a paycheck? AO Make a journal entry to reverse the original paycheck. Then, issue a new paycheck using the current date. BO Void the original paycheck using the QuickBooks "void" feature. Then, issue a new paycheck using the current date. CO Reverse the original check using the QuickBooks "reversal" feature. Then, issue a new paycheck using the current date. DO Void a new check with the same check number. Then, change the number of the original check to the new check number or print the check.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
1.
These two questions are for quickbooks desktop 2022. Please inlcude explaination. Thank you!
![Question 27 of 35
What is the suggested method for voiding and re-issuing a paycheck?
AO Make a journal entry to reverse the original paycheck. Then, issue a new paycheck using the current date.
BO Void the original paycheck using the QuickBooks "void" feature. Then, issue a new paycheck using the current
date.
CO Reverse the original check using the QuickBooks "reversal" feature. Then, issue a new paycheck using the
current date.
DO Void a new check with the same check number. Then, change the number of the original check to the new
check number or print the check.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F532c8df9-001f-4953-9d9c-f734096512ce%2Fe3044a80-9ef0-43c1-8890-5286715c203f%2F7qcxi2k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 27 of 35
What is the suggested method for voiding and re-issuing a paycheck?
AO Make a journal entry to reverse the original paycheck. Then, issue a new paycheck using the current date.
BO Void the original paycheck using the QuickBooks "void" feature. Then, issue a new paycheck using the current
date.
CO Reverse the original check using the QuickBooks "reversal" feature. Then, issue a new paycheck using the
current date.
DO Void a new check with the same check number. Then, change the number of the original check to the new
check number or print the check.
![Question 28 of 35
Instead of using the Pay Scheduled Liabilities window, a client paid insurance deducted from paychecks by writing a
regular check and listed the Insurance Liability account as the expense. How can you correct this mistake?
AO Use an adjusting journal entry
BO Directly adjust the 941 and the W-2s
Record an adjustment in Adjust Payroll Liabilities and select "Do not affect accounts"
Record an adjustment in Adjust Payroll Liabilities and select "Affect liability and expense account balances"
D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F532c8df9-001f-4953-9d9c-f734096512ce%2Fe3044a80-9ef0-43c1-8890-5286715c203f%2Facjvcg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 28 of 35
Instead of using the Pay Scheduled Liabilities window, a client paid insurance deducted from paychecks by writing a
regular check and listed the Insurance Liability account as the expense. How can you correct this mistake?
AO Use an adjusting journal entry
BO Directly adjust the 941 and the W-2s
Record an adjustment in Adjust Payroll Liabilities and select "Do not affect accounts"
Record an adjustment in Adjust Payroll Liabilities and select "Affect liability and expense account balances"
D
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