Question: When a customer's deposit is recorded using the Make Deposits window, QuickBooks creates a behind-the-scenes journal entry that will do what?
- Credit Cash and debit Checking.
- Debit Cash and credit Checking.
- Credit Checking and debit Undeposited Funds.
- Debit Checking and credit Undeposited Funds.
Answer: The correct answer of the above question is Option D:Debit Checking and credit Undeposited Funds.