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When entering beginning balances, what is the default Chart of Accounts category?

What term is used to describe money in and money out?

In QBO, Recurring transactions can be classified as: 1. Scheduled 2. Unscheduled 3. Reminder. Which of the following statements is NOT true regarding these three classifications?

Your brother John owns a tire shop in Arkansas, and you live in Missouri.  John gives you a new set of tires from his store for your birthday. Which Arkansas tax is charged for this transaction?

What product type would you choose to add a sushi burrito?

Marcy lives in Louisiana and purchases items from Wal-Mart.com that are shipped and sold by Wal-Mart.  Wal-Mart’s headquarters are in Bentonville, AR.  Which Arkansas tax is charged for this transaction?

What is the difference between a Sales Receipt and an Invoice?

All of the following are true regarding the Products and Services List except:

Sissy owns a clothing store in Rogers, AR, named Sissy’s Styles.  Sissy’s Styles purchases 35 pairs of fashion jeans from a manufacturer in Eudora, AR.  The jeans are to be re-sold in the Rogers store.  Which Arkansas tax is charged for this transaction?

J & J’s Auto Shop is located in Bella Vista, AR.  Mark lives in Pineville, MO, and takes his car to J & J’s to have some repairs made.  Mark returns to J & J’s one week later to pay for the repair service and get his repaired car.  Which Arkansas tax is charged for this transaction?