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Question $4 / 12$ Brendan needs to summarize all unpaid customer balances. Which QuickBooks report would be most useful? Profit and loss Accounts payable aging summary Accounts receivable aging summary Balance sheet

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Stewart

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To determine the most useful QuickBooks report for Brendan’s need to summarize all unpaid customer balances, we need to identify which report specifically addresses unpaid customer balances.

Solution By Steps

Step 1: Identify the relevance of each report

Profit and loss: This report shows the income and expenses over a period, not specifically unpaid customer balances.

Accounts payable aging summary: This report details unpaid bills to vendors, not customer balances.

Accounts receivable aging summary: This report lists unpaid customer invoices, which directly relates to unpaid customer balances.

Balance sheet: This report shows the financial position of the company at a specific point in time, including assets, liabilities, and equity, but not specifically unpaid customer balances.

Step 2: Select the most relevant report

Based on the descriptions, the Accounts receivable aging summary is the most relevant report as it specifically lists unpaid customer invoices, which is what Brendan needs to summarize.

Final Answer

The most useful QuickBooks report for Brendan to summarize all unpaid customer balances is the Accounts receivable aging summary.

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