Prescott Dolls sells porcelain dolls exclusively at antique shows. Prescott Dolls purchases inventory from individuals at garage sales, flea markets, antique malls, and estate sales. Each time the owner, Dahlia Prescott, makes a purchase, she records the person’s name, address, date, specific items purchased and price paid, and total amount spent. Later at home, Dahlia cleans, researches, and prices the inventory for sale to customers. Sheassigns an inventory number to each item and records the ‘asking’ price. Dahlia buys price tags and display supplies from a company that sells at flea markets and antique shows. All inventory and supplies purchases are immediately paid for using cash or with company checks from a bank account in Prescott Dolls’ name. Cash received from customer sales are also deposited in this account. Three times a year, Dahlia rents a booth at antique shows. A deposit is always required, with the balance due at the start of the show. Dahlia records the deposit and final payment, along with the show organizer’s name and address, in the same worksheet on which she records purchases of inventory and supplies.

REQUIRED

Draw an REA diagram for Prescott Dolls, related to purchasing inventory and supplies, renting booths, and paying for all items.