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(5 points Your text notes that all of the business processes we have studied feed data to the general ledger system. For each ofthe 5
(5 points Your text notes that all of the business processes we have studied feed data to the general ledger system. For each ofthe 5 business processes listed below: Indicate which of the business events listed are activities within that business process (use letters rather than descriptions of business events) Indicate which ofthe business events listed result in a general joumal entry (you do not have to prepare the journal entry) Business Processes 1. Purchasing 2. Billing/Accounts Receivable/Cash Receipts 3. Payroll 4. order entry/Shipping 5. Accounts Payable/Cash Disbursements List of Business Events Cash is received from a credit sale of merchandise B. Merchandise inventory is shipped to a customer C. Company writes off an account receivable that is deemed uncollectible D. Receiving dock employees unload goods from a vendor E. Customer sends a purchase order and our company creates a sales order F. Customer returns a sweater that is the wrong size G. Company accrues employer taxes H. Payment is made to vendor on a purchase made on account I. Company deposits employer taxes at the bank Company asks for an allowance for box of broken lamps received from vendor
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