Accounsery, 740 Flowe Horting EXERCISE At Waterloo Industries, the revenue processes are conducted by five employees. The five employees are the sales clerk, warehouse clerk, accountant , accountant 2 and the collection derk. A description of their duties is as follows a. The sales clerk reches Customer orders by phone. She or he prepares a four-copy sales order form. One copy is filed, one copy pocs to the warehouse clerk, one copy goes to accountant 1 and one copy is mailed to the customer h. After receiving a sales order, the warehouse clerk prepares a packing slip, takes the proper items from the warehouse, and ships them with the packing slip enclosed. The sales order is stamped with the ship date, and the shipping log is updated. The sales order is filed by cus tomer number e. After receiving the sales order from the sales clerk, accountant 1 reviews the customer records and either approves or disapproves customer credit. If he approves the customer's credit, he stamps the sales order approved" and forwards it to accountant 2 Accountant prepares a three-copy Invoice. One copy is mailed to the customer, one copy is forwarded to accountant 2 and one copy goes to the collection clerk. d. Accountant 2 matches the approved sales order to the invoice and files these by Customer number e. After receiving a copy of the invoice, the collec tlon clerk posts the sale to the sales journal and the accounts receivable subsidiary lege Daily w from the sales journal are went to account anti, who post these sales mmaries to the general ledger L A mail clerk forwards customer checks to the collection clerk. The collection clerk stamps the ched For Deposit Only and records it in the accounts receivable by edges. The check is recorded in the calcipes journal the collection clerk. The collection clerk deposit checks is the bank account week. A weekly summary of chronipilis forwarded to countant who record these mares the general ledge Aspmour : Prepare THE WATER.LDO DUBH Trees Sh has found Collection Document Flow CHANT