ACCOUNTING INFORMATION SYSTEM The ABC Bookstore occupies two levels in a building adjacent to the campus of Rival Trite University. On the lower level are textbooks and other books; on the upper level are sundry non-book articles and supplies. Soleil, who is the sole owner of the bookstore, personally directs all operations. Johnson is in charge of merchandising on the upper level. Cressia manages the merchandising activities on the lower level. The remaining personnel consist of one accountant, three bookkeepers, four merchandise order clerks, one inventory manager, one cashier, two stocks clerk, four check-out clerks, and one custodian. Temporary personnel are added during peak periods, such as the beginning of semesters. The building occupied by the bookstore is leased. However, the four cash registers, store fixtures, desks and related office furniture, desktops, dollies, calculators and two small vans are owned. Merchandise for resale is purchased from over 200 suppliers. Store supplies ranging from stationeries to cleansing powders are acquired from several other suppliers. Textbooks are bought subject to return privileges since estimated course sizes do not always materialize. On the other hand, the bookstore buys used textbooks from students at the end of each semester; these used textbooks are then resold to other students or sold to used-book wholesalers. All merchandise is sold on a cash basis. Funds are also raised by short-term bank loans at the beginning of each semester. REQUIRED: a. Identify 5 key transactions conducted by the bookstore.