Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you help me create flowchart showing how to use proper flowcharting diagrams. All processes should use manual process symbols. I have attached both narratives.

Can you help me create flowchart showing how to use proper flowcharting diagrams. All processes should use manual process symbols.

I have attached both narratives.

I attached from my textbook how the professor wants the flowchart to look, with the entities at the top, and all the corresponding processes in their column with their entity.

image text in transcribed
Accounts Receivable Mary matches the sales order marked "shipped" to her copy of the sales order. She then prepares a two-part invoice and mails the original to the customer. She records the sales in the sales journal and the receivables in the subsidiary ledger. Mary les by date her copyr of the invoice with her copy of the sales order and the shipping documents. During the summer season, Mary's Sunshine often has difficulty in shipping customer orders in atimely manner. Supplier delays in delivery to Mary's Sunshine and increased volume cause delays in outgoing shipments. At the end of some months, Mary prepares and mails customer invoices ahead of actual shipment. She claims this practice more closely matches revenues and expenses. As usual, Mary records the sales in the sales journal and in the accounts receivable subsidiary ledger. Customers are allowed to take a 2% discount if they pay within 10 days of the billing date; otherwise, the net amount is due in 30 days. Once per month, Mary prepares a listing of delinquent customers that she sends to the salespeople. They are responsible for collecting the overdue amounts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

5th Canadian edition

1259269868, 978-1259269868

More Books

Students also viewed these Accounting questions

Question

What are the responsibilities of a profit center manager?

Answered: 1 week ago

Question

The quality of the proposed ideas

Answered: 1 week ago

Question

The number of new ideas that emerge

Answered: 1 week ago