Complete each of the following transactions in accordance with the seven-step process on pages 1112 of the Instructions and Flowcharts book (step 5). Remember the importance of the flowcharts on pages 1824 for details as to (a) documents to prepare, (b) approvals and other internal control procedures, (c) accounting entries, and (d) filing. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. Flowchart page references are included in the third column of the transactions list where appropriate.
Some of the following events require the preparation or modification of documents and some do not. Although documents accompany most business transactions, you are asked to prepare and work with only a representative sample in this project. Each event on the transactions list includes one of two symbols, which determine whether documents from the document set in this project must be prepared or used:
You are required to prepare or modify documents from the document set for this event. An accounting entry may or may not be required.
You are not required to prepare or modify documents from the document set because documents would not normally be prepared or modified for this type of event. An accounting entry is required, with one exception: annual change in employee pay rates.
Complete each of the following transactions in accordance with the seven-step process on pages 11-12 of the Instructions and Flowcharts book (step 5). Remember the importance of the flowcharts on pages 18-24 for details as to (a) documents to prepare, (b) approvals and other internal control procedures, (c) accounting entries, and (d) filing. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. Flowchart page references are included in the third column of the transactions list where appropriate. Some of the following events require the preparation or modification of documents and some do not. Although documents accompany most business transactions, you are asked to prepare and work with only a representative sample in this project. Each event on the transactions list includes one of two symbols, which determine whether documents from the document set in this project must be prepared or used: Yes No You are required to prepare or modify documents from the document set for this event. An accounting entry may or may not be required. You are not required to prepare or modify documents from the document set because documents would not normally be prepared or modified for this type of event. An accounting entry is required, with one exception: annual change in employee pay rates. \begin{tabular}{|c|c|c|l|} \hline Trans.# & Dec. & Document ? & \\ \cline { 3 - 3 } 1 & 16 th & Ylowchart & Description \\ \hline & & ReceivedcustomerpurchaseorderNo.53426(Doc.No.4)fromRosemontUniversity,approvedtheircreditandshippedthegoods.Allgoodsorderedwereshinnedexceptthatonly45shoulderpadsetswereavailableforshipment. \\ \hline \end{tabular} \begin{tabular}{|c|c|c|l|} \hline Trans. & & Document ? & \\ \cline { 3 - 3 }# & Dec. & Flowchart & Description \\ \hline 2 & 16 th & Yes & ReceivedanemailnotificationfromFirstAmericanBankandTrustforanACHpay-mentfromBranchCollege.ACHpaymentreceivedwas$1,622.88forpaymentinfullofchargesaleinvoiceNo.730. \\ \hline 3 & 16 th & Yes & OrderedthefollowinginventoryonaccountfromVelocitySportingGords...rinnpurchaseorderNo.328(Doc.No.16). \\ \hline \end{tabular} PRICE LISTS IICI n ITV condtikin sonnc. CHICAGO OFFICE SUPPLY: Page 1 Document No.3 Complete each of the following transactions in accordance with the seven-step process on pages 11-12 of the Instructions and Flowcharts book (step 5). Remember the importance of the flowcharts on pages 18-24 for details as to (a) documents to prepare, (b) approvals and other internal control procedures, (c) accounting entries, and (d) filing. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. Flowchart page references are included in the third column of the transactions list where appropriate. Some of the following events require the preparation or modification of documents and some do not. Although documents accompany most business transactions, you are asked to prepare and work with only a representative sample in this project. Each event on the transactions list includes one of two symbols, which determine whether documents from the document set in this project must be prepared or used: Yes No You are required to prepare or modify documents from the document set for this event. An accounting entry may or may not be required. You are not required to prepare or modify documents from the document set because documents would not normally be prepared or modified for this type of event. An accounting entry is required, with one exception: annual change in employee pay rates. \begin{tabular}{|c|c|c|l|} \hline Trans.# & Dec. & Document ? & \\ \cline { 3 - 3 } 1 & 16 th & Ylowchart & Description \\ \hline & & ReceivedcustomerpurchaseorderNo.53426(Doc.No.4)fromRosemontUniversity,approvedtheircreditandshippedthegoods.Allgoodsorderedwereshinnedexceptthatonly45shoulderpadsetswereavailableforshipment. \\ \hline \end{tabular} \begin{tabular}{|c|c|c|l|} \hline Trans. & & Document ? & \\ \cline { 3 - 3 }# & Dec. & Flowchart & Description \\ \hline 2 & 16 th & Yes & ReceivedanemailnotificationfromFirstAmericanBankandTrustforanACHpay-mentfromBranchCollege.ACHpaymentreceivedwas$1,622.88forpaymentinfullofchargesaleinvoiceNo.730. \\ \hline 3 & 16 th & Yes & OrderedthefollowinginventoryonaccountfromVelocitySportingGords...rinnpurchaseorderNo.328(Doc.No.16). \\ \hline \end{tabular} PRICE LISTS IICI n ITV condtikin sonnc. CHICAGO OFFICE SUPPLY: Page 1 Document No.3
