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Posted on Jul 21, 2024

Date JE# Account Name Debit Credit Entered Approved 1/2/22 0 Cash 50,000 VR AC 1/2/22 0 Common Stock 50,000 VR AC 1/2/22 1 Travel Expense

Date JE# Account Name Debit Credit Entered Approved

1/2/22 0 Cash 50,000 VR AC

1/2/22 0 Common Stock 50,000 VR AC

1/2/22 1 Travel Expense 150 VR AC

1/2/22 1 Cash 150 VR AC

1/2/22 2 Building 30,000 VR AC

1/2/22 2 Cash 30,000 VR AC

1/4/22 3 Utilities Expense 1,500 MW AC

1/4/22 3 Cash 1,500 MW AC

1/5/22 4 Equipment 17,200 VR AC

1/5/22 4 Notes Payable 17,200 VR AC

1/6/18 5 Salaries Expense 1,300 VR AC

1/6/18 5 Cash 1,300 VR AC

1/5/22 6 Payroll Tax Expense 1,000 VR AC

1/5/22 6 Cash 1,000 VR AC

1/6/22 7 Accounts Receivable 10,000 VR AC

1/6/22 7 Sales Revenue 10,000 VR AC

1/6/22 8 Cash 11,000 VR AC

1/6/22 8 Notes Payable 11,000 VR AC

1/7/22 9 Repairs Expense 7,000 VR AC

1/7/22 9 Cash 7,000 VR AC

1/7/22 10 Accounts Receivable 20,000 VR DH

1/7/22 10 Sales Revenue 20,000 VR DH

1/10/22 11 Cash 10,000 VR DH

1/10/22 11 Accounts Receivable 10,000 VR DH

1/10/22 12 Repairs Expense 1,300 MW DH

1/10/22 12 Cash 1,300 MW DH

1/10/22 13 Rent Expense 7,000 MW DH

1/10/22 13 Cash 7,000 MW DH

1/10/22 14 Prepaid Insurance 1,000 VR DH

1/10/22 14 Cash 1,000 VR DH

1/10/22 15 Accounts Receivable 15,000 VR DH

1/10/22 15 Sales Revenue 15,000 VR DH

1/10/22 16 Notes Payable 2,000 MW DH

1/10/22 16 Cash 2,000 MW DH

1/11/22 17 Supplies 500 MW DH

1/11/22 17 Computer Supplies 500 MW DH

1/11/22 17 Cash 1,000 MW DH

1/12/22 18 Salaries Expense 5,200 MW DH

1/12/22 18 Cash 5,200 MW DH

1/12/22 19 Payroll Tax Expense 1,000 MW DH

1/12/22 19 Cash 1,000 MW DH

1/13/22 20 Travel Expense 2,025 VR DH

1/13/22 20 Cash 2,025 VR DH

1/13/22 21 Insurance Expense 1,200 VR DH

1/13/22 21 Cash 1,200 VR DH

1/14/22 22 Cash 23,000 VR DH

1/14/22 22 Sales Revenue 23,000 VR DH

1/14/22 23 Training Expense 500 VR DH

1/14/22 23 Cash 500 VR DH

1/14/22 24 Travel Expense 50 VR DH

1/14/22 24 Cash 50 VR DH

1/14/22 25 Misc. Expense 200 VR DH

1/14/22 25 Cash 200 VR DH

1/15/22 26 Travel Expense 2,025 MW DH

1/15/22 26 Cash 2,025 MW DH

1/15/22 27 Postage Expense 250 VR AC

1/15/22 27 Cash 250 VR AC

1/17/22 28 Cash 2,000 VR AC

1/17/22 28 Accounts Receivable 2,000 VR AC

1/19/22 29 Salaries Expense 5,200 MW AC

1/19/22 29 Cash 5,200 MW AC

1/19/22 30 Payroll Tax Expense 1,100 MW AC

1/19/22 30 Cash 1,100 MW AC

1/20/22 31 Accounts Receivable 1,200 MW AC

1/20/22 31 Sales Revenue 1,200 MW AC

1/20/22 32 Cash 2,400 MW AC

1/20/22 32 Sales Revenue 2,400 MW AC

1/20/22 33 Travel Expense 272 MW AC

1/20/22 33 Cash 272 MW AC

1/21/22 34 Training Expense 500 VR VR

1/21/22 34 Cash 500 VR VR

1/21/22 35 Misc. Expense 125 VR AC

1/21/22 35 Cash 125 VR AC

1/21/22 36 Travel Expense 350 VR AC

1/21/22 36 Cash 350 VR AC

1/21/22 37 Travel Expense 2,025 VR AC

1/21/22 37 Cash 2,025 VR AC

1/21/22 38 Travel Expense 250 VR AC

1/21/22 38 Cash 250 VR AC

1/22/22 39 Training Expense 400 MW AC

1/22/22 39 Cash 400 MW AC

1/22/22 40 Cash 2,200 MW AC

1/22/22 40 Sales Revenue 2,200 MW AC

1/22/22 41 Travel Expense 250 MW AC

1/22/22 41 Cash 250 MW AC

1/23/22 42 Cash 12,000 VR AC

1/23/22 42 Accounts Receivable 12,000 VR AC

1/23/22 43 Computer Supplies 200 MW AC

1/23/22 43 Cash 200 MW AC

1/23/22 44 Supplies Expense 255 MW AC

1/23/22 44 Supplies 255 MW AC

1/26/22 45 Salaries Expense 4,200 MW AC

1/26/22 45 Cash 4,200 MW AC

1/26/22 46 Payroll Tax Expense 1,100 MW AC

1/26/22 46 Cash 1,100 MW AC

1/27/22 47 Bad Debt Expense 5,000 AC AC

1/27/22 47 Allowance for Doubtful Accounts 5,000 AC AC

1/27/22 48 Depreciation Expense 1,100 VR AC

1/27/22 48 Accumulated Depreciation 1,100 VR AC

1/27/22 49 Training Expense 300 VR AC

1/27/22 49 Cash 300 VR AC

1/28/22 50 Insurance Expense 150 VR AC

1/28/22 50 Prepaid Insurance 150 VR AC

1/29/22 51 Cash 20,000 MW AC

1/29/22 51 Sales Revenue 20,000 MW AC

Perform a test of the separation of duties by comparing who entered and approved journal entries to see if all transactions maintained adequate separation of duties.

Interpret the result. Elaborate what the result means.

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Previous Question Next Question

Date	JE#	Account Name	Debit	Credit	Entered	Approved
1/2/22	0	Cash	50,000		VR	AC
1/2/22	0	Common Stock		50,000	VR	AC
1/2/22	1	Travel Expense	150		VR	AC
1/2/22	1	Cash		150	VR	AC
1/2/22	2	Building	30,000		VR	AC
1/2/22	2	Cash		30,000	VR	AC
1/4/22	3	Utilities Expense	1,500		MW	AC
1/4/22	3	Cash		1,500	MW	AC
1/5/22	4	Equipment	17,200		VR	AC
1/5/22	4	Notes Payable		17,200	VR	AC
1/6/18	5	Salaries Expense	1,300		VR	AC
1/6/18	5	Cash		1,300	VR	AC
1/5/22	6	Payroll Tax Expense	1,000		VR	AC
1/5/22	6	Cash		1,000	VR	AC
1/6/22	7	Accounts Receivable	10,000		VR	AC
1/6/22	7	Sales Revenue		10,000	VR	AC
1/6/22	8	Cash	11,000		VR	AC
1/6/22	8	Notes Payable		11,000	VR	AC
1/7/22	9	Repairs Expense	7,000		VR	AC
1/7/22	9	Cash		7,000	VR	AC
1/7/22	10	Accounts Receivable	20,000		VR	DH
1/7/22	10	Sales Revenue		20,000	VR	DH
1/10/22	11	Cash	10,000		VR	DH
1/10/22	11	Accounts Receivable		10,000	VR	DH
1/10/22	12	Repairs Expense	1,300		MW	DH
1/10/22	12	Cash		1,300	MW	DH
1/10/22	13	Rent Expense	7,000		MW	DH
1/10/22	13	Cash		7,000	MW	DH
1/10/22	14	Prepaid Insurance	1,000		VR	DH
1/10/22	14	Cash		1,000	VR	DH
1/10/22	15	Accounts Receivable	15,000		VR	DH
1/10/22	15	Sales Revenue		15,000	VR	DH
1/10/22	16	Notes Payable	2,000		MW	DH
1/10/22	16	Cash		2,000	MW	DH
1/11/22	17	Supplies	500		MW	DH
1/11/22	17	Computer Supplies	500		MW	DH
1/11/22	17	Cash		1,000	MW	DH
1/12/22	18	Salaries Expense	5,200		MW	DH
1/12/22	18	Cash		5,200	MW	DH
1/12/22	19	Payroll Tax Expense	1,000		MW	DH
1/12/22	19	Cash		1,000	MW	DH
1/13/22	20	Travel Expense	2,025		VR	DH
1/13/22	20	Cash		2,025	VR	DH
1/13/22	21	Insurance Expense	1,200		VR	DH
1/13/22	21	Cash		1,200	VR	DH
1/14/22	22	Cash	23,000		VR	DH
1/14/22	22	Sales Revenue		23,000	VR	DH
1/14/22	23	Training Expense	500		VR	DH
1/14/22	23	Cash		500	VR	DH
1/14/22	24	Travel Expense	50		VR	DH
1/14/22	24	Cash		50	VR	DH
1/14/22	25	Misc. Expense	200		VR	DH
1/14/22	25	Cash		200	VR	DH
1/15/22	26	Travel Expense	2,025		MW	DH
1/15/22	26	Cash		2,025	MW	DH
1/15/22	27	Postage Expense	250		VR	AC
1/15/22	27	Cash		250	VR	AC
1/17/22	28	Cash	2,000		VR	AC
1/17/22	28	Accounts Receivable		2,000	VR	AC
1/19/22	29	Salaries Expense	5,200		MW	AC
1/19/22	29	Cash		5,200	MW	AC
1/19/22	30	Payroll Tax Expense	1,100		MW	AC
1/19/22	30	Cash		1,100	MW	AC
1/20/22	31	Accounts Receivable	1,200		MW	AC
1/20/22	31	Sales Revenue		1,200	MW	AC
1/20/22	32	Cash	2,400		MW	AC
1/20/22	32	Sales Revenue		2,400	MW	AC
1/20/22	33	Travel Expense	272		MW	AC
1/20/22	33	Cash		272	MW	AC
1/21/22	34	Training Expense	500		VR	VR
1/21/22	34	Cash		500	VR	VR
1/21/22	35	Misc. Expense	125		VR	AC
1/21/22	35	Cash		125	VR	AC
1/21/22	36	Travel Expense	350		VR	AC
1/21/22	36	Cash		350	VR	AC
1/21/22	37	Travel Expense	2,025		VR	AC
1/21/22	37	Cash		2,025	VR	AC
1/21/22	38	Travel Expense	250		VR	AC
1/21/22	38	Cash		250	VR	AC
1/22/22	39	Training Expense	400		MW	AC
1/22/22	39	Cash		400	MW	AC
1/22/22	40	Cash	2,200		MW	AC
1/22/22	40	Sales Revenue		2,200	MW	AC
1/22/22	41	Travel Expense	250		MW	AC
1/22/22	41	Cash		250	MW	AC
1/23/22	42	Cash	12,000		VR	AC
1/23/22	42	Accounts Receivable		12,000	VR	AC
1/23/22	43	Computer Supplies	200		MW	AC
1/23/22	43	Cash		200	MW	AC
1/23/22	44	Supplies Expense	255		MW	AC
1/23/22	44	Supplies		255	MW	AC
1/26/22	45	Salaries Expense	4,200		MW	AC
1/26/22	45	Cash		4,200	MW	AC
1/26/22	46	Payroll Tax Expense	1,100		MW	AC
1/26/22	46	Cash		1,100	MW	AC
1/27/22	47	Bad Debt Expense	5,000		AC	AC
1/27/22	47	Allowance for Doubtful Accounts	5,000	AC	AC
1/27/22	48	Depreciation Expense	1,100		VR	AC
1/27/22	48	Accumulated Depreciation	1,100	VR	AC
1/27/22	49	Training Expense	300		VR	AC
1/27/22	49	Cash		300	VR	AC
1/28/22	50	Insurance Expense	150		VR	AC
1/28/22	50	Prepaid Insurance		150	VR	AC
1/29/22	51	Cash	20,000		MW	AC
1/29/22	51	Sales Revenue		20,000	MW	AC