Do 7-42 plz

materials and transferrifig (1) Upon receipt of raw materials by stores, the storekeeper prepares a stock-in report WI part number and quantities, files the original by date, and sends a copy to accounting. (2) The inventory accounting clerk uses the stock-in report to post the perpetual inventory records using standard costs and files the stock-in report by date. (3) Raw materials requisitions, which show part number and quantity, manufacturing clerk and approved by the supervisor of manufacturing. A copy of the req- uisition is sent to accounting, and the original is filed by job order. (4) The inventory accounting clerk reviews the requisitions for completeness, transfers the cost from raw materials to work in process, and files the requisitions by date. Prepare a flowchart that describes the client's system of recording ring them to work in process. prepared by the are raw materials and transfer- 7-42 Island Trading Co., a client of your CPA firm, has requested your advice on the following problem. It has three clerical employees who must perform the following functions: (1) Maintain general ledger. (2) Maintain accounts payable ledger. (3) Maintain accounts receivable ledger. (4) Maintain cash disbursements journal and prepare checks for signature. (5) Issue credit memos on sales returns and allowances. (6) Reconcile the bank account. (7) Handle and deposit cash receipts. Assuming that there is no problem requests your advice on ner as to achieve the highest degree of internal control. It may be assumed that these employ- ees will perform as to the ability of any of the employees, the company assigning the above functions to the three employees in such a man- no other accounting functions than the ones listed and that any accounting three