Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Examine the following case from Turner, Weickgenannt, and Copeland (2017, p. 299): Following is a sales order form for Winter's World of Wines, Inc. This

Examine the following case from Turner, Weickgenannt, and Copeland (2017, p. 299):

Following is a sales order form for Winter's World of Wines, Inc. This form is prepared manually by a sales clerk, and is based on a telephone order from a customer. This form represents the source document that triggers the revenue process at Winter's World of Wines. (The sales order is also available for download at the end of the prompt.)

Sales Order

Winter's World of Wines, Inc. 802 Ashmore Ave. Weston, CA 95718

No. 35610

Bill to: La Cheaux Partners 412 Bridge Blvd. Bridgetown, AK 37616

Cust. # 42004

Ship to: La Cheaux Magnique 8212 Hampton Place Bridgetown, AK 37615

Date: 5/27/2013

Preferred Shipping Method: 2day USP Payment Terms: 30 days

Item Number

Description

Quantity

Unit Price

Extended Price

1046R

Merlot

12

6.99

$83.88

1047R

Zinfandel

12

7.99

95.88

1049R

Cabernet Sauvignon

24

7.49

179.76

2025W

Pinot Grigio

24

7.49

179.76

2027W

Riesling

12

6.49

77.88

$617.16

Authorized by: H.B Clayton

Date: 5/27/13

Required: Use Microsoft Excel to prepare a sales journal with appropriate column headings. Enter the relevant information from the preceding sales order into your spreadsheet. In addition to completing the spreadsheet, write a brief paper that explains the following:

What is the purpose of a sales order form and a sales journal?

What controls are needed in the sales process?

Sales Order Form for Winter's World of Wines, Inc.

Sales Order

Winter's World of Wines, Inc. 802 Ashmore Ave. Weston, CA 95718

No. 35610

Bill to: La Cheaux Partners 412 Bridge Blvd. Bridgetown, AK 37616

Cust. # 42004

Ship to: La Cheaux Magnique 8212 Hampton Place Bridgetown, AK 37615

Date: 5/27/2013

Preferred Shipping Method: 2day USP Payment Terms: 30 days

Item Number

Description

Quantity

Unit Price

Extended Price

1046R

Merlot

12

6.99

$83.88

1047R

Zinfandel

12

7.99

95.88

1049R

Cabernet Sauvignon

24

7.49

179.76

2025W

Pinot Grigio

24

7.49

179.76

2027W

Riesling

12

6.49

77.88

$617.16

Authorized by: H.B Clayton

Date: 5/27/13

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions