I need help with the system understanding aid 9th edition, our instructor gave us a different transaction list from the one included but i can post it along with the check figures. i'm having trouble with what i should post in the ledgers and journals and also both monthend and year end procedures. do i have to post a seperate question for each one of those or can someone answer them all for me i just paid for this app and this is my first time using it
Document No . 1 dauin Transactions List December 16 - 31 , 2017 - all . 1 10^ Complete each of the following transactions in accordance with the seven- step process on pages 1 1 - 12 * he's to of the Instructions , Flowcharts , and Ledgers book ( step 5 ). Remember the importance of the systems ``` play flowcharts on pages 18 - 24 for details as to ( a ) documents to prepare , ( 6 ) approvals and other\\ internal control procedures , ( C ) accounting entries , and ( d ) filing . Also , remember from the requirements that ~ ~as an some of the following events require the preparation or modification of systems documents and some says it do not . You are to perform the roles of Ray Kramer , Nancy Ford , and Jim Adams . "Dey * Hints are provided in boxed areas like this ." December Yes 18 Received validated deposit receipt [ Doc. No. 1 1 ) from the bank for $7, 931. 96 for deposit made December 14 . `Follow flowchart on page 21 . No recording occurs at this time . Cash receipts prelist is Doc . No . 9 . \\File Doc . No . 9 and Doc . No . 1 1 in the Temporary file tab . Ordered the following inventory on account from Velocity Sporting Goods , using 8 1 Yes purchase order No. 328 ( Doc . NO . 16 ) . Units Description 120 Basketball pole pad 80 Basketball bag 30 Portable inflation pump 75 Trainer's first aid kit Vendor Address : 1285 Colgrove Ave . , Pierre , SD 57501 Freight carrier :" Interstate Motor Freight Freight charges : Collect ( i.e. , paid by Waren Sports Supply ) Allowances :" None Follow flowchart on page 22 . Use purchase order No . 325 ( Doc . No . 16 ) as a guide . Use the price list ( Doc . NO . 3 ) . No Receiving or recording occurs at this point for this transaction . Tear document apart and file , following the flow chart guidance.Document No . 1 dauin Transactions List December 16 - 31 , 2017 - all . 1 10^ Complete each of the following transactions in accordance with the seven- step process on pages 1 1 - 12 * he's to of the Instructions , Flowcharts , and Ledgers book ( step 5 ). Remember the importance of the systems ``` play flowcharts on pages 18 - 24 for details as to ( a ) documents to prepare , ( 6 ) approvals and other\\ internal control procedures , ( C ) accounting entries , and ( d ) filing . Also , remember from the requirements that ~ ~as an some of the following events require the preparation or modification of systems documents and some says it do not . You are to perform the roles of Ray Kramer , Nancy Ford , and Jim Adams . "Dey * Hints are provided in boxed areas like this ." December Yes 18 Received validated deposit receipt [ Doc. No. 1 1 ) from the bank for $7, 931. 96 for deposit made December 14 . `Follow flowchart on page 21 . No recording occurs at this time . Cash receipts prelist is Doc . No . 9 . \\File Doc . No . 9 and Doc . No . 1 1 in the Temporary file tab . Ordered the following inventory on account from Velocity Sporting Goods , using 8 1 Yes purchase order No. 328 ( Doc . NO . 16 ) . Units Description 120 Basketball pole pad 80 Basketball bag 30 Portable inflation pump 75 Trainer's first aid kit Vendor Address : 1285 Colgrove Ave . , Pierre , SD 57501 Freight carrier :" Interstate Motor Freight Freight charges : Collect ( i.e. , paid by Waren Sports Supply ) Allowances :" None Follow flowchart on page 22 . Use purchase order No . 325 ( Doc . No . 16 ) as a guide . Use the price list ( Doc . NO . 3 ) . No Receiving or recording occurs at this point for this transaction . Tear document apart and file , following the flow chart guidance.Document No . 1 dauin Transactions List December 16 - 31 , 2017 - all . 1 10^ Complete each of the following transactions in accordance with the seven- step process on pages 1 1 - 12 * he's to of the Instructions , Flowcharts , and Ledgers book ( step 5 ). Remember the importance of the systems ``` play flowcharts on pages 18 - 24 for details as to ( a ) documents to prepare , ( 6 ) approvals and other\\ internal control procedures , ( C ) accounting entries , and ( d ) filing . Also , remember from the requirements that ~ ~as an some of the following events require the preparation or modification of systems documents and some says it do not . You are to perform the roles of Ray Kramer , Nancy Ford , and Jim Adams . "Dey * Hints are provided in boxed areas like this ." December Yes 18 Received validated deposit receipt [ Doc. No. 1 1 ) from the bank for $7, 931. 96 for deposit made December 14 . `Follow flowchart on page 21 . No recording occurs at this time . Cash receipts prelist is Doc . No . 9 . \\File Doc . No . 9 and Doc . No . 1 1 in the Temporary file tab . Ordered the following inventory on account from Velocity Sporting Goods , using 8 1 Yes purchase order No. 328 ( Doc . NO . 16 ) . Units Description 120 Basketball pole pad 80 Basketball bag 30 Portable inflation pump 75 Trainer's first aid kit Vendor Address : 1285 Colgrove Ave . , Pierre , SD 57501 Freight carrier :" Interstate Motor Freight Freight charges : Collect ( i.e. , paid by Waren Sports Supply ) Allowances :" None Follow flowchart on page 22 . Use purchase order No . 325 ( Doc . No . 16 ) as a guide . Use the price list ( Doc . NO . 3 ) . No Receiving or recording occurs at this point for this transaction . Tear document apart and file , following the flow chart guidance.26 Received vendor invoice No . 34719 ( Doc. No. 18) from Velocity Sporting( Yes for goods ordered December 18 and received December 22 . \\Follow the flowchart steps on page 22 . Upon receiving the invoice , you can now record the purchase using the date on which Waren incurred the liability for the goods , December 22 Issued check ( Doc . No . 20 ) to Interstate Motor Freight for the amount of the freight Yes 26 bill ( Doc . No . 19 ) for the Velocity Sporting Goods shipment received December 22 . Follow the flow chart steps on page 23 Received check No . 65891 ( Doc . No . 8 ) for $7 , 855 and customer purchase Yes 26 order No. D9794 ( Doc . No . 4 ) in the mail from Andrews College for a cash sale* All goods ordered were shipped and the cash sale was processed and recorded . Carrier & number :" Interstate Motor Freight ; Carrier number 62 * * 404 Freight charges :" Collect ( i.e. , paid by Andrews College ) Route :" Direct Truck & driver Truck 64 , Brian Ward Freight rate :" $19.00 per 100 lbs . Shipment :" 5 cartons / basketballs @ 35 lbs . / carton 2 cartons / hip , tail , arm pad sets @, 7 lbs . / carton 4 cartons / footballs @, 19 lbs . / carton Start with the flow chart on page 21 Yes 26 Received office supplies from Chicago Office Supply as listed on purchase order NO. 327 ( Doc . No . 16 ) , a copy of which is being held in accounting . Chicago Office # 15 Supply's vendor invoice No . 2378 ( Doc . No . 18 ) was received with the goods . All supplies ordered were received in good condition and taken directly to the office , but the invoice was not paid . Yes 28 Issued check ( Doc . No . 20 ) to Velocity Sporting Goods for payment in full of their invoice No . 34719 for goods received December 22 . \\" Consider the credit terms before making the payment . Yes 29 Printed and reviewed payroll time record reports ( Doc . No . 21 ) for Ford and Adams for the time period ended December 3 1 and prepared the payroll for all three employees , including paychecks . Paychecks are considered " Mailed / Given to Outsiders . " Time record reports are filled in the " Accounting " file tab . Recall that federal income tax withholding amounts were listed earlier with employee pay rate increases .26 Received vendor invoice No . 34719 ( Doc. No. 18) from Velocity Sporting( Yes for goods ordered December 18 and received December 22 . \\Follow the flowchart steps on page 22 . Upon receiving the invoice , you can now record the purchase using the date on which Waren incurred the liability for the goods , December 22 Issued check ( Doc . No . 20 ) to Interstate Motor Freight for the amount of the freight Yes 26 bill ( Doc . No . 19 ) for the Velocity Sporting Goods shipment received December 22 . Follow the flow chart steps on page 23 Received check No . 65891 ( Doc . No . 8 ) for $7 , 855 and customer purchase Yes 26 order No. D9794 ( Doc . No . 4 ) in the mail from Andrews College for a cash sale* All goods ordered were shipped and the cash sale was processed and recorded . Carrier & number :" Interstate Motor Freight ; Carrier number 62 * * 404 Freight charges :" Collect ( i.e. , paid by Andrews College ) Route :" Direct Truck & driver Truck 64 , Brian Ward Freight rate :" $19.00 per 100 lbs . Shipment :" 5 cartons / basketballs @ 35 lbs . / carton 2 cartons / hip , tail , arm pad sets @, 7 lbs . / carton 4 cartons / footballs @, 19 lbs . / carton Start with the flow chart on page 21 Yes 26 Received office supplies from Chicago Office Supply as listed on purchase order NO. 327 ( Doc . No . 16 ) , a copy of which is being held in accounting . Chicago Office # 15 Supply's vendor invoice No . 2378 ( Doc . No . 18 ) was received with the goods . All supplies ordered were received in good condition and taken directly to the office , but the invoice was not paid . Yes 28 Issued check ( Doc . No . 20 ) to Velocity Sporting Goods for payment in full of their invoice No . 34719 for goods received December 22 . \\" Consider the credit terms before making the payment . Yes 29 Printed and reviewed payroll time record reports ( Doc . No . 21 ) for Ford and Adams for the time period ended December 3 1 and prepared the payroll for all three employees , including paychecks . Paychecks are considered " Mailed / Given to Outsiders . " Time record reports are filled in the " Accounting " file tab . Recall that federal income tax withholding amounts were listed earlier with employee pay rate increases .26 Received vendor invoice No . 34719 ( Doc. No. 18) from Velocity Sporting( Yes for goods ordered December 18 and received December 22 . \\Follow the flowchart steps on page 22 . Upon receiving the invoice , you can now record the purchase using the date on which Waren incurred the liability for the goods , December 22 Issued check ( Doc . No . 20 ) to Interstate Motor Freight for the amount of the freight Yes 26 bill ( Doc . No . 19 ) for the Velocity Sporting Goods shipment received December 22 . Follow the flow chart steps on page 23 Received check No . 65891 ( Doc . No . 8 ) for $7 , 855 and customer purchase Yes 26 order No. D9794 ( Doc . No . 4 ) in the mail from Andrews College for a cash sale* All goods ordered were shipped and the cash sale was processed and recorded . Carrier & number :" Interstate Motor Freight ; Carrier number 62 * * 404 Freight charges :" Collect ( i.e. , paid by Andrews College ) Route :" Direct Truck & driver Truck 64 , Brian Ward Freight rate :" $19.00 per 100 lbs . Shipment :" 5 cartons / basketballs @ 35 lbs . / carton 2 cartons / hip , tail , arm pad sets @, 7 lbs . / carton 4 cartons / footballs @, 19 lbs . / carton Start with the flow chart on page 21 Yes 26 Received office supplies from Chicago Office Supply as listed on purchase order NO. 327 ( Doc . No . 16 ) , a copy of which is being held in accounting . Chicago Office # 15 Supply's vendor invoice No . 2378 ( Doc . No . 18 ) was received with the goods . All supplies ordered were received in good condition and taken directly to the office , but the invoice was not paid . Yes 28 Issued check ( Doc . No . 20 ) to Velocity Sporting Goods for payment in full of their invoice No . 34719 for goods received December 22 . \\" Consider the credit terms before making the payment . Yes 29 Printed and reviewed payroll time record reports ( Doc . No . 21 ) for Ford and Adams for the time period ended December 3 1 and prepared the payroll for all three employees , including paychecks . Paychecks are considered " Mailed / Given to Outsiders . " Time record reports are filled in the " Accounting " file tab . Recall that federal income tax withholding amounts were listed earlier with employee pay rate increases .December Borrowed $60, 000 from First American Bank and Trust by issuing a two - year note Yes 18 payable ( Doc . No. 14 ) with a stated annual interest rate of 5% . Check No. 545\\ ( Doc . No . 8 ) for $60, 000 was received from the bank and deposited . Reviewed the terms and conditions of the note and signed it ( Ray Kramer ) as the borrower . Restrictively endorse means to write the following on the back of the check : " For deposit only . Waren Sports Supply . " See flowchart , page 21 , for recording and depositing . Detach the bottom portion of the check and file in the Shipping Banking file tab .* File the note in the Shipping / Banking file tab . Yes 19 Received customer purchase order No. 37 2 25 ( Doc . No. 4 ) in the mail from the University of Southern lowa ( USD ), approved their credit and shipped the goods . All good ordered were shipped , except only 50 shoulder pad sets were available for* shipment . Carrier & number : Allied Trucking : Carrier number 2154 Freight charges :" FOB shipping point : Billed to buyer ( i.e. paid by USD ) Route :" Express Truck & driver :" Truck 2961 * Z , John Arens Freight rate $19.00 per 100 lbs . Shipment : 3 cartons / goal and rim sets @, 40 lbs . / carton 5 cartons / backboards @, 150 lbs . / carton 7 cartons / shoulder pad sets @ 25 lbs . / carton 10 cartons / football helmets @, 16 lbs . / carton See flowchart , pages 18 and 19 ; follow all steps carefully . You will use several documents and record an entry in the sales journal and the accounts receivable subsidiary ledger for this transaction . For guidance in preparing the bill of lading , see pages 35 - 36 of the Reference book . Yes 20 Received sales return request No. R803 4 ( Doc . No . 12 ) in the mail from Eastern Wisconsin University ( EWU ). The request was approved and the acknowledgment copy mailed to EWU . . Follow the flowchart steps on page 20
