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Most grocery stores use bar code scanning technologies that interface with cash registers used to process customer purchases. Cashiers use the scanners to read bar
Most grocery stores use bar code scanning technologies that interface with cash registers used to process customer purchases. Cashiers use the scanners to read bar code labels attached to each product, which the system then uses to obtain unit prices, calculate transaction totals, including sales taxes, and update perpetual inventory databases. Similarly, cashiers scan bar codes on coupons or member discount cards presented by the customer to process discounts. Along with the scanning technologies, groceries use point-of-sale technologies that allow customers to swipe debit and credit cards for payment, while still maintaining the ability for customers to pay with cash. Read the requirements. Requirement a. Which financial statement accounts are impacted by the use of these technologies in a typical grocery store? (Select all that apply.) A. Sales Tax Payable C. Accounts payable DE. Revenue G. Inventory Ol. Furniture and Fixtures OB. Salaries OD. Cash OF. Sales discounts OH. Cost of Goods Sold J. Sales returns
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