Please see attached the question 55, the question is related to course Accounting Information System?
CHAPTER 8 . REVENUE CYCLE PROCESSES 297 a packing Sales Clerk Warehouse Clerk Bookkeeper #1 Bookkeeper #2 Collection Clerk ing Receives ing order Customer part sales Order by Phone then filed Approved S.O. 1 es invoice Sales Order Sales Order From Prepares Invoice Customer Invoice 3 Check Mail es invoice Four-Cop Clerk ccountand Salles py of the Order Prepares her name Shipping Authorized Advice Customer's Credit Matches Invoice Posts Stamps for Deposit py of the Sellers Order and Approved Only accounts Sales Order Records Sales Ordfor Information Sales Order Shipping By Sass Order Approved Num Sales Order Sales Salles Order Custom Journal Jowchan Daily Copy Post preces Prepares of Sales to Journal Records Stamps Sales Three Cop Invoies d by the Order #2 ontrol With Dates Subsidiary Cash Receipts (IA) Shipped Invoice Foots and Accounts Journal Invoice Posts to Hessivable goods Sales Order Involes General Weekly Copy d in the of Cash Receipts ance of Dated Journal of such General Ledger Releases Deposits Lumber Customer Checks Weekly Carrier FIGURE 8,13 Flowchart for Problem 55 balance of $70,(09, The net additional annual cost of adopting prepares a remittance advice (showing customer and 1.200, Base calculation a 360 day year amount paid) if one is not received, The checks andwants receivable clerk then endorses sales them to the cashier . who prepares production . FIGURE 8 7 3 currency is received in the mail and a customer service lowchart for PI the counter at the factor accounts receivable ble clerk uses the vouchers of car companies the checks to post the balance of $7 deer cards . The one - write system he system w Is register as a carbon copy of the Required general ledger client summarizes Explain briefly the control function each of these depart . 2 What is I for posting in the general ledger ments performs when processing complaints and issuing credit elsewhe eccivable clerk also corresponds memos unauthorized deductions for dis - ( LA ) b . What is from the ing allowances returns , and so on 57 . Indicate the late credit memos Disputed items 5 5 . The flowchart in Figure 8 13 depicts the activities relating to ned over to the sales manager for the shipping , billing , and collecting processes used by Pitts an internal he accounts receivable clerk pre burgh Wood , Inc 2 . Are al he open accounts receivable and al with the general ledger control Required b . Are b Identify weaknesses in the system of internal accounting control ered d vable relating to the activities of the cashie a . warehouse clerk Is the low diagram of the previous b . bookkeeper C . bookkeeper 2 depar col weaknesses in the Misty a collection clerk . d . Does lated to customer billings and from nting for these transactions In ( CPA ) colle to identifying the weaknesses . 56 . The Happiness Corporation of Boston is considering using a as a result of each weakness . lock box system for its customers in California . At present , its e . Are ma . At pres credit sales to that area amount to about $21 600.000 . Estab rece ( CPA ) the shipping department pre - lishing a lock box in San Francisco would enable the company 58 . A new in three copies . The first copy to reduce its collection float from 8 t le compe San Francisco will expect the compa Us . The bank in receipts a . Ca nam mum
