Scenario 2 The Jayhawk Company collects customer payments in the form of cash at the point of sale or account payments (i.e. checks) received in the mail. At the end of each day, the treasurer endorses all of the checks and prepares a deposit slip for the checks and the cash. The treasurer transfers the cash, checks and deposit slip to the cashier, and the cashier then takes the cash, checks, and deposit slip to the bank. When checks arrive in the mail, a remittance slip is included with the payment from the customer. The remittance slips are first received by the treasurer (with the checks), but the remittance slips are immediately sent to the accounts receivable department. The data from each remittance slip is entered into the system by an accounts receivable clerk in order to update the accounts receivable master file. The paper remittance slips are filed by date by the clerk. Every week, a cash receipts report and an aged trial balance report are generated by the system from the data in the accounts receivable master file. The cash receipts report is sent electronically by the system to the CFO of the company. The aged trial balance report is sent electronically by the system to the manager of the credit and collections department.