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Question - Draw a System flowchart to account for EVERY ACTIVITY described in the scenario below: A customer sends a customer order document to a company. A clerk in the sales department enters the data from the customer order document into the computer system using a keyboard. After keying in the data, the customer order document is filed in the sales department by customer number. A computer program processes the entered data by checking customer's credit by referring the customer file (online storage) and by checking inventory availability by referring the inventory file (online storage). This process also produces a transaction file (online storage). The transaction file is then processed by a computer program that records the transaction data to a sales order file (online storage) and produces three paper copies of a sales order. Copy 1 is sent to the warehouse; copy 2 is sent to the shipping department; copy 3 is sent to the billing department.
He wrote cheque #489bforn$361.20 to reimburse himself for this expense. The telephone bill was $344 plus $17.20 GST. What is the journal entry
Discuss any additional disclosures in the financial statements and footnotes that the auditor should recommend to his client
You are a Hometown accountant. The Capital Project Fund has just been created to account for resources received and expended for the construction of a new Health Center.
If a company had a beginning balance of $69,000 on its statement of changes in owner's equity, How much net income was recorded
Determine the total amount of overhead assigned to each production department based on the three department costing methods.
Maples has a capital balance of $65,000 after adjusting assets to fair market value. Baker contributes $25,000 to receive a 30% interest in a new partnership with Maples.
carl and carol have salaries of 14000 and 22000 respectively. their itemized deductions total 6000. they are married
Silver Corporation issued a five-year, P1,000 non-callable bond which pays P40 semi-annually on June 30, 2015. What is the value of the bond upon issuance
Prepare journal entry to establish the fund on January 1, reimburse it on January 8, and reimburse the fund and increase it to $270 on January 8, assuming no entry in part 2. (Hint: Make two separate entries for part 3.)
Priyanka wishes to minimize her income tax. What is Priyanka's taxable income
During the current year, Paxon Corporation's intangible assets account (at cost) increased $15,000, which was the net result of purchasing new intangible.
PDC's sales are projected to be $80,000 in September 2014. Prepare the PDC Company's projected income statement for August
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