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It is Accounting Information System question: Carrie's Gallery sells original paintings by local artists. All sales occur in the store. Sometimes customers purchase more than one painting. Individual customers must pay for purchases in full at the time of sale. Corporate customers, such as hotels, however, may pay in installments if they purchase more than 10 paintings. Although Carrie's Gallery has several bank accounts, all sales monies are deposited intact into the main checking account. Draw an REA Diagram for the gallery's revenue cycle. Be sure to include cardinalities. Carrie's Gallery only purchases finished paintings (it never commissions artists). It pays each artist 50% of the agreed price at the time of purchase, and the remainder after the painting is sold. All purchases are paid by check from Carrie's main checking account. Draw an REA Diagram, complete with cardinalities, of the gallery's revenue and expenditure cycles. Integrate the cycles and then develop the database. Please do : 1. The Integrated REA 2. The Database - Include the PKs, FKs, and necessary attributes

It is Accounting Information System question: Carrie's Gallery sells original paintings by local artists. All sales occur in the store. Sometimes customers purchase more than one painting. Individual customers must pay for purchases in full at the time of sale. Corporate customers, such as hotels, however, may pay in installments if they purchase more than 10 paintings. Although Carrie's Gallery has several bank accounts, all sales monies are deposited intact into the main checking account. Draw an REA Diagram for the gallery's revenue cycle. Be sure to include cardinalities. Carrie's Gallery only purchases finished paintings (it never commissions artists). It pays each artist 50% of the agreed price at the time of purchase, and the remainder after the painting is sold. All purchases are paid by check from Carrie's main checking account. Draw an REA Diagram, complete with cardinalities, of the gallery's revenue and expenditure cycles. Integrate the cycles and then develop the database. Please do : 1. The Integrated REA 2. The Database - Include the PKs, FKs, and necessary attributes

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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It is Accounting Information System question: Carrie's Gallery sells original paintings by local artists. All sales occur in the store. Sometimes customers purchase more than one painting. Individual customers must pay for purchases in full at the time of sale. Corporate customers, such as hotels, however, may pay in installments if they purchase more than 10 paintings. Although Carrie's Gallery has several bank accounts, all sales monies are deposited intact into the main checking account. Draw an REA Diagram for the gallery's revenue cycle. Be sure to include cardinalities. Carrie's Gallery only purchases finished paintings (it never commissions artists). It pays each artist 50% of the agreed price at the time of purchase, and the remainder after the painting is sold. All purchases are paid by check from Carrie's main checking account. Draw an REA Diagram, complete with cardinalities, of the gallery's revenue and expenditure cycles. Integrate the cycles and then develop the database. Please do : 1. The Integrated REA 2. The Database - Include the PKs, FKs, and necessary attributes
Transcribed Image Text:It is Accounting Information System question: Carrie's Gallery sells original paintings by local artists. All sales occur in the store. Sometimes customers purchase more than one painting. Individual customers must pay for purchases in full at the time of sale. Corporate customers, such as hotels, however, may pay in installments if they purchase more than 10 paintings. Although Carrie's Gallery has several bank accounts, all sales monies are deposited intact into the main checking account. Draw an REA Diagram for the gallery's revenue cycle. Be sure to include cardinalities. Carrie's Gallery only purchases finished paintings (it never commissions artists). It pays each artist 50% of the agreed price at the time of purchase, and the remainder after the painting is sold. All purchases are paid by check from Carrie's main checking account. Draw an REA Diagram, complete with cardinalities, of the gallery's revenue and expenditure cycles. Integrate the cycles and then develop the database. Please do : 1. The Integrated REA 2. The Database - Include the PKs, FKs, and necessary attributes
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