Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Textbook Question
Chapter 4, Problem 5SP
Narrative 1: Freshplace Grocery
At Freshplace Grocery, customers give their purchases to a sales clerk along with cash. The sales clerk enters the sale in a cash register and puts the money in the register drawer. At the end of the day, the sales clerk gives the cash and the register tape to the cashier. The cashier reconciles the cash and the tape to make sure all of the cash is present.
Use the narrative(s) on pg. 136, as selected by your instructor, to prepare a systems flowchart of the process. If you completed any of the previous short problems, use that information to help you construct the diagram.
- a. Use Microsoft Visio, any other diagramming software, or another Microsoft office product such as Excel to create the diagram you drew in Short Problem 4-5.
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Identify the DFD in the following narrative:
Hemant buys a new scooter at a local shop and pays with his debit card. The sales clerk enters the transaction in the cash register. At the time of closing, the sales clerk gives the register tape and the debit card PIN tape to his manager.
The operating cycle of a merchandiser with credit sales includes the following five activities. With merchandise acquisition as
the starting point, arrange the events in the correct order.
a. Prepare merchandise for sale
b. Collect cash from customers on account
c. Make credit sales to customers
d. Purchase merchandise
e. Monitor and service accounts receivable
The operating cycle of a merchandiser with credit sales includes the following five activities. With merchandise acquisition as the
starting point, arrange the events in the correct order.
a. Sell merchandise on credit to customers.
b. Monitor receivables from customers.
c. Receive payment in cash from customers on account.
d. Acquire merchandise with cash.
e. Arrange merchandise for sale.
Chapter 4 Solutions
Accounting Information Systems
Ch. 4 - Prob. 1RQCh. 4 - Prob. 2RQCh. 4 - Describe each symbol used in constructing DFDs.Ch. 4 - Prob. 4RQCh. 4 - Prob. 5RQCh. 4 - Prob. 6RQCh. 4 - What is a logical DFD?Ch. 4 - Prob. 8RQCh. 4 - When is a set of DFDs balanced (i.e., leveled)?Ch. 4 - Prob. 10RQ
Ch. 4 - Prob. 11RQCh. 4 - Prob. 12RQCh. 4 - Prob. 13RQCh. 4 - Prob. 14RQCh. 4 - Prob. 15RQCh. 4 - Prob. 16RQCh. 4 - How will systems documentation differ between...Ch. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 1SPCh. 4 - Prob. 2SPCh. 4 - Narrative 1: Freshplace Grocery At Freshplace...Ch. 4 - Prob. 4SPCh. 4 - Narrative 1: Freshplace Grocery At Freshplace...Ch. 4 - Prob. 6SPCh. 4 - Prob. 1PCh. 4 - Prepare a narrative to describe the system...Ch. 4 - Prob. 3PCh. 4 - Narrative 1: Good Buy, Inc (good-buy.com) Good...Ch. 4 - Prob. 5PCh. 4 - Prob. 6PCh. 4 - Narrative 1: Good Buy, Inc (good-buy.com) Good...Ch. 4 - Prob. 8P
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- Narrative 1: Freshplace Grocery At Freshplace Grocery, customers give their purchases to a sales clerk along with cash. The sales clerk enters the sale in a cash register and puts the money in the register drawer. At the end of the day, the sales clerk gives the cash and the register tape to the cashier. The cashier reconciles the cash and the tape to make sure all of the cash is present. Use the narrative(s) on pg. 136, as selected by your instructor, to prepare a physical DFD. If you completed any of the previous short problems, use that information to help you construct the diagram. a. Use Microsoft Visio, any other diagramming software, or another Microsoft office product such as Excel to create the diagram you drew in Short Problem 4-3.arrow_forwardAn unhappy customer just returned $50 of the items he purchased yesterday when he charged the goods to the companys store credit card. Which special journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journalarrow_forwardSales transactions are recorded in the general journal by debiting Accounts Receivable and crediting Sales. The entry is posted to the Accounts Receivable and Sales accounts in the general ledger. The entries are also posted daily to the accounts receivable ledger. When a customer returns merchandise, or when his or her bill is reduced by an allowance for defective or damaged merchandise, the Sales Returns and Allowances account is debited and the Accounts Receivable account is credited. The entry is recorded in the general journal and posted to both the general ledger and the accounts receivable ledger. Where required, sales tax is collected from customers by the retailer and later paid to the appropriate tax authorities. When goods are sold, the sales tax is charged to the customer and recorded at the time of sale. The entry involves recording a debit to Accounts Receivable or Cash and credits to Sales and Sales Tax Payable. Record the following transactions for Brook's Floor and…arrow_forward
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- Accounts Payable and Cash Disbursement Lissa describes as follows of how she handles the cash payment to the SESB's vendors, specifically on the purchase of inventories. Upon receiving the purchase order copy, Lissa temporarily files the purchase order (by supplier name) in 'Incoming Vendor's Invoice' while waiting for the invoice to arrive from the vendor. When the vendor's invoice arrives, she takes out the respective purchase order copy that matches the vendor's invoice. The supplier invoice details are reconciled with the respective purchase order. Lissa gets into SESB's accounting system and records the vendor's invoice by keying-in the reseller's ID. A computer program then reads the vendor's master file and displays the vendor's details on screen. She then records the vendor's invoice details onto the system. A next computer program edits and checks the invoice details entered for possible data entry errors. Upon saving the transaction, the computer program records the…arrow_forwardAccounts Payable and Cash Disbursement Lissa describes as follows of how she handles the cash payment to the SESB’s vendors, specifically on the purchase of inventories. Upon receiving the purchase order copy, Lissa temporarily files the purchase order (by supplier name) in ‘Incoming Vendor’s Invoice’ while waiting for the invoice to arrive from the vendor. When the vendor’s invoice arrives, she takes out the respective purchase order copy that matches the vendor’s invoice. The supplier invoice details are reconciled with the respective purchase order. Lissa gets into SESB’s accounting system and records the vendor’s invoice by keying-in the reseller’s ID. A computer program then reads the vendor’s master file and displays the vendor’s details on screen. She then records the vendor’s invoice details onto the system. A next computer program edits and checks the invoice details entered for possible data entry errors. Upon saving the transaction, the computer program records the…arrow_forward12.1 Match the term in the left column with its definition in the right column. 1. CRM system a. Document used to authorize reducing the balance in a customer account 2. Open-invoice method b. Process of dividing customer account master file into subsets and preparing invoices for one subset at a time 3. Credit memo C. System that integrates EFT and EDI information 4. Credit limit d. System that contains customer-related data organized in a manner to facilitate customer service, sales, and retention 5. Cycle billing e. Electronic transfer of funds 6. FEDI f. Method of maintaining accounts receivable that generates one payment for all sales made the previous montharrow_forward
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