Figures show three data flows running to the general ledger (GL) for the purpose of updating the general ledger master data.
For each of the following three data flows, show the journal entry (in debit/credit journal entry format with no dollar amounts) that would result under all of the five situations below that would apply. Make and state any assumptions you think are necessary.

Data Flows:
A. GL inventory received update (show both debit and credit entries, even if they originate in a process other than AP/ CD)
B. GL payable update
C. GL cash disbursements update

Situations:
1. Merchandise is purchased, and a periodic inventory process is used.
2. Merchandise is purchased, and a perpetual inventory process is used.
3. Office supplies are purchased.
4. Plant assets are purchased.
5. Legal services arepurchased.

Transcribed Image Text:

management process purchase requisition Inventory master 1.0 Purchase requisition- supplies and services requirements Various Purchase depart- ments data PO PO notfication 2.0 goods and services master data master data PO order Vendor PO notification otification Purchase order master data process Receiving report Receive 3.0 packing slip goods and services Warg- house notice Vendor GL inventory received update General ledger process Inventory master data Purchase ts data accounts Purchasing process payable notification Vendor master data Purchase events data Recelving report Establish payable Inventory master data Vendor invoice GL payable update Accounts payable master data General edger procesS Vendor Vendor payment 2.0 Make payment GL cash disbursements update Cash disbursements events data