Question: Quick Jolt Electronics manufactures and sells specialized electronic components to customers across the country. The tables in Figure 7-19 illustrate some of the records in

Quick Jolt Electronics manufactures and sells specialized electronic components to customers across the country. The tables in Figure 7-19 illustrate some of the records in its accounting databases. Thus, for example, the €œSales by Inventory Number€ records show detailed sales data for each of the company€™s inventory items, and the €œCustomer Payments€ records indicate customer cash payments, listed by invoice number. Use the information in these tables to answer the following questions.

Quick Jolt Electronics manufactures and sells specialized electronic components to

Sales by Inventory Number Price Number Number Quantity Each Sales by Invoice Number Invoice Number Amount Number Date Item Invoice Customer Salesperson Number V-3 V-6 V-5 V-6 V-3 2,000 2,000 1,575 3,000 3,500 1,000 600 V-2 V-3 V-4 V-5 V-6 V-7 7,200 July 1 10,000 C-2 July 12 16,000 C-5 July 22 10,000 C2 July 26 16,600 C-5 July 31 35,000 23,000 S-12 S-10 S-10 S-10 S-10 S-10 1-3 C-3 August 1 August 2 2 V-5 V-3 V-7 V-2 V-4 1-5 4,000 3,000 5,000 5,000 5,000 7,000 1-6 Sales by Salesperson Salesperson Quarterly Commission Number Sales V-7 S-10 S-11 S-12 S-78 0.10 0.08 Customer Payments Customer Data Invoice Remittance Customer Number Customer Name Number Advice Numbe Amount Receivable Sales Amount person V-2 V-2 V-3 V-4 V-5 7,200 1,666 1,666 16,000 10,000 16,600 R-1 Dunn, Inc J. P. Carpenter Mabadera Corp Ghymn and Sons D. Lund, Inc. S-12 R-4 R-2 S-10 S-99 S-10 C-4 FIGURE 7-19 Sample of some of the records in the Quick Jolt accounting database

Step by Step Solution

3.35 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

This case helps to understand what types of information might be stored in accounting databases and ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

466-B-A-I-S (7118).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!