a. How should Regal code its chart of accounts to facilitate financial reporting? Create account numbers for cash, capital stock and advertising expense for the following Regal theatres: Regal O’Fallon Stadium 14 (O’Fallon, Missouri), Regal Windward Stadium 10 (Kaneohe, Hawaii) and Regal Gold stream Stadium 16 (Fairbanks, Alaska).

b. Suggest three source documents Regal would use to complete the steps in the accounting cycle.

c. What journal entries would Regal make to record the transactions indicated above? 

d. What roles would human judgment and information technology play in Regal’s transaction processing activities?