es Units Item # 22 22 115 BB-019 Ordered the following inventory on account from Velocity Sporting Goods, using purchase order No. 328 (Doc. No. 16). Description Basketball pole pad 125 BB-538 Basketball bag 75 BB-431 CD 50 BB-399 Whistle and lanyard - set of 6 Basketball net 100 FB-027 . . . Shoulder pad set (to cover back order and inventory restock) Vendor address: Freight carrier: Freight charges: Allowances: 1285 Colgrove Ave., Pierre, SD 57501 Interstate Motor Freight FOB shipping point (i.e., will be paid later by Waren) None Use purchase order No. 325 (Doc. No. 16) as a guide. Use the price list (Doc. No. 3). No receiving or recording occurs at this point for this transaction. Tear document apart and file, following the flowchart guidance. Yes nd C p.22 Received office supplies from Chicago Office Supply as listed on purchase order No. 327 (Doc. No. 16), a copy of which is being held in accounting. Chicago Office Supply's vendor invoice No. 2378 (Doc. No. 18) was received with the goods. All supplies ordered were received in good condition and taken directly to the office, but the invoice was not paid. Yes Received vendor invoice No. 105963 (Doc. No. 18) from First Security Insurance for the fourth quarter's health insurance coverage for employees and immediately issued a check (Doc. No. 20) for payment in full. .23 . Purchase orders are not issued for services that Waren purchases. Yes p.22 nd CD Received merchandise from Velocity Sporting Goods as listed on purchase order No. 328. All merchandise listed on the purchase order was delivered in good condition and in the quantities ordered, except that only 85 basketball pole pads (Item No. BB-019) were received. The goods were placed immediately in the inventory warehouse. You can't record a purchase yet because the invoice hasn't been received. Yes p.22 Received vendor invoice No. 34719 (Doc. No. 18) from Velocity Sporting Goods for goods ordered December 16th and received December 20th. . Upon receiving the invoice, you can now record the purchase using the date on which Waren incurred the liability for the goods, December 20th. S 23 23 Received vendor invoice No. 72654 (Doc. No. 18) from University Athletic News for advertisements Waren ran during the Christmas season and immediately issued a check (Doc. No. 20) for payment in full. 23 CD Received freight bill 26245 (Document No. 19) from Interstate Motor Freight for the Velocity Sporting Goods shipment received December 20th. Issued check (Doc. No. 20) to Interstate Motor Freight for the full amount of the freight bill. es .23 CD Issued an electronic payment to Velocity Sporting Goods using ACH Payment Authorization No. E-53431 (Doc. No. 21) for payment in full of their invoice No. 34719 (Doc. No. 18) for goods received December 20th. . Consider the credit terms before determining the amount of the electronic payment. Yes p.22 and CD Received the standing workstations ordered on Waren's purchase order No. 325 (Doc. No. 16) and vendor invoice No. 2423 (Doc. No. 18) from Chicago Office Supply. The workstations were received in new and undamaged condition and taken directly to the office. The estimated useful life is 5 years with no salvage value.