Question: Please Answer. Its an Accounting Information System question Problems SP 16-1 Design a chart of accounts for an international distribution company's income statement. Include flexibility
Please Answer. Its an Accounting Information System question

Problems SP 16-1 Design a chart of accounts for an international distribution company's income statement. Include flexibility to allow reports by country, divi- sion, and type of sale (wholesale and retail). You do not need to provide a complete chart, but include a minimum sales and cost of sales. Identify SP 16-2 each digit or segment of the account numbers. Many business events are recorded in the GL from feeder processes. The first list below identifies eight business events. The second list specifies five feeder processes. Match the events with the processes. Each process may have one or more event specified. Some events may not be used. Business Events A. Sales order is received from a customer. B. Inventory is sold to a customer. C. Inventory is received from a vendor. D. Inventory is returned from a customer. E. Cash is disbursed for inventory purchased. F. Bad debts are written off. G. Employer taxes are accrued H. Cash is received from a sale I. Employer taxes are deposited. Feeder Processes 1. B/AR/CR process 2. Purchasing process 3. OE/S process 4. AP/CD process 5. Payroll process problems
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