Quick Jolt Electronics manufactures and sells specialized electronic components to customers across the country. The tables in Figure 14-19 illustrate some of the records in its accounting databases. Thus, for example, the Sales by Inventory Number records show detailed sales data for each of the companys inventory items, and the Customer Payments records indicate customer cash payments, listed by invoice number. Use the information in these tables to answer the following questions.

Item Number	Invoice Number	Quantity	Price Each
I-1	V-1	1	2,000
	V-3	1	2,000
	V-6	3	1,575
I-2	V-5	2	3,000
	V-6	10	3,500
I-3	V-3	6	1,000
I-4	V-1	2	600
	V-5	2	300
I-5	V-3	2	4,000
	V-7	3	3,000
I-6	V-2	2	5,000
	V-4	2	5,000
	V-5	2	5,000
	V-7	2	7,000

Invoice Number	Remittance Advice Number	Amount
V-1	R-3	7,200
V-2	R-1	1,666
V-2	R-5	1,666
V-3	R-4	16,000
V-4	R-2	10,000
V-5	R-4	16,600

Invoice Number	Amount	Customer Number	Date	Salesperson Number
V-1	7,200	C-1	July 1	S-12
V-2	10,000	C-2	July 12	S-10
V-3	16,000	C-5	July 22	S-10
V-4	10,000	C-2	July 26	S-10
V-5	16,600	C-5	July 31	S-10
V-6	35,000	C-3	August 1	S-10
V-7	23,000	C-4	August 2	S-11

Salesperson Number	Quarterly Sales	Commission Rate
S-10	?	0.10
S-11	?	0.10
S-12	?	0.12
S-78	0	0.08

Customer Number	Customer Name	AccountsReceivable Amount	Sales-person
C-1	Dunn, Inc.	?	S-12
C-2	J. P. Carpenter	?	S-10
C-3	Mabadera Corp.	?	S-10
C-4	Ghymn and Sons	?	S-99
C-5	D. Lund, Inc.	?	S-10

FIGURE 14-19 Sample of some of the records in the Quick Jolt accounting database.

Requirements

1. In the Sales by Invoice Number, what is the total amount of sales on invoice V-2? What was the name of the customer that made this purchase? What specific inventory items did this customer purchase? How much did this customer pay for each item?
2. Customers can choose among one of three payment options: (1) 5% discount if immediate cash payment, (2) 2% discount off list amount if total invoice paid by the 15th day of the month following purchase, or (3) deferred payment plan, using 6 monthly payments. Which option does J. P. Carpenter appear to be using for invoice V-2?
3. Using just the information provided, what are the quarterly sales amounts for salespeople S-10, S-11, and S-12?
4. Assume that customers C-1 through C-5 began this quarter with net accounts-receivable balances of zero. What are their balances now?