SUA #1 Recording Transactions ( 120 Points)

Required:

Appropriately document and record all transactions in theTransaction List A

Instructions:

It is the first part of "Requirement: Recording monthly transactions" (Instructions & Flowcharts p.10)

For each item in this part, note the following:

1. UseTransaction List A (The blue transaction sheet). {put the green one away}

2. UseOption 2 - Chronological approach

3. Understand the symbols:

4. Ignore! You will think about it when you go through each transaction.

5. Follow the seven-step process to record a transaction (This is what you need to do for this SUA 1). Note Step 4 and 5 are done in the excel workbook.

1. Read and analyze the transaction
2. Find the appropriate flowchart(s) on pages 18 through 24 of the Instruction & Flowcharts book. Study the procedures to follow. Flowcharts details

• What documents to be prepared and approved
• What accounting entries you need to record
• What internal control procedures

1. Locate and prepare the documents if any are necessary for this transaction. Fill it out completely. You should take the role of the three employees of Waren.
2. Record the transaction in journalsif necessary. Use general journals onlywhen no other journal is appropriate.
3. Post individual items to subsidiaryledgers if necessary. Then , place a check mark in the post reference columns to indicate that journal items have been posted
4. SKIP this step. For this assignment, you do not need to "File the document in appropriate file tab". But I suggest you keep your filled documents organized in a separate folder for later submission
5. Proceed to the next transaction and repeat the process.

TO BE SUBMITTED

After finishing the 7-steps, fill in the blanksof the Word file called "SUA Transaction Table" for each transaction (Posted on Canvas). Note that for some transactions, e.g. Transaction #1, I have filled out all the cells in the SUA Transaction Table. But you need to record the transactions in your workbook!

1. Submit the complete "Transaction Table" in Word file (to be graded) (84 Points)

If a transaction does not require a certain item, type "NA" for that cell. For example, if for a particular transaction, no journal entries need to be recorded, then put "NA" in the cell under Journals.

2. Submit the excel workbook (won't be graded for this part)

3. Submit pictures of documents for those that are required (To be graded)

You will need to manually fill out the following forms but not all the forms are required to be sutmitted-

Manually fill out the following forms (note not all forms below need to be submitted):

• Doc#5 - 6891BR
• Doc#6 - 732
• Doc#7
• Doc#9
• Doc#12
• Doc#13
• Doc#16-328
• Doc#17 - 74,75
• Doc#18 - 34719
• Doc#21
• Submit documents needed for the following transactions only (36 points)
• Transaction #3,
• Transaction #10 (Doc#5, no need to submit doc#6)
• Transaction #13 (3 docs)
• Transaction # 15 (Just submit doc#7, no need to submit Doc#5, 6892R).
• Please submit all forms in One single file. If you are not able to submit it in one file, clearly name each file using "A333-Sec1-JamesBond-Tran#1".

Required: For each file, Put the homework title, your section, and your name in the Title of the file and name the file the same way "HWTitle_01-JamesBond". Insert page numbers. Points will be deducted if not following the instructions and you will receive a 0 if not submitted in a WORD file.