system understanding aid 10th edition

Trans. # Dec. 2 16th STOR 3 16th 2:00 Document? Flowchart Description Received an email notification from First American Bank and Trust for an ACH Yes payment from Branch College. ACH payment received was $1,622.88 for payment in full of charge sale invoice No. 730. p. 21 Because Branch College paid within ten days of the original sale, be sure to record the applicable discount Yes Ordered the following inventory on account from Velocity Sporting Goods, using purchase order No. 328 (Doc No. 16). Units Item Description p22 115 BB-019 Basketball pole pad 125 BB-538 Basketball bag 75 BB-431 Whistle and lanyard - set of 6 50 88-399 Basketball net 100 FB-027 Shoulder pad set to cover back order and inventory restock) Vendor address: 1285 Colgrove Ave, Pierre, SD 57501 Freight carrier: Interstate Motor Freight Freight charges: FOB shipping point (ie, will be paid later by Waren) Allowances: 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 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 P 22 supplies ordered were received in good condition and taken directly to the office, but the invoice was not paid. . 4 19th | P: CD 5 19th Yes Sick R.21 Borrowed $90,000 from First American Bank and Trust by issuing a two-year note payable (Doc. No 14) with a stated annual interest rate of 5.5%. Received an email notification from the bank that the $90,000 proceeds were electronically deposited into Waren's checking account. Reviewed the terms and conditions of the note and signed it (Ray Kramer) as the borrower. Follow the ACH deposit procedures in the flowchart. File the note in the Shipping/Banking file tab. Received sales return request No. R8034 (Doc. No. 12) from Eastern Wisconsin University (EWU). The request was approved, and the acknowledgment copy mailed to EWU. 6 19th Yes S:CR 20 You can't record the sales return yet because the goods have not yet been received from Eastern Wisconsin University. 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. 7 20th Yes P: CD A 23 Purchase orders are not issued for services that Waren purchases. CASH RECEIPTS Receipt of Cash (Jim Adams) Deposit (Ray Kramer) Deposit Validation (Nancy Ford) ch etion of ACH Recor cash inchide custom Che Mercy do che Ademais hereby Ford Power Agro ACH each'schech Pama TeA Customer con Checa ACH Chech Baik Opel Enter on cash receipts ACH ho To bancach day checks we received HT Check Cash receipta prest ACH depot notification Pulmony for reconciliation process Cash receipts journal Only collections on Croc, get posted to subsidiary lodger Make entry in cash receipts journal and acred, sub ledger Accounts receivable subsidiary ledger Cash receipt prost File Description NT = Numerically, temporary NT 21 Document No. 3 Selling Price PRICE LISTS CURRENT AS OF DECEMBER 1, 2022 VELOCITY SPORTING GOODS Item No. Description Cost Baseball items: BA-054 Premium aluminum bat $ 139.00 BA-158 Baseballs - 12 game balls 42.00 BA-199 Fielding glove 46.00 BA-281 60 lb. dry line marker 65.00 BA-445 Catcher's mask 48.00 BA-507 Baseball equipment bag 27.00 BA-667 Ball bucket with seat-set of 3 23.00 BA-694 Batting gloves - 1 pair 24.00 BA-807 Pitching machine 164.00 BA-859 Set of bases 111.00 $198.00 60.00 72.00 99.00 67.00 41.00 35.00 38.00 260.00 179.00 Basketball items: BB-008 BB-019 BB-113 BB-267 BB-358 BB-399 BB-431 BB-538 BB-688 BB-926 Football items: FB-027 FB-091 FB-225 Basketball Basketball pole pad Scoreboard and timer Goal and rim set Backboard Basketball net Whistle and lanyard - set of 6 Basketball bag Portable inflation pump Trainer's first aid kit 25.00 94.00 258.00 95.00 83.00 10.00 25.00 26.00 69.00 30.00 35.00 135.00 400.00 138.00 127.00 15.00 35.00 39.00 102.00 43.00 Shoulder pad set Hip, tail, arm pad set Football helmet 89.00 39.00 55.00 21.00 132.00 58.00 89.00 29.00 Trans. # Dec. 2 16th STOR 3 16th 2:00 Document? Flowchart Description Received an email notification from First American Bank and Trust for an ACH Yes payment from Branch College. ACH payment received was $1,622.88 for payment in full of charge sale invoice No. 730. p. 21 Because Branch College paid within ten days of the original sale, be sure to record the applicable discount Yes Ordered the following inventory on account from Velocity Sporting Goods, using purchase order No. 328 (Doc No. 16). Units Item Description p22 115 BB-019 Basketball pole pad 125 BB-538 Basketball bag 75 BB-431 Whistle and lanyard - set of 6 50 88-399 Basketball net 100 FB-027 Shoulder pad set to cover back order and inventory restock) Vendor address: 1285 Colgrove Ave, Pierre, SD 57501 Freight carrier: Interstate Motor Freight Freight charges: FOB shipping point (ie, will be paid later by Waren) Allowances: 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 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 P 22 supplies ordered were received in good condition and taken directly to the office, but the invoice was not paid. . 4 19th | P: CD 5 19th Yes Sick R.21 Borrowed $90,000 from First American Bank and Trust by issuing a two-year note payable (Doc. No 14) with a stated annual interest rate of 5.5%. Received an email notification from the bank that the $90,000 proceeds were electronically deposited into Waren's checking account. Reviewed the terms and conditions of the note and signed it (Ray Kramer) as the borrower. Follow the ACH deposit procedures in the flowchart. File the note in the Shipping/Banking file tab. Received sales return request No. R8034 (Doc. No. 12) from Eastern Wisconsin University (EWU). The request was approved, and the acknowledgment copy mailed to EWU. 6 19th Yes S:CR 20 You can't record the sales return yet because the goods have not yet been received from Eastern Wisconsin University. 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. 7 20th Yes P: CD A 23 Purchase orders are not issued for services that Waren purchases. CASH RECEIPTS Receipt of Cash (Jim Adams) Deposit (Ray Kramer) Deposit Validation (Nancy Ford) ch etion of ACH Recor cash inchide custom Che Mercy do che Ademais hereby Ford Power Agro ACH each'schech Pama TeA Customer con Checa ACH Chech Baik Opel Enter on cash receipts ACH ho To bancach day checks we received HT Check Cash receipta prest ACH depot notification Pulmony for reconciliation process Cash receipts journal Only collections on Croc, get posted to subsidiary lodger Make entry in cash receipts journal and acred, sub ledger Accounts receivable subsidiary ledger Cash receipt prost File Description NT = Numerically, temporary NT 21 Document No. 3 Selling Price PRICE LISTS CURRENT AS OF DECEMBER 1, 2022 VELOCITY SPORTING GOODS Item No. Description Cost Baseball items: BA-054 Premium aluminum bat $ 139.00 BA-158 Baseballs - 12 game balls 42.00 BA-199 Fielding glove 46.00 BA-281 60 lb. dry line marker 65.00 BA-445 Catcher's mask 48.00 BA-507 Baseball equipment bag 27.00 BA-667 Ball bucket with seat-set of 3 23.00 BA-694 Batting gloves - 1 pair 24.00 BA-807 Pitching machine 164.00 BA-859 Set of bases 111.00 $198.00 60.00 72.00 99.00 67.00 41.00 35.00 38.00 260.00 179.00 Basketball items: BB-008 BB-019 BB-113 BB-267 BB-358 BB-399 BB-431 BB-538 BB-688 BB-926 Football items: FB-027 FB-091 FB-225 Basketball Basketball pole pad Scoreboard and timer Goal and rim set Backboard Basketball net Whistle and lanyard - set of 6 Basketball bag Portable inflation pump Trainer's first aid kit 25.00 94.00 258.00 95.00 83.00 10.00 25.00 26.00 69.00 30.00 35.00 135.00 400.00 138.00 127.00 15.00 35.00 39.00 102.00 43.00 Shoulder pad set Hip, tail, arm pad set Football helmet 89.00 39.00 55.00 21.00 132.00 58.00 89.00 29.00