Sues Gallery sells original paintings by local artists. All sales occur in the store. Sometimes customers purchase

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Sue’s Gallery sells original paintings by local artists. All sales occur in the store. Sometimes customers purchase more than one painting. Individual customers must pay for purchases in full at the time of sale. Corporate customers, such as hotels, however, may pay in installments if they purchase more than 10 paintings. Although Sue’s Gallery has several bank accounts, all sales monies are deposited intact into the main checking account.
Draw an REA Diagram for the gallery’s revenue cycle. Be sure to include cardinalities.

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Accounting Information Systems

ISBN: 12

11th Edition

Authors: Marshall RomneyPaul Steinbart

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