The accompanying flowchart on page 330 summarizes Jenz Corporations processing of sales. Some of the flowchart symbols
Question:
Some of the flowchart symbols are labeled to indicate controls and records. For each symbol numbered 1 through 13, select one response from either the list of operations and controls (A through O) or the list of documents, journals, ledgers, and files (P throughZ).
Transcribed Image Text:
Operations and Controls Documents, Journals, Ledgers, and Files A. Enter shipping data B. Verify agreement of sales order and shipping document C. Write-off of accounts receivable D. To warehouse and shipping department E. Authorize accounts receivable write-off F. Prepare aged trial balance G. To sales department H. Release goods for shipment L To accounts receivable department J. Enter price data K. Determine that customer exists L. Match customer purchase order with sales order M. Perform customer credit check N. Prepare sales journal O. Prepare sales invoice P. Shipping document Q. General ledger master file R. General journal S. Master price file T. Sales journal U. Sales invoice V. Cash receipts journal W. Uncollectible accounts file X. Shipping file Y. Aged trial balance Z. Open order file
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1 M Perform customer credit check x Customer credit file is being accessed making it likely that a c...View the full answer
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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