Question: The context diagram in Figure shows the data flows running to the GL from the feeder processes studied in Chapters 10 through 15. a. For

The context diagram in Figure shows the data flows running to the GL from the feeder processes studied in Chapters 10 through 15.

a. For each data flow in Figure show the journal entry (in debit/credit journal entry format, with no dollar amounts) that would result (Make and state any assumptions that you think are necessary).

b. Name at least two other entries that would normally come from the feeder processes that are not shown in Figure.

c. In journal form, show one representative entry (including an entry explanation) that the treasurer would furnish for (1) investing transaction activities and (2) financing transaction activities.

The context diagram in Figure shows the data flows running

GL invoice update B/ARICR process GL estimated OE/S process IP processes bad debts update GL write-ott update GL standard costs applied update GL GL sales return update GL variances (RM, DL, and MOH) updates GL cash receipts update sales update GL cost of goods update Treasurer Purchasing process GL inventory received update GAAP-based financial statements GL payable GL cash update process disbursements General Ledger Business Reporting voucher update GL labor distribution update GL employer tax accrual update GL tax deposit update ayrollGL users Financing Investing transactions transactions update Budget and results ment Finalized budget Treasurer Adjusting entry journal vouchers Managerial

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a Assumptions A perpetual inventory process is used Sales discounts and purchase discounts are ignored The payroll sub process includes factory worker... View full answer

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