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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

Solutions

Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

Judy Baresford, the store manager of Comfort Futons, noticed that the amount of time the two bookkeepers were spending on accounts receivable, accounts payable, and cash receipts was increasing due to the store’s increase in sales. A friend of Judy’s who is also a store manager suggested that she might want to have some special journals designed that would reduce the amount of work involved in the day-to-day bookkeeping at her store. Judy approached Jon Fortner and Sue Stavio, the bookkeepers, and asked them to come up with a proposal for special journals. During lunch, Jon told Sue he thought designing special journals would be a lot of work and it was not in his job description. Sue told him not to worry because she would just copy pages of special journals from her accounting textbook and they could submit these journals as their own design. Jon liked the idea and they agreed to meet the next night, scan the journals into Word, and submit them to Judy the following morning.

  1. 1. Do you think Sue’s suggestion is unethical? Why or why not?
  2. 2. In using the generic special journals from Sue’s accounting textbook, what possible problems can you foresee?
  3. 3. If you were Judy, how would you respond to Sue and Jon’s “plan”?

1.

To determine

Explain whether S’s suggestion is unethical.

Explanation

Yes, Person S’s suggestion is absolutely unethical since she is taking the name and fame for the work not done by her and does not follow her supervisor’s instructions to “prepare” the special journals...

2.

To determine

Identify the possible problems that could be foreseen by S using the special journals.

3.

To determine

Describe how the store manager should answer for the plan of book-keepers.

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