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Many business events are recorded in the GL from feeder processes. The first list below identifies eight business events. The second list specifies five feeder processes. Match the events with the processes. Each process may have one or more event specified. Some events may not be used. Business Events A. Sales order is received from a customer. B. Inventory is sold to a customer. C. Inventory is received from a vendor. D. Inventory is returned from a customer. E. Cash is disbursed for inventory purchased. F. Bad debts are written off. G. Employer taxes are accrued. H. Cash is received from a sale. I. Employer taxes are deposited. Feeder Processes ___ 1. B/AR/CR process ___ 2. Purchasing process ___ 3. OE/S process ___ 4. AP/CD process ___ 5. Payroll process

BuyFind

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
Publisher: Cengage Learning
ISBN: 9781337552127
BuyFind

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
Publisher: Cengage Learning
ISBN: 9781337552127

Solutions

Chapter
Section
Chapter 16, Problem 2SP
Textbook Problem

Many business events are recorded in the GL from feeder processes. The first list below identifies eight business events. The second list specifies five feeder processes. Match the events with the processes. Each process may have one or more event specified. Some events may not be used.

Business Events

  1. A. Sales order is received from a customer.
  2. B. Inventory is sold to a customer.
  3. C. Inventory is received from a vendor.
  4. D. Inventory is returned from a customer.
  5. E. Cash is disbursed for inventory purchased.
  6. F. Bad debts are written off.
  7. G. Employer taxes are accrued.
  8. H. Cash is received from a sale.
  9. I. Employer taxes are deposited.

Feeder Processes

___ 1. B/AR/CR process

___ 2. Purchasing process

___ 3. OE/S process

___ 4. AP/CD process

___ 5. Payroll process

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Accounting Information Systems
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