the data flows shown in the general ledger/business reporting (GL/BR) system's context diagram as...
80.2K
Verified Solution
Link Copied!
Question
Accounting
the data flows shown in the general ledger/business reporting (GL/BR) system's context diagram as coming from various AIS feeder systems are as follows:
Feeder System Name of Data Flow
B/AR/CR 1. GL invoicing update
" 2. GL estimated bad debts update
" 3. GL write-off update
" 4. GL sales return update
" 5. GL cash receipts update
P/AP/CD 6. GL payable update
" 7. GL cash disbursements update
Inventory 8. GL inventory received update
" 9. GL inventory sale update
" 10. GL sales return update
Payroll 11. GL disbursement voucher update
" 12. GL labor distribution update (assume a factory payroll)
" 13. GL employer tax accrual update
" 14. GL tax deposit update
Required:
For each of the data flows 1 through 14, show the journal entry in debit/credit format (no dollar amounts) that would result. Cross-reference your entries to the data flows by showing the appropriate number from the above list. In any instance where only "half" of an entry is represented by a data flow, show the other half in the same entry and list both data flow numbers.
Example:
1. Dr Accounts receivable xxxx
Cr Sales xxxx
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
