Assignment -
Transactions List - December 16-31, 2017
Complete each of the following transactions in accordance with the seven-step process of the Instructions, Flowcharts, and Ledgers book (step 5). Remember the importance of the systems flowcharts for details as to (a) documents to prepare, (b) approvals and other internal control procedures, (c) accounting entries, and (d) filing. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams.
Some of the following events require the preparation or modification of systems documents and some do not. Although systems documents accompany most business transactions, you are asked to prepare and work with only a representative sample in this project. Each event on the transactions list includes one of three symbols, which determine whether documents from the loose document set in this project must be prepared or used:
You are required to prepare or modify documents from the loose document set for this event. An accounting entry may or may not be required.
You are not required to prepare or modify documents from the loose document set because documents would not normally be prepared or modified for this type of event. An accounting entry is required, with one exception: the December 20 change in pay rates.
You are not required to prepare or modify documents from the loose document set, although this type of event would normally require you to do so. These events are included to provide additional practice in recording transactions. An accounting entry is required.
Attachment:- Transactions List.rar