Textbook Solutions - Assingment 2 ACCT 531.docx - Running head Assignment 2 1 Assignment 2 Sheena Floyd Liberty University ACCT 531 ASSIGNMENT 2 2

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Running head: Assignment 2 Assignment 2 Sheena Floyd Liberty University ACCT 531 1
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ASSIGNMENT 2 Sunnyvale Electrical. sells electrical parts to electrical contractors in the southeastern United States. Sunnyvale Electrical customers mail their payments—attached to the stub (i.e., remittance advice [RA]) from their monthly statement—to Sunnyvale Electrical accounts receivable (AR) office. An AR clerk confirms that the check amount agrees with the amount on the RA and sends the checks to the cashier. The AR clerk prepares batch totals of the customer numbers, invoice numbers, and amount paid. The AR clerk then enters the batch totals and RAs into the computer, where the AR master data are updated to record the payment. The computer reconciles the batch totals, confirms job completion, and reports discrepancies, if any, to the AR clerk. Please refer to chapter 11 and 4 for help in the diagrams and tables. Please use word or excel for the diagrams.
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  • Fall '09
  • invoice, batch totals

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