location of Chart of Accounts in the SUA packet of materials
Documents Folder

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location of Employee Earnings Subsidiary Ledger in the SUA packet of materials

SUA Instructions, Flowcharts and Ledgers

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location of Cash Receipts Journal in the SUA packet of materials SUA Journals

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location of General Ledger in the SUA packet of materials
SUA Instructions, Flowcharts and Ledgers

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The reason for not permitting a person who has temporary or permanent custody of an asset to account for that asset is to protect the company against
__________________________.
fraud.

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A client's accounting records are unfamiliar to a new

auditor. Where would the auditor go to learn the names and numbers of the accounts being debited and credited in the client's transactions?
Chart of Accounts

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Which of the following sequence of steps in the accounting cycle is correct?

Prepare documents, record in journals, post to ledgers, and prepare unadjusted trial balance

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What are the names of Waren's three employees?
Ray Kramer, Jim Adams, Nancy Ford

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The overall objective of the Systems Understanding Aid and this class is to

help aid in the understanding and visualization of the entire accounting process

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How much sales tax applies to wholesale sales according to
Illinois state law?
No sales tax

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On January 15, Waren Sports Supply purchased on account

$120,000 in from their vendor Velocity Sporting Goods. On
February 10 they paid the vendor in full for this purchase.
The correct journal entry is

Debit Accounts Payable $120,000
Credit Cash $120,000

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Which of the following statements are true?

Original entries are recorded in journals and journal account totals are posted to ledgers periodically.

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According to the flowchart on page 31 of the Reference