Presented Below Are a List of Source Documents and a List

question 90

Essay

Presented below are a list of source documents and a list of transactions. Using the identification letters before each source document, indicate next to each transaction which source document serves as evidence for the recording of the transaction.
Source Documents
A Purchase invoice
B Sales invoice
C Cash register tape
D Check
E Time card
F Monthly statement
G Promissory note
H Stock certificate
Transactions
_____ 1 Supplies are purchased on credit.
_____ 2 Cash sales are made to customers.
Land is acquired by signing an agreement to pay a stated amount plus interest in one year.
Utilities expense is recorded for the current month.
The weekly payroll is paid.
Merchandise is sold to a customer on account.
Payment is made for utility bills which were recorded earlier.
Investors purchase additional shares of the company's stock directly from the company.

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Definitions:

Overnight Ground Service

A shipping service that promises delivery of packages to their destination the next business day via ground transportation.

CRM Solutions

Software systems designed to manage a company’s interactions and relationships with current and potential customers by organizing, automating, and synchronizing sales, marketing, customer service, and technical support.

EDI

Electronic Data Interchange, a standard for exchanging business information and documents between companies electronically.

Customer Service

The assistance and advice provided by a company to those people who buy or use its products or services.