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Kai Keoni has created custom statues made out of scrap metal for over ten years.He lives above his shop in Martha's Vinyard,Maryland.Kai is an accounting fanatic and has kept detailed records of every statue he has ever created.For every sale,he obtains the customer's name and address,a description of the statue,and a picture of the statue sold to the customer.His unique style has recently attracted the attention of several celebrities.Ready to take his business to the next level,Kai has hired you to construct an accounting information system,which he wants modeled after his paper records.You begin development of the relational database that will form the core of the AIS by envisioning the record stored in a single table with a column that represents each attribute.You then begin to break this table down into smaller tables.This process is called
Cash Balance
The amount of cash held by an entity at any given time, visible on financial statements.
Cash Receipts
The money received by a business during a given period, including revenues from sales, services, and other receipts.
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