Problem

The context diagram in Figure 16.4 (pg. 622) shows the data flows running to the GL from...

The context diagram in Figure 16.4 (pg. 622) shows the data flows running to the GL from the feeder processes studied in Chapters 10 through 15.

a. For each data flow in Figure 16.4, show the journal entry (in debit/ credit journal entry format, with no dollar amounts) that would result (make and state any assumptions that you think are necessary).

b. Name at least two other entries that would normally come from the feeder processes that are not shown in Figure 16.4.

c. In journal form, show one representative entry (including an entry explanation) that the treasurer would furnish for (1) investing transaction activities and (2) financing transaction activities.

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Solutions For Problems in Chapter 16