Part Four Questions
1. Which business process is most closely associated with each transaction?
2. What is the appropriate journal entry (if any) to record the transaction in Big Marker’s AIS?
3. Which elements of financial statements are represented in the journal entry?
4. What forms / documents would be used to process each transaction?
5. For each transaction, suggest at least two additional pieces of information you would want to capture in a relational database.
6. For each transaction, suggest two internal controls you would implement. Justify your response.