It is Accounting Information System question: Carrie's Gallery sells original paintings by local artists. All sales occur in the store. Sometimes customers purchase more than one painting. Individual customers must pay for purchases in full at the time of sale. Corporate customers, such as hotels, however, may pay in installments if they purchase more than 10 paintings. Although Carrie's Gallery has several bank accounts, all sales monies are deposited intact into the main checking account. Draw an REA Diagram for the gallery's revenue cycle. Be sure to include cardinalities. Carrie's Gallery only purchases finished paintings (it never commissions artists). It pays each artist 50% of the agreed price at the time of purchase, and the remainder after the painting is sold. All purchases are paid by check from Carrie's main checking account. Draw an REA Diagram, complete with cardinalities, of the gallery's revenue and expenditure cycles. Integrate the cycles and then develop the database. Please do : 1. The Integrated REA 2. The Database - Include the PKs, FKs, and necessary attributes

Subject: acounting

I need unique and correct answer. Don't try to copy from anywhere. Do not give answer in image formet and hand writing

all have cleared handled on the bank reconcilement? 22. A company sold $15,000 of inventory to a customer. The shipment arrived late and the customer complained. The company grants the customer a $450 allowance. Write the entry to record the company (the seller) post to record this transaction.

Could use some help with filling this out.

The data below is for Betts Corporation for the year. Accounts receivable-December 31 Customer accounts written off as uncollectible during the year Allowance for doubtful accounts--January 1 Estimated uncollectible accounts based on an aging analysis If the aging approach is used to estimate bad debts, determine the bad debt expense for the year. Select one: O O O A. $48,600 B. $48,000 C. $52,200 D. $59,400 $3,216.000 48,000 52,200 63.600

In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1.   Sandhill Co. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $27,000 and sales taxes $1,350. 2.   Carla Vista Co. does not segregate sales and sales taxes. Its register total for April 15 is $19,080, which includes a 6% sales tax.     Prepare the entry to record the sales transactions and related taxes for Sandhill Co.     Date Account Titles and Explanation Debit Credit Apr. 10 enter an account title to record the sales transactions and related taxes for Sandhill Co. on April 10enter an account title to record the sales transactions and related taxes for Sandhill Co. on April 10

Accompanying a bank statement for Marsh Land Properties is a credit memo for payment on a $15,000 one-year note receivable and $900 of interest collected by the bank. Marsh Land Properties had been notified by the bank at the time of collection, but had made no entries. Journalize the entry that should be made by Marsh Land to bring the accounting records up to date. If an amount box does not require an entry, leave it blank.

Austin Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2011, its Cash account shows an $15,671 debit balance. Austin Clinic's June 30 bank statement shows $15,382 on deposit in the bank. Prepare a bank reconciliation for Austin Clinic using the following information:. (Do not use a minus sign if your selection is to "Deduct" an item. Omit the "$" sign in your response): a. Outstanding checks as of June 30 total $2,700. b. The June 30 bank statement included a $65 debit memorandum for bank services. c. Check No. 919, listed with the canceled checks, was correctly drawn for $489 in payment of a utility bill on June 15. Austin Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $498. d. The June 30 cash receipts of $2,933 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank…

As the Loans Manager at First Union Bank, you are evaluating Woodlawn Racetrack for a potential loan. An examination of the Notes to the Financial Statements indicate restricted cash at year-end amounts to $100,000. Explain as comprehensively as possible how you would use this information in evaluating Woodlawn’s liquidity