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Nicoles Getaway Spa (NGS) continues to grow and develop. Nicole is now evaluating a computerized...

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Accounting

Nicoles Getaway Spa (NGS) continues to grow and develop. Nicole is now evaluating a computerized accounting system and needs your help in understanding how source documents inform accounting processes. She also needs some help reconciling NGSs bank account. Required: 1. For each source information shown below, prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

  1. Purchase order dated October 13 for massage chairs costing $805 and oil supplies costing $280
  2. Remittance advice from customer for $109, received October 17
  3. Receiving report indicating October 22 receipt of October 13 order. Also received supplier invoice totalling $1,085
  4. NGS cheque for payment in full of October 13 order

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