Review the Decision-Making Across the Organization (CT7.2) case on page 7-43 of the textbook, which speaks on Ermler & Trump. Review the scenario, and then respond to the questions below.
Identify the special journals that Ermler & Trump should have in its manual accounting system. List the column headings appropriate for each.
What control system and subsidiary accounts should be included in Ermler & Trump’s manual accounting system? Why?
Sample Solution