Accounting Problem: Decision-Making and Reflection
This problem is a critical thinking and decision-making exercise that will allow you to practice and apply what you have learned from your unit lesson and required unit resources for this unit.
Review the Decision-Making Across the Organization (CT7.2) case, which speaks on Ermler & Trump. Review the scenario, and then respond to the questions below.
a) Identify the special journals that Ermler & Trump should have in its manual accounting system. List the column headings appropriate for each.
b) What control system and subsidiary accounts should be included in Ermler & Trump's manual accounting system? Why?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.