Prepare a flowchart which demonstrates how accounting data flows for (1) a capital expenditure and (2) a merchandise sale. Analyze the impact on the financial statements of each. Provide the required references, if applicable.
Your work should be submitted in a Word document, typed in double-space, in 10- or 12-point Arial or Times New Roman font. It should be 1 page minimum. The page margins on the top, bottom, left side, and right side should be 1 inch each. You should use the APA guidelines for writing and citations.
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Submit the Word document to the appropriate dropbox. See the Course Calendar for due dates.
Evaluation criteria
Read the Weekly Assignment Rubric to understand expectations for this assignment. Keep the following points in mind:
The flowchart accurately demonstrates the data flows for capital expenditure and merchandise sale.
The impact on financial statements due to a capital expenditure and a merchandise sale is accurately identified and explained with pertinent examples.
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