Bubble 1.2 in Figure 13.4 depicts t

Bubble 1.2 in Figure 13.4 depicts the process of recording the payable in the purchase events data and recorded by:

• Creating a record in the purchase events data store. This record includes details on the general ledger accounts to be updated, including accounts payable, freight, and sales tax, unless these latter two items are to be added to the cost of the acquired asset. If the vendor invoice is for other than the purchase of inventory, these general ledger accounts could also include assets, such as fixed assets, and expenses.