Cash Receipts System
The mailroom clerk receives the checks and remittance advices
from the customer. He reconciles the checks with the
remittance advices and prepares two copies of a remittance
list. The checks and a remittance list are then sent to John,
in the AR department. John uses a PC to process the cash
receipts, update the cash receipts journal, and prepare a
journal voucher and three deposit slips. The journal
voucher is sent to Vic, the general ledger clerk. The checks
and two deposit slips are sent to the bank to be deposited
into Green Mountain Coffee’s account. The third deposit
slip and the remittance list are filed. The second remittance
list and the remittance advices are sent toMary, another AR
clerk, who, using the same PC, updates the AR subsidiary
ledger and prepares an account summary, which is sent to