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September 16, 2020

Discussion Topic 1: What Should Marc Say to Kelly?Thefollowi

Discussion Topic 1: What Should Marc Say to Kelly?Thefollowing discussion took place between Marc Bolli, the office manager,the office manager of Landmark Data Company, and a new accountant,Kelly Holt.Kelly: I have been thinking about our method of recording entries. It seems that it is inefficient.Marc: In what way?Kelly: Well— correct me if I am wrong — it seems like we have unnecessary steps inthe process. We could easily develop a trial balance by posting ourtransactions directly into the ledger and bypassing the journalaltogether. In this way, we could combine the recording and postingprocess into one step and save ourselves a lot of time. What do youthink?Marc: We need to have a talk.What should Marc say to Kelly?

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