Case Name :      Energy Vending Inc.

Authors :           Elizabeth M.A. Grasby, Lindsay Brock

Source :             Ivey Publishing

Case ID :            909B07

Discipline :        Accounting

Case Length :    07 pages

Solution Sample availability : YES

Plagiarism : NO (100% Original work)

The owner of a vending operation located in Windsor, Ontario, must record all financial activities for the fiscal year to determine the company’s financial success. The business sold a healthy energy product through more than 300 vending machines located in gyms, malls and educational campuses across Canada. Students are required to record transactions associated with cash, accounts receivable (including write offs, recoveries and bad debts), retail inventory (purchases, returns, discounts, FOB terms, valuation and the lower-of-cost-or-market rule) and fixed assets (purchase, amortization, repairs, trade-ins and sales).