ACC 5310 (Problem Exercise 1 W1 A3)
Argosy University
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ACC 5310 Accounting Information Systems , Problem Exercise 1 W1 A3
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Running header: W1 A3 2 
CHAPTER 1 Accounting Information Systems: An Overview 
Problem 1.5 
The Howard Leasing Company is a privately held, medium-sized business that purchases 
school busses and leases them to school districts, churches, charitable organizations, and other 
businesses. To better serve its customers and, more important, to protect its investment in the 
busses, Howard operates a large maintenance facility to maintain and repair leased vehicles. 
Howard’s annual sales for last...
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