AUDIT QUESTION 4-B

REGISTER REPORTS

1 What is the total amount of purchase orders for the period?

o 4,320

2. What is the total amount of purchase invoices for the period?

o 218.60

3. What is the total amount of sales for the period?

o 4,247.87

JOURNAL AND LEDGER REPORTS

4. What are the total debits and credits shown on the purchases journal?
o 218.60

5. What are the total debits and credits shown on the cash payments journal?
o 3,472.25

6. What are the total debits and credits shown on the sales journal?
o 8,066.57

7. What are the total debits and credits shown on the cash receipts journal?
o 2,333.72

8. From the general ledger report, what was the Accounts Receivable account balance
on February 14?
o 31,541.53

9. What is the account balance of the following accounts as of February 14?

Sales
o 39,299.70

Sales Returns and Allowances

o 508.70
Sales Discount
o 151.48

10. From the trial balance, what is the net amount of sales (Sales minus Sales Returns
& Allow.)? Does it equal the total amount of yearly sales shown on the inventory Yearly
Sales report?
o 38,791, YES

11. From the schedule of accounts receivable, what is the total due from all customers
as of February 14? Does it equal the current balance in the Accounts Receivable
account?
o 31,541.53, YES

12. From the statement of account for Wingler Motel, what is the current account
balance?
o 2,202.49

INVENTORY REPORTS AND GRAPH:

13. How many items were sold during the period?

o 57

14. Which item has the greatest sales volume based on the dollar amount?
o Alpha Upright Vacuum

15. What is the total amount of yearly sales?

o 38,791

16. From the graph, what customer has greatest amount of sales to date?
o Lily Industries, Inc.