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Unformatted text preview: 278 CHAPTER 6 Answers Receivable Sales Order Processing and Inventory (mm: Audit Questions 6-A NAME Directions Write the answers to the following quest-ions in the space provided. @ A3! of thefoﬂowing questions relate to Fefmuary 8 through 14. Register Reports 1. What is the total amount of purchase orders for the period?
‘2. What is the total amount of vouchers for the period?
3. ‘WI'IaL is the total amount of sales for the period? Journal and Ledger Reports 4. What are the total debits and credits shown on the vouchers journal? 5. What are the total debits and credits shown on the cash payments journal? 6. What are the total debits and credits shown on the sales journal? 7. What are the total debits and credits shown on the cash receipts journal? 8. From the general ledger report, what was the Accounts Receivable account balance on
February 14? 9. What is the account balance of the following accounts as of F ebruary 14?
Sales Sales returns and allowances Sales discounts 10. From the trial baiance, what is the net amount of sales (sales minus sales returns and
allowances)? Does it equal the total amount of yearly sales shown on the inventory yearly sales
report? Accounts Remimtblr Safes Order Processing and lrtvrrtlmjv Control CHAPTER 6 279 11. From the schedule of accounts receivable, what is the total due from all customers as of
Februaiy 14? Does it equal the current balance in the Accounts Receivable account? 12. From the statement of account for Bassett Cleaning, Inc., what is the current account balance? Inventory Reports and Graph 13. How many items were sold during the period?
14. Which item has the greatest sales volume based on the dollar amount?
15. What is the total amount of yearly sales? 16. From the graph, what customer has the greatest amount of sales to date? ...
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- Spring '08