16-24 (Objective 16-3) The following misstatements are sometimes found in the sales and collection cycle's account balances:

• 1. The accounts receivable trial balance total does not equal the amount in the general ledger.
• 2. Several accounts receivable in the accounts receivable master file are not included in the aged trial balance.
• 3. One account receivable in the accounts receivable master file is included on the aged trial balance twice.
• 4. A shipment made in the subsequent period is recorded as a current period sale.
• 5. The allowance for uncollectible accounts is inadequate because of the client