17. Decreasing an Allowance for Doubtful Accounts is MOST likely due to which? DOU Accounts Receivable Decreasing with an increase in the aged (older) categories Accounts Receivable Increasing Accounts Receivable not changing in total however a larger balance in the aged categories Accounts Receivable Increasing in all age categories Accounts Receivable not changing in total however a lower balance in the aged categories 18. Today is your first day on the job at HJ Pennypacker. You first assigned duty is to perform a bank rec for the month of June 2019. What should be your first step? Ensuring that the GL balance for June equals the balance per the June bank statement Analysis of the bank statement Analysis of the GL Ensuring that the May adjusted book balance per the prior month bank rec agrees to the May end of the month GL balance None of the above What should be your first step in auditing Accounts Receivable? Sending confirmations to the larger customer balances Verifying that the Allowance for Doubtful Accounts is calculated properly Agreeing the GL balance to an A/R aging Performing subsequent cash receipt testing 20 Access to the FASB codification this semester was provided for free via a link to: The AICPA's website The American Association of Accountants The American Academy of Accountants The American Accounting Association None of the above