8.58 Search for Unrecorded Liabilities. The list of vouchers payable for Potters Magic Shoppe at December 31 is as follows:

Vendor Invoice Date Amount

Hagrid Cleaning Services 11/15 $ 4,322.43

Hermiones Hats 12/02 2,167.76

Lockhart Magic Books 12/31 6,489.11

Malfoy Financial Consultants 12/28 23,752.63

McGonagall Veterinary Supplies 12/23 4,590.60

Moaning Myrtles Mystical Capes 10/14 11,529.88

Nicholas Fancy Headwear 12/29 51,268.62

Snapes Snakes 12/28 36,152.45

Weasleys Wands 12/28 6,400.55

Hogwarts Rentals 12/15 53,000.00

Total vouchers payable $199,674.03 Checks written in the following January are:

Check Number Payee Description Invoice Date Amount

1842 Malfoy Financial Consultants Professional services 12/28 $23,752.63

1843 Hagrid Cleaning Services October monthly cleaning 11/15 4,322.43

1844 Hogwarts Rentals January rent 12/15 53,000.00

1845 Lockhart Magic Books Inventory 12/31 6,489.11

1846 Dudley Pastries Catering for office Christmas party 1/15 6,300.00

1847 Weasleys Wands Inventory 12/28 6,400.55

1848 Rowlin Enterprises Trademark 1/1 10,000.00

1849 McGonagall Veterinary Supplies Inventory 12/23 4,590.60

1850 Nicholas Fancy Headwear Inventory 12/29 51,268.62

1851 Weasleys Wands Inventory 12/31 6,400.55

1852 Hermiones Hats Inventory 12/02 2,167.76

1853 Lockhart Magic Books Inventory 12/31 5,932.89

1854 Hagrid Cleaning Service November monthly cleaning 12/15 4,322.43

1855 Malfoy Financial Consultants Professional services 1/28 13,888.56

Required Prepare an audit plan for the audit of unrecorded liabilities for Potters Magic Shoppe. Prepare an adjusting journal entry to correct accounts payable. Potters maintains perpetual inventory records, and the inventory was counted and adjusted on December 31.