Audit Proceduros Long-tem Dobt John Brown is auditing American Manufacturers, Inc. long-term debt schedule as of October 31, Year 7. This is John's 3rd year auditing American Manufacturer's For each tickmark presented, double-click on the associated cell and determine which audit procedure most likely was performed by John. Selections may only be used once. Lender Interost Payment Terms Collateral Balance Current Year Current Year Balance Interest Paid Accruod Comments Rate 10/31/Year Borrowings Reductions 10/31/Year 7 Interest Payable 10/31/Year 7 on First 10% Interest only on last day of each quarter, principal due in full on 09/30/Year 9 $10,000 principal plus interest due on the 1st of each month; due in full on 01/01/Year 10 Manufacturing equipment 450,000x 0 450,000 . 09/30/Year 7 3,750 First National confirms that interest National Bank payments are current and agrees with account balance. Second State confirms that interest payments are current and agrees with account balance Second 9% 380,000 . First mortgage on production facilities Unsecured 0 (110,000) 270,000 m. 09/30Year 7 2,025N State Bank *A, Clark, 0% Due in full 10/31/YOar 9 100.000 . O (200.000|v 500.000 T 0 Borrowed additional $200,000 from Clark on 11/5/Mear 7: need to investigate reborrowing just after year-end and consider imputed interest on 0% stockholder loan . 1,080,000.450,000(310,000) 1.220,000 e, Tickmark Audit Procedure Audit Proceduros Long-tem Dobt John Brown is auditing American Manufacturers, Inc. long-term debt schedule as of October 31, Year 7. This is John's 3rd year auditing American Manufacturer's For each tickmark presented, double-click on the associated cell and determine which audit procedure most likely was performed by John. Selections may only be used once. Lender Interost Payment Terms Collateral Balance Current Year Current Year Balance Interest Paid Accruod Comments Rate 10/31/Year Borrowings Reductions 10/31/Year 7 Interest Payable 10/31/Year 7 on First 10% Interest only on last day of each quarter, principal due in full on 09/30/Year 9 $10,000 principal plus interest due on the 1st of each month; due in full on 01/01/Year 10 Manufacturing equipment 450,000x 0 450,000 . 09/30/Year 7 3,750 First National confirms that interest National Bank payments are current and agrees with account balance. Second State confirms that interest payments are current and agrees with account balance Second 9% 380,000 . First mortgage on production facilities Unsecured 0 (110,000) 270,000 m. 09/30Year 7 2,025N State Bank *A, Clark, 0% Due in full 10/31/YOar 9 100.000 . O (200.000|v 500.000 T 0 Borrowed additional $200,000 from Clark on 11/5/Mear 7: need to investigate reborrowing just after year-end and consider imputed interest on 0% stockholder loan . 1,080,000.450,000(310,000) 1.220,000 e, Tickmark Audit Procedure