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b) As auditor of Moon Manufacturing Company, you have obtained the trial balance below from the books of Moon one month before year end: DR/(CR)
b) As auditor of Moon Manufacturing Company, you have obtained the trial balance below from the books of Moon one month before year end: DR/(CR) DR/(CR) $ $ Cash at bank 87,000 Mortgages payable (400,000) Trade accounts receivable 345,000 Equity (300,000) Inventory 317,000 Retained earnings (510,000) Land 191,000 Sales (3,130,000) Building 350,000 Cost of sales 2,300,000 Furniture and fixtures 325,000 General and administrative expenses 622,000 Trade accounts payable (235,000) Legal and professional fees 3,000 Interest expenses 35,000 There is no inventory on consignment. Required Identify TWO accounts that you should send a confirmation request for AND briefly describe from whom they should be confirmed AND the information that should be confirmed. (5 marks) Note - Set up your answer to as a table with one column labelled "Account Name ". another labelled "From Whom Confirmed" and another column "Information to be Confirmed
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