Below are five audits procedures, all which are tests of transactions associated with the audit acquisition and payment cycle. Also below are the six general transactions-related audit objectives (a-f) and five management assertions (v-z). For each procedure, indicate (1) its audit objective, and (2) the management assertion being tested. 1. Foot the purchases journal and compare the totals with the related general ledger accounts. (1) posting and summarization (2) accuracy 2. Observe whether the client's accountant reconciles the bank account monthly. (1) (2) 3. Inquire whether accounts payable subsidiary ledger is reconciled regularly by the client with the general ledger. (1) (2) Valuation or allocation 4. Trace from a sample of canceled checks to the cash disbursements journal. (1) Completeness (2) Completeness 5. Compare amounts recorded in the cash disbursements journal with amounts on canceled checks and vendors' invoices. (1) (2) Below are five audits procedures, all which are tests of transactions associated with the audit acquisition and payment cycle. Also below are the six general transactions-related audit objectives (a-f) and five management assertions (v-z). For each procedure, indicate (1) its audit objective, and (2) the management assertion being tested. 1. Foot the purchases journal and compare the totals with the related general ledger accounts. (1) posting and summarization (2) accuracy 2. Observe whether the client's accountant reconciles the bank account monthly. (1) (2) 3. Inquire whether accounts payable subsidiary ledger is reconciled regularly by the client with the general ledger. (1) (2) Valuation or allocation 4. Trace from a sample of canceled checks to the cash disbursements journal. (1) Completeness (2) Completeness 5. Compare amounts recorded in the cash disbursements journal with amounts on canceled checks and vendors' invoices. (1) (2)