Brony's Bike Module-5

Select the correct answer from the drop-down from the following: 1. Enter the amount of credit balances in customer accounts receivable. $ 2. What action do you recommend for the client to take with respect to credit balance accounts? 3. Which is more reliable, a positive accounts receivable confirmation or a negative accounts receivable confirmation? 4. The audit adjusting entry should include a to Bad Debts Expense in the amount of . 5. The fact that a customer paid a receivable balance that was due on the reporting date 3-4 weeks after the reporting date usually provides reasonable assurance that the receivable existed on the reporting date. 6. Referring to previously downloaded file "Brony's Bikes Module II exhibits 7 to 16" and open the worksheet labeled Exhibit BB.14, calculate the amount of sales recorded on December 30 and 31, 20X9. Calculate the approximate percentage of December 30 and 31 sales compared with all December sales. The percentage is approximately . 7. Referring to your answer to question 6, which assertion related to sales revenue is most likely to be of concern to the auditor?