Could you help me answer these please?

PURPOSE: The purpose of this workpaper is to document presentation and cutoff testing of accounts receivable. PROCEDURES: The accounts receivable detail provided by the client was examined for credit balances, non-trade receivables, and long-tenn receivables. The only items found (2 credit balances totaling $193,726) are documented and tested below in accordance with audit program step #3. No assigned, pledged, or factored receivables were found. There were no related palties balances and no balances with group companies. The total population of credit memos issued during the 15 day period before year end was $502,515 (see AR-104A). The total population of credit memos issued during the 15 day period after year end was $506,298 (see AR-104A). 3 selections were chosen randomly from each of the populations for testing. Amounts were traced and agreed to supporting documents in accordance 1Mth audit program step #4. CONCLUSION: Based on work performed during interim testing and at this workpaper, accounts receivable credit balances appear to be fairly stated and recorded in the conect period. Credit Balance Testin 1 2 Cutoff Testin Customer Gel Soap Powder Gum arl Cuto Customer Penns Oil 1 2 3 The Bath & Body Sho Cutoff Testin Alligator Aid ate Cuto Customer 1 2 3 Mars Liquid Detergents Silver Springs Drinks R Us S Amount 75,879.00 117,847.00 S Amount 96,541.67 325,845.12 75,987.34 S Amount 5,879.00 114,741.03 369,765.44 ickmar Memo # Date 3041 12/17/20>0 12/26/20>0 3044 3045 12/30/20>0 Memo # Date 3046 1/2/20X4 3047 1/3/20x4 3051 k k Based on the review of supporting documentation and discussion uith management, credit amounts are due to customer overpayments. Traced and agreed the amount to supporting documentation. The customer was infonned of the overpayment and will apply the credit to future purchases of the customer. The amount was reclassified as a liability. Please see "Other Liabilities" testing for further information. The amount was vouched and agreed to shipping/receiving documents and associated credit memo. The amount appears correctly classified as a credit for 20X3. The amount was vouched and agreed to shipping/receiving documents and associated credit eview Note 6 0 6: We still need to perform additional cutoff procedures due to this exception. Please perform the rocedures suggested in the firm guidance on misstatements found during tests of details. D o si d