D LUKE'S GENERAL STORE Long Term Date December 31, 2057 kem 5 1 Current Portion of Long Term Deb Upe Chopdownances Last of Auditing Procedur 48,250 A Agree beginning balance to previous year's audit workpapers 6 2 Nots Payable in-current portion 7 Total Long-Term Debt 180,351 $228,601 B Foot cross foot to mure mathematical accuracy 8 12/31/X6 10 Note Payable Salance Additions Payments Balance $273,450 Principal 12/31/ O Agree to condamation set to lender (44,049) 5228.401 11 5.15% annual rate, 60 mos) 12 Client Interest Expense for year ended 12/31/x7 $ 12,700 13 14 D Agree to Geamal Ledger balances Compare to anatization schedule principal paymmits to verify comet Perform analytical procedure, sent in domed reasonable based on outcome of procedure Age ending balance to aetation schedule G 16 Instructions Tems 1 through 4 represent the items that an auditor ordinaril 18 accompanying "List of averting procedures represents substantive al one or more procedures, as indicated, that the auditor most likely would p 20 that item. The procedures on the fat may be selected encs, more than once, or n 21 column to select the procedure 221 23 for the interest Expense, complete the analytical procedure on the right 24 11Show your calculation for the estimated interest expense amount 25 Show your calculation for the acceptable range use /-5%) 26 27) 41Determine if the client's interest reasonable and select Yes or H Performed analytical procedure, interest is NOT deed male hand on desprepared dabeysis. The For each item above select JAKES DORSAL MORE Use the drop-down St Cient's beginning beance afnote payable Cient's ending baland $275,0 228401 251,0 Calculate auditors estimat 2) Calculate editors esm Compare the client's amount to the acceptable range and select Yes (within the range Inat within the 312700 cceptable estimated renge B C 6 Select Procedure Select Procedures Select Procedure(s) Select Procedure(s) 7 A 8 B A,B,C,D A,B,C,D,E,F A,F Yes A,C,D,G A,B,C,D,E,G B.E No B,C,D,G A,B,C,D,E,H C,H 10 D B,C,D,E A,C,D,E,F,G D,F 11 E C,D,E,G B,C,D,E,G,H D,H 12 F 13 G 14 H 15 16 17 18 19 20 Select Answer +