During the audit of Venus Fly Fang Trape Company of the year 2014 , one junior auditor has been given the task to analyze the Acquisition and Payments cycle related to Property Plant and Equipment. Partial information given from the client are as follow : 1. Machineries type A balance as of 31/12 /2014 is $ 4,000,000 and $ 3,000,000 as of 31/12/2013 2. Machineries type B balance as of 31/12/2014 is $ 3,000,000 and $ 2,500,000 as of 31/12/2013 3. Accumulated Dep for Mach A as of 31/12/2014 is $ 1,000,000 and $ 500,000 as of 31/12/2013 4. Accumulated Dep for Mach B of 31/12/2014 is $ 700,000 and $ 500,000 as of 31/12/2013 5. Policy for depreciation of machinery A is 4 years Straight line and Policy of Machinery B is 8 Years Straight line After performing additional audit procedures the results are as follow: Purchase additional equipment for Machineries A to make it more efficient Amounting $ 500,000 on 2nd of January 2014. Purchase new machinery type A amounting $ 1,000,000 on 1st of July 2014 Amounting $1,200,000. Installation cost is $ 1,000,000 Sold some old machinery type A to someone on 31/12/2014. The cost of these old machineries is $ 900,000. Accumulated depreciation to date is $ 150,000. The person paid $700,000 cash Purchase new machinery type B amounting $ 800,000 on 1st of April 2014. Repair and Maintenance of Machinery type B amounting $ 200,000 on 1st of July 2014 Sold of old machineries type B amounting $ 300,000 to someone On 31/12/2014. Accumulated Depreciation to date is $ 50,000. The person paid $250,000 cash An adjustment on 31/12/2014 is made by the accountant of the company for machinery accumulated depreciation to record the shortage of accumulated depreciation for machineries B $ 125,000 . Loss account is being used to record this journal.

Required: 1. Perform Analytical Procedures - Comparing Prior Period data for year 2014 and 2013. 2. Prepare the Journal for analysis based on the case above 3. Determine whether the balance is materially misstated if the Tolerable Error for Machineries and Accumulated depreciations is $ 150,000 each. 4. What should the auditor do in relation with the result mentioned? 5. What are the other accounts that falls under the Acquisition and Payments Cycle? ( at least 5 )