Hey, chill out!I am just doing this gig while I wait to qualify for the PGA tour!Ok, so I went back over your review notes and this is what I did:

1. From the cutoff bank statement in the B-series audit documentation, I got a list of all the checks that cleared by January 15.

1. I removed all checks written before 12/31, as they would not relate to December 31 outstanding liabilities anyway.

1. I then traced the remaining checks to the voucher packets.The information is posted in the attached audit documentation (L-3).

1. Per your instructions, I also examined documents in the open purchase order file, the unmatched receiving report file, and the unmatched invoice file (something that I forgot to do in my initial search audit procedures).

How am I supposed to know if Apollo owes any money or not?

I am going back to the driving range.If you want to stay out of trouble with Darlene, I suggest you'd better prepare the audit documentation and any necessary adjustments.

Note from the authors:For purposes of this case, assume December 31^stof 2017 is a Wednesday. Having December 31^stas a business day adds clarity to information in the case and enriches opportunities to develop auditing skills.

A B C D F F G H K 6 From Cutoff Bank Statement: From Check Register From Voucher Packet Che Date Amount Date of Check Payee Invoice Date Description CO 3622 1/13/18 $6,683.93 1/10/18 Smart Chip 12/27/17 Annual computer maintenance contract-2018. LD 3623 1/13/18 $2,937.13 1/10/18 Tiger Jaguar Dealership 1/9/18 Automobile maintenance on 1/9/2018. 10 3624 1/14/18 $6,868.12 1/10/18 Fleur de Lis Catering 12/31/17 Catered Holiday party. 11 3625 1/13/18 $124.81 1/10/18 Office Hacks 1/10/18 Office supplies purchased 1/10/2018. 12 3626 1/13/18 $15,216.88 1/10/18 B. Franklin's LP&E 1/6/18 "For December electricity". 13 3627 1/13/18 $6,891.16 1/10/18 Squint Cellular 1/5/18 December telephone bill. 14 3628 1/13/18 $6,025.43 1/10/18 Sam Shaw N/A Car washes for fleet of automobiles on 1/13/2018 15 3629 1/13/18 $927.09 1/10/18 Just Boxes 1/7/18 Packaging material ordered 1/7/2018 3630 1/14/18 $8,419.69 1/10/18 Synergizer Battery Company 1/3/18 The goods were received on 1/6/2018 with bill of lading showing a 1/3/2018 shipping date and marked FOB, 16 Shipping - Chicago. 3631 1/14/18 $8,434,889.09 1/10/18 Anglonesia R&R Institute 12/27/17 The receiving report was dated, Wednesday, 12/31/2017. The AP clerk indicated that the office party was held the afternoon of the 31st and the receiving report was probably not forwarded until the next working day so was not included in year-end accounts payable. This was counted and included in the inventory count. 17 18 3632 1/14/18 $1, 117.19 1/10/18 Office Hacks 12/31/17 Business cards, picked up 12/30/2017 19 3633 1/13/18 $6,924.96 1/10/18 Smart Chip 1/10/18 Computer purchased 1/10/2018. 20 3634 1/14/18 $4,994.99 1/10/18 Sign Up! 12/31/17 New logos on vehicles on 12/31/2017. 21 3635 1/13/18 $5, 174.00 1/10/18 Zrocks 1/10/18 Copy machine purchased 1/10/2018. 22 3636 1/13/18 $585.28 1/10/18 Smart Chip 1/10/18 Computer supplies picked up 1/10/2018. 23 24 25 26Apollo Shoes, Inc. N-1 Notes Payable Schedule Prepared by For Year Ended 12/31/2017 Reviewed by PBC (Audited) Unaudited Balance Balance Acct # Account Title 12/31/16 Additions Payments 12/31/17 27000 Notes Payable-Noncurrent $0.00 2/2/17 $12,000,000.00 $12,000,000.00 24100 Line of Credit $10,000,000.00 7/1/17 $44,403,000.00 2/2/17 $10,000,000.00 $44,403,000.00 24200 Current Portion Long-Term Debt $0.00 $0.00 $10,000,000.00 $56,403,000.00 $10,000,000.00 $56,403,000.00A B C D E F Apollo Shoes, Inc. L-2 Accounts Payable Schedule Prepared by For Year Ended 12/31/2017 Reviewed by PBC List of Vendors Anglonesian Institute for Reprograming $0.00 & Rehabilitation 0 B. Franklin's LP&E $0.00 Fleur de Lis Catering $6,868.12 Just Boxes $0.00 Lawyers "R" Us, LLC $1,902,224.45 Office Hacks Supplies $1,117.19 Sign Up! $4,994.99 Smart Chip $0.00 Squint Telephone and Cellular $6,891.16 Synergizer Battery Company $0.00 Tiger Jaguar Dealership $0.00 Zrocks $0.00 Balance 12/31/17 $1,922,095.91A B C D E F G Apollo Shoes, Inc. L-1 Schedule of Current Liabilities Prepared by For Year Ended 12/31/2017 Reviewed by PBC Acct # Account Title 2016 2017 20000 Accounts Payable $4,633,118.09 $1,922,095.91 10 23100 Sales Tax Payable $0.00 $0.00 11 12 23200 Wages Payable $29,470.32 $0.00 13 14 23300 FICA Employee Withholding $1,318.69 $8,439.65 15 16 23350 Medicare Withholding $583.99 $11,414.99 17 18 23400 Federal Payroll Taxes Payable $6,033.01 $118,086.12 19 20 23500 FUTA Tax Payable $0.00 $0.00 21 22 23600 State Payroll Taxes Payable $2,815.47 $55,106.86 23 24 23700 SUTA Tax Payable $0.00 $0.00 25 26 23800 FICA Employer Withholding $1,318.69 $8,439.65 27 28 23900 Medicare Employer Withholding $583.99 $11,414.99 29 30 31