Jackson CPA, LLC has been engaged to perform the Y audit for JEPAB Inc., an office supply wholesaler, and is performing audit procedures to test whether JEPAB\'s balances related to the expenditure cycle are correct. Materiality and performance materiality have been set at $ and $ respectively. Test selections chosen by the audit team relate to the purchase of inventory to be sold by JEPAB in the normal course of business. Jackson has confirmed that the trade accounts payable AP general ledger account reconciliation prepared by the client ties to the general ledger GL account balance of $ as of Y The client\'s account reconciliation is unadjusted for any proposed adjusting journal entries to be made by the auditor resulting from the auditor\'s fieldwork.

Using the exhibits, perform the following audit procedures:

In Column C identify the auditor\'s finding from performing the audit procedure Column A on the auditor\'s test selection Column B A selection can be used once, more than once, or not at all.

In Column D if an adjusting entry is needed to restate the client\'s AP balance at Y select the appropriate accounts to debit DR and credit CR If no adjusting entry is needed, select \"Not applicable.\"

In Column E enter the impact to AP of any proposed audit adjustments identified Column D

For proposed adjustments that increase AP enter a positive whole number.

For proposed adjustments that decrease AP enter a negative whole number.

If no adjustment is needed, enter a zero

In Row based on the audit work performed and assuming that the auditor\'s proposed adjustments to the AP account have not yet been made, form a conclusion on the client\'s AP balance. Assume that no further issues or adjustments, including qualitative factors, were identified during the audit of accounts payable.