LO 14 - 1 , 3 , 6 f Wile 4 40 . Nancy Howe , your staff assistant on the April 30 , 20*2 , audit of Wilcox Company , wa transferred to another audit engagement before she could complete the audit of unrecorded accounts payable Her working paper , which you ! lave reviewed and are satisfied is complete , appears below Wilcox Company Unrecorded Accounts Payable April 30 , 20 * 2 invoice Vendor and Description Hill & Harper-unpaid Legal fees at Apt . 30 , see lawyer's letter at M - 4 ) 1000 4 Apr . 1 ,* 2 Drew Insurance Agency - unpaid premium on fire insurance for period A rod App . 1 , 31 . X 5 ( see insurance broker letter at J - 1 - 1) 800 4 Apr . 30 , * 2 Mays and sage , stockbrokers advice to DO shares of Madison Lid . common stock ( settlement date May 7 2125 - 4 Lane Company - shipment recent eived AP 30 , * 2 per receiver no 3361 and included in Ap 30 , X 2 , physical inventory ; invoice not yet received (amount is per purchase order ) 5863 - 4 1078 8 y Examined document described In my opinion , the $10 , 788 adjustment includes all material unrecorded accounts payable N. A . H May 29 , X2 Required Prepare a proposed adjusting journal entry for the unrecorded accounts payable of Wilcox Company at April 30 , 20*2 . The amounts are material . ( Do not deal with income taxes . ) at April 3 Ith income taxes