Nancy Howe, your staff assistant on the April 30, 20X2, audit of Wilcox Company, was transferred to another audit engagement before she could complete the audit of unrecorded accounts payable. Her working paper, which you have reviewed and are satisfied is complete, appears below. onces Invoice Date April 1,x2 April 30,x2 Milcox Company Unrecorded Accounts Payable April 30, 20x2 Vendor and Description Hill Harper-unpaid legal fees at April 30, X2 (see lawyer'n letter at M-4) Drew Insurance Agency-unpaid premium at year-end on fire Insurance for period April 1, X2- March 31, X3 (see insurance broker letter at 3-1-11. Payment made on May 7, 20x2. Mays and Sage, Stockbrokers-advice for 100 shares of Madison Linited common stock (settlement date May 7, X2) Lane Company-nhipment received April 30, x2 per receiver number 3361 and included in April 30, x2, physical inventory; Levoice not yet received (amount is per purchase order) y-Examined document described. In my opinion, the $14,708 adjustment includes all material unrecorded accounts payable. NAH. M-1-1 Amounti $ 1,700y 4,320y 2,475y 6,213y 14,708 May 29, X2 Prepare a proposed adjusting journal entry for the unrecorded accounts payable of Wilcox Company at April 30, 20X2. The amounts are material. (Do not deal with income taxes) (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Do not round intermediate computations.) Lane Company-shipment number 3361 and included in April 30, x2, physical inventory; invoice not yet received (amount is per purchase order) y-Examined document described. In my opinion, the $14,708 adjustment includes all material unrecorded accounts payable. NAH May 29, X2 6,213y $14,708 Prepare a proposed adjusting journal entry for the unrecorded accounts payable of Wilcox Company at April 30, 20X2. The amounts are material. (Do not deal with income taxes.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate computations.) No 1 Date April 30, 20x2 Answer is not complete. General Journal Debit Credit 000000 2,475 6,213 3,960 150 1,700 - Marketable securities Cost of goods sold Unexpired insurance Insurance expense Professional fees expense, Accounts payable