Question 4 [3 marks) Bosh Rental (Bosh) is a franchise business dealing in rental equipment. Franchisees purchase or lease rental equipment from Bosh then rent out items on a daytoday basis to their customers at rates approved by Bosh. In a franchisee store, rental revenues can be cash or on credit for approved customers. A rental clerk records the sale (rental) on a sales invoice after verifying the price against the authonzed price list, and also keys the rental information into a database listing all of the store's equipment. so that the store can tell at anytime which equipment is on hand. The cash receipts clerk records the cash in a cash receipts journal. The store manager compiles a remittance list. which is used at the end of the day to prepare a bank deposit. When credit sales are made, the store maintains the information in the subledgers. Sales invoices are serially prenumbered. Required For each of the following control objectives, identify the population for sample selection and prepare 4 audit procedures to test the objective: completeness of sales, authorization of sales. completeness of cash receipts and validity of receivables tor a franchisee store