The eagle company sells industrial equipment to a variety of customers. Its usual sales terms call for a payment in 30 days. Its internal control over cash receipts, sales, and shipping have in the past been reasonably good and in your preliminary planning you have assessed control risk in this area as low. An analytical review performed as of the planning phase of the audit did not reveal any unusual items.

Select two audit procedures that you could perform to obtain comfort that the recorded receivables exist _____________ (enter a numeric value) ___________ (Enter a numeric value)

Audit procedures: 1)Obtain a written statement from the client's Bank where the bank States the clients year-end balance on deposit 2)count the inventory items and reconcile the amounts to the client records 3)Trace column totals from the cash disbursements journal to the general ledger review the total repairs and maintenance for each month to determine whether any months total was unusually large 4) examine a piece of equipment to make sure a recent purchase of equipment was actually received and is in operation 5) calculate the ratio of cost of goods sold to sales as a test of overall reasonableness of gross margin relative to the preceding year 6) review that there's an appropriate segregation of functions with regard to Disbursements 7) add entries in the sales journal to determine whether they were correctly totaled by the client 8) Trace recorded sales from the sales journal to supporting documents including duplicate sales invoices bills of lading and customer order 9) compare dates on the bill of lading sales invoices and sales journal to test for delays in recording sales transactions 10) obtain an aged listing of accounts receivable assess the reasonableness of the balance in the allowance for doubtful accounts journal and Trace the totals to the related general ledger accounts 11) confirm a sample of accounts receivable balances 12) Trace from a sample of canceled checks representing disbursements made to the cash disbursements Journal 13) review subsequent cash receipts from customers with receivables balances 14) account for the sequence of pre numbering shipping documents to determine if any are missing 15) Trace from Shipping documents to sales Journal 16) recompute the cash discounts taken by the client account for the sequence of pre-numbered receiving reports to determine if any are missing 17) Trace recorded transactions to the purchase journal to vendor invoices receiving reports and other supporting documents 18) examine duplicate sales invoices for proper account classification select the last 20 sales transaction from the current year sales journal and the first 20 from the subsequent year and Trace each of the related shipping documents checking for the date of the shipment and correct recording