The following issues were not discovered by an inexperienced auditor in the audit of one Corporation:

1. The accounts payable balance as of the balance sheet date excludes 10 vendor invoices in which services and/or products were provided in the current year.

2. Some inventory items sitting in the warehouse were not included in the inventory account balance.

Please identify the issue and one assertion that best pertains to each undiscovered issue.

1.Issue:____________________ Assertion:_________________

2.Issue:____________________ Assertion:_________________