You are engaged to perform an audit of the Giordani Corporation for the year ended December 31, 2013. You have decided to perform the following cutoff test for payables and accruals. Select all items greater than $25,000 for two business days before and after year-end from the purchases journal and ensure that all transactions are recorded in the proper period. During your rms observation of Giordanis physical inventory you obtained the following cutoff information: the last receiving report number in 2013 was 49,745. Your audit work identied the following items for fur-ther investigation: Selections from the December 2013 Purchase Journal DateRR#Vendor NameAmountExplanation a. 12/3049,742Allen Chem.$29,875Chemicals purchased for manufacturing process.b. 12/31noneKhan Consulting$45,000Payment for consulting services for the three-month period beginning December 1, 2013. The $45,000 was charged to consulting expenses.c. 12/3149,744Goff Materials$205,000Raw materials used in the manufacturing process. Selections from the January 2014 Purchase Journal DateRR#Vendor NameAmountExplanation d. 1/0149,746Temper Trucks$75,985Purchase of a new forklift.e. 1/0249,743Pack Products$42,000Paper products used in manufacturing process.f. 1/02noneTelecom Inc.$32,450December 2013 telephone bill. Required: For each of the six items provided in the table above, consider whether there is evidence of proper cutoff of payables and accruals (i.e., the transaction is recorded in the proper period). If the item is not properly recorded, prepare the necessary adjusting entries at December 31, 2013.