You are the senior auditor in-charge on the audit engagement for JA Tire Manufacturing for the year ended December 31, 2019. You are responsible for performing risk assessment procedures related to the sales cycle. JA Tire has four sales divisions within the U.S. and sells primarily to large tire companies with regional warehouses that subsequently distribute to local retailers.

[Listed below] (1 through 16) are the balance-related and transaction-related audit objectives.

Identify the specific audit objective (1 through 16) that each of the following specific audit procedures (a. through e.) satisfies in the audit of sales, accounts receivable, and cash receipts for fiscal year ended December 31, 2019 For JA Tire Manufacturing.

1. For a sample of customer accounts receivable balances at December 31, 2019, examine subsequent cash receipts in January 2020 to determine whether the customer paid the balance due.
2. Determine whether risks related to accounts receivable are clearly and adequately disclosed.
3. Use EXCEL to total sales in the sales journal for the month of July and trace postings to the general ledger.
4. Send letters to a sample of accounts receivable customers to verify whether they have an outstanding balance at December 31, 2019.
5. Determine whether long-term receivables and related party receivables are reported separately in the financial statements.

Balance-Related Audit Objectives	Transaction-Related Audit Objectives
Existence Completeness Accuracy Cutoff Detail tie-in Realizable value Classification Rights and obligations Presentation	Occurrence Completeness Accuracy Classification Timing Posting and summarization Presentation