You were engaged to conduct an audit of the financial statements of Clayton Realty Corporation for the year ending January 31.
The examination of the annual rent reconciliation is a vital portion of the audit. The following rent reconciliation was prepared by the controller of Clayton Realty Corporation and was presented to you. You subjected it to various audit procedures:

Schedules A, B, C, and D are available to you but have not been illustrated. You have conducted an assessment of the control risk and found it to be low. Cash receipts from rental operations are deposited in a special bank account.

Required:
What substantive audit procedures should you employ during the audit in order to substantiate the validity of each of the dollar amounts marked by an asterisk(ˆ—)?

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CLAYTON REALTY CORPORATION RENT RECONCILIATION FOR THE YEAR ENDED JANUARY 31 Gross apartment rents (Schedule A) Less vacancies (Schedule B) Net apartment rentals $1,600,800* 20,000* 1,580,300 7,800* 1,572,500 500* $1,573,000 Less unpaid rents (Schedule C) Total Add prepaid rent collected (Schedule D) Total cash collected