Peach Blossom Cologne Company Assignment 4 U

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Unformatted text preview: 9. Look into previously charged off accounts. 10. Determine if any accounts have been sold, assigned, or pledged as collateral for loans. Valuation or Allocation 11. Foot aged trial balance and match totals to working trial balance. 12. Test aging of individual accounts. 13. Obtain or prepare an analysis of bad debts expense and the allowance account for the year. 14. Make sure that write offs of all amounts are correct. 15. Verify collections of accounts on balance sheet date. Presentation and Disclosure 16. Find out if any accounts are due from directors, officers, employees, stockholders, others. Check if proper disclosures are noted on financial statements. 17. Review any credit balances in accounts receivable and make sure if any need to be reclassified. 18. Check accounts for conflict of interest between related parties. 19. Find out if loans are secured with accounts....
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About the Author

Jack W. Paul is a professor of Accounting at Lehigh University. He has authored this and another successful audit case for McGraw-Hill(Apple Blossom). He received his Ph.D. from Lehigh in 1978.

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Editorial Reviews

About the Author

Jack W. Paul is a professor of Accounting at Lehigh University. He has authored this and another successful audit case for McGraw-Hill(Apple Blossom). He received his Ph.D. from Lehigh in 1978.

Read more

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Editorial Reviews

About the Author

Jack W. Paul is a professor of Accounting at Lehigh University. He has authored this and another successful audit case for McGraw-Hill(Apple Blossom). He received his Ph.D. from Lehigh in 1978.

Read more

NO_CONTENT_IN_FEATURE

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