Essay About Customer Id And Web Streetmelbourne 3000Tojustinunit 1/2Goodwill Streetbayside

Auditing
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WEEK 10 Class ExerciseThe following questions pertain to issues that could arise during the collection of audit evidence regarding Sales & Ac Receivable:Journal Entry Recorded: Details DebitCreditDr Ac ReceivableCr Sales$5200$5200Dr COGSCr Inventory $4000$4000The Related sales invoice (No. 12345) generated by the client’s information system for testing as shown below:INVOICEDate: June 27th 2015Invoice # 12345[pic 1]It’s a GOODBUY!GoodBuy.com1, Web StreetMelbourne 3000TOJustinUnit 1/2Goodwill StreetBayside 315903 98784554Customer ID  : AUS0099Customer Order No : 789456SHIP TOJustinUnit 1/2Goodwill StreetBayside 315903 98784554]Customer ID:  AUS0099  Shipping Reference: 789456Fed Ex Tracking No: 8782134568794513SALESPERSONSHIPPING METHODSHIPPING TERMSDELIVERY DATEPAYMENT TERMSDUE DATE                                                 AliceBy WeightFed ExFOB DestinationJuly 3rd 2015     30 DaysJuly 26QTYITEM #DESCRIPTIONUNIT PRICEDISCOUNTLINE TOTAL1AC 001Air Compressor$2500$0$25001OP 007Oil Pump$3000$300$2700TOTAL DISCOUNT$300$5200SUBTOTAL$5200SALES TAX$520TOTAL$5200[No Cash.  Credit Card payments or bank  transfer to Goodbuy.com Acc No 00501 123789]Thank you for your business!The following questions pertain to issues that could arise during the collection of audit evidence regarding Purchases/Expenses :Journal Entry Recorded: Details DebitCreditDr Asset/ExpenseCr Ac Payable$5200$5200The following invoice was received by the client from their supplierINVOICE(SUPPLIER) Date: June 27th 2015Invoice # 12345[pic 2]It’s a GOODBUY!GoodBuy.com1, Web StreetMelbourne 3000TOJustinUnit 1/2Goodwill StreetBayside 315903 98784554Customer ID  : AUS0099Customer Order No : 789456SHIP TOJustinUnit 1/2Goodwill StreetBayside 315903 98784554]Customer ID:  AUS0099  Shipping Reference: 789456Fed Ex Tracking No: 8782134568794513SALESPERSONSHIPPING METHODSHIPPING TERMSDELIVERY DATEPAYMENT TERMSDUE DATE                                                 AliceBy WeightFed ExFOB DestinationJuly 3rd 2015     30 DaysJuly 26QTYITEM #DESCRIPTIONUNIT PRICEDISCOUNTLINE TOTAL1AC 001Air Compressor$2500$0$25001OP 007Oil Pump$3000$300$2700TOTAL DISCOUNT$300$5200SUBTOTAL$5200SALES TAX$520TOTAL$5200[No Cash.  Credit Card payments or bank  transfer to Goodbuy.com Acc No 00501 123789]Thank you for your business!