You have been instructed to audit the financial statements of Christi Manufacturing Company. You are furnished the following condensed balance sheet:

Your assistant will be carrying out most of the work. State for her guidance what information she should request third parties to confirm directly to her.

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Cash $ 100,000 Notes payable $ 200,000 Accounts receivable--- trade Deposits, due from 300,000 vendors Accounts payable- Rent, taxes, etc., 200,000 officers, etc. Inventory Plant and equipment 100,000 payable 300,000 400,000 Long-term debt 500,000 1,000,000 Capital stock 1,000,000 Investments and advances Retained earnings 200,000 -subsidiaries 400,000 Prepaid expenses and other assets 100,000 $2,400,000 $2,400,000