From the dropdown menu, select the audit assertion relating to classes of account balances to the appropriate audit objectives for sales and receivables. Assertion 1. Accuracy, valuation, and allocation Rights and obligations 2. Completeness 3. 4. 5. Existence > Audit Objective Accounts receivable represent gross claims on customers at the end of the reporting period and agree with the sum of the accounts receivable subsidiary ledger. All amounts owed by customers at the end of the reporting period are included in accounts receivable. Accounts receivable at the end of the sales reporting period represent legal claims of the entity on customers for payment. Accounts receivable represent amounts owed by customers at the end of the reporting period. The allowance for doubtful accounts represents a reasonable estimate of the difference between gross accounts receivable and their net realizable value