irement b$.$ For each audit$$ procedure, identify the$$ transaction$-$related audit objective or objectives being satisfied.

$$

Audit Procedures

Transaction$-$related Audit Objective$($s$)$

$1.$

Trace a sample of shipping documents to entry in the sales journal.

Accuracy

$2.$

Examine a sample of warehouse removal slips for signature of authorized official.

Classification

$3.$

Examine contract terms for large and unusual sales transactions to determine whether management has included adequate and understandable disclosures of those transactions in the footnotes to the financial statements.

$$

$4.$

Examine duplicate copy of shipping documents for evidence that quantities were verified before shipment.

$$

$5.$

Select a sample of payroll payments processed and agree hours to employee time records.

$$

$6.$

Use audit software to foot and cross$-$foot the sales journal and trace the balance to the general ledger.

$$

$7.$

Examine voucher packages and related vendor invoices for evidence of approval of account classification.

$$

$8.$

Select a sample of sales invoices and agree prices to the approved price list.

$$

$9.$

Select a sample of entries in the cash receipts journal and trace to posting in individual customer accounts receivable records.