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Select the necessary words from the list of possibilties to complete the following statements. credit department Before goods are shipped on open account, the sale should be approved by the 2. A 3. Receivables written off are often turned over to a is a shipping document that is prepared for goods shipped by a common carrier should account for the serially numbered shipping documents to ensure that an invoice is prepared for The all shipments An department in carrying out its collection program of customers accounts recelvable should be prepared at regular intervals for use by the credit to recorded sales 6 A test of the completeness of recorded sales involves tracing a sample of 7. A 8. If a response to a negative confirmation request is not received the auditors ordinarily 9 The best evidence of collectibility of accounts recelvable is examination of subsequent 10 confimation request asks the debtor to respond in all cases of the accountscollections Loans by a company to its officers, directors. major stockholders, or affillates require particular attention because these are not the resuits of arm's length bargaining by independent parties