Which accounts should be confirmed with outside sources? Briefly describe from whom they should be confirmed and the information that should be confirmed.
ASSIGNMENT As auditor of the Star Manufacturing Company, you have obtained a trial balance taken from the books of Star one month before year end:Dr. (Cr.) Dr. (Cr.)Cash in bank $ 87,000 Mortgages payable (400,000)Trade accounts receivable 345,000 Capital stock (300,000)Notes receivable 125,000 Retained earnings (510,000)Inventories 317,000 Sales (3,130,000)Land 66,000 Cost of sales 2,300,000Buildings, net […]