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An auditor is going to choose a sample of accounts receivable balances at year end to test and has determined the appropriate sampling interval to be 4 with a random start of the second balance in the list. Presented below are the first 10 accounts in the list (in order). Determine the first 2 account balances (including the random start) that will be sampled and tested using the sampling interval.     Beads Galore $678     Beads N Such $5,125     Island Time Beads $235     Premier Beads $4,020     Regal Beads $567     Seattle Bead Xchange $321     Shipwreck Beads $3,502     The Bead Place $870     The Bead Place Too $450     The Bead Place Too Phoenix $125

An auditor is going to choose a sample of accounts receivable balances at year end to test and has determined the appropriate sampling interval to be 4 with a random start of the second balance in the list. Presented below are the first 10 accounts in the list (in order). Determine the first 2 account balances (including the random start) that will be sampled and tested using the sampling interval.     Beads Galore $678     Beads N Such $5,125     Island Time Beads $235     Premier Beads $4,020     Regal Beads $567     Seattle Bead Xchange $321     Shipwreck Beads $3,502     The Bead Place $870     The Bead Place Too $450     The Bead Place Too Phoenix $125

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An auditor is going to choose a sample of accounts receivable balances at year end to test and has determined the appropriate sampling interval to be 4 with a random start of the second balance in the list. Presented below are the first 10 accounts in the list (in order). Determine the first 2 account balances (including the random start) that will be sampled and tested using the sampling interval.

   

Beads Galore $678
   

Beads N Such $5,125
   

Island Time Beads $235
   

Premier Beads $4,020
   

Regal Beads $567
   

Seattle Bead Xchange $321
   

Shipwreck Beads $3,502
   

The Bead Place $870
   

The Bead Place Too $450
   

The Bead Place Too Phoenix $125
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