Results of Receivable ConfirmationYou obtained from your client, SLC Corporation, the following schedule of accounts receivable as of October 31, 2021:Act. No.Conf. No.Name of CustomersBalance18,00012,00010,00010,00010,0002018-20001Melba dela Cruz2018-35002Ronald Magno0030042018-45Ana Marie Querol2018-80Aiko Villavicencio2018-85005Cleofe Santiago2019-05006Aezelle Villavicencio16,0002019-20007Jesse Caling24,0008,00014,00030,0002,0002019-25008Arthur Galicio2020-33009Remuel Bernardo2020-40010Benjamin Cabudbod2020-42011Rhoda MaranoShirley LayugJenielyn MarianoAnjelo Cruz2021-1201222,0002021-250134,0008,0002021-380142021-50015Gieron Adriano12,000200,000 You traced the items in this schedule to individual account balances in the subsidiary ledger, checked the footing andascertained that addresses were complete and adequate. You also reconciled the schedule balance with thecontrolling account in the general ledger ad found them to be in agreement.On November 8, 2021, you mailed out confirmation request to all customers above with the exception of Rhoda Marañowhich you verified personally since she is working with the company as secretary.By November 30, 2021, the following replies had been arrived:1. Aiko Villavicencio, received November 15, confirms balance of P 10,000.2. Ana Marie Querol, returned by Post Office "Addressee Unknown."3. Jesse Caling, received November 20, remarks "Balance is now paid."4. Benjamin Cabudbud, received November 25, confirms P 20,000, remarks "We returned P 10,000 worth ofmerchandise on November 12".5. Gieron Adriano, returned by post office, "No such person".6. Anjelo Cruz received November 26, confirms only P 6,000 remarks "You overcharged us P 2,000, we did notorder lipstick." You verified that P 10,000 of merchandise was actually returned by Benjamin Cabudbud on November 12. This wascovered by the company credit memo number 1615. You also verified an error in billing Anjelo Cruz for P 2,000. Thiserror was corrected by the company on November 10.In accordance with instructions from your senior, you verified that the following were paid in November:1. Aiko Villavicencio, paid November 15, OR No. 4567.2. Jesse Caling, paid November 18, OR No. 5125.3. Ana Marie Querol, paid November 26, OR No. 5978.4. Aezelle Villavicencio, paid November 24, OR No. 5467.5. Rhoda Maraño, paid November 16, OR No. 4789On December 2 you mailed the second requests for confirmations to all those who did not reply to the first requests,and by December 15 you received the following replies:1. Cleofe Santiago, received December 7, P 10,000 OK2. Arthur Galicio, received December 8, remarks "This is not yet due, you allowed me 90 days credit."3. Shirley Layug, December 10, Balance of P 22,000 confirmed.Required:Working papers compiling results of confirmation using the following column headings:Account NumberConfirmation ResultsSubsequent collection to Nov. 30Name of Customers(1) Confirming balance(1) DateConfirmation Number(2) Reporting differences(2) OR numberAddress(3) Returned by Post Office(3) AmountPer Client, October 31, Dr. Cr.(4) No ReplyRemarks SOLUTION:SLC CORPORATIONWorking Paper for Accounts Receivable ConfirmationOctober 31, 2021PER CLIENTONFIRMATION RESULTAs of October 31, 2021 Confirmin Reportingg Balance DifferenceSUBSEQUENT COLLECTIONSUp to November 30, 2021OR No.Act. No.Name of CustomersConf. NoAddressDebitCreditNO REPLYDateAmountREMARKS2018-20 Melba dela Cruz2018-35 Ronald Magno2018-45 Ana Marie Querol2018-80 Aiko Villavioencio2018-85 Cleofe Santiago2019-05 Aezelle Villavicencio2019-20 Jesse Caling2019-25 Arthur Galicio2020-33 Remuel Bernardo2020-40 Benjamin Cabudbod|2020-42 Rhoda Marano2021-12 Shirley Layug2021-25 Jenielyn Mariano2021-38 Anjelo Cruz2021-50 Gieron Adriano00100200300400500607008009010011012013014015100%0%0%0%

Question

Results of Receivable ConfirmationYou obtained from your client, SLC Corporation, the following schedule of accounts receivable as of October 31, 2021:Act. No.Conf. No.Name of CustomersBalance18,00012,00010,00010,00010,0002018-20001Melba dela Cruz2018-35002Ronald Magno0030042018-45Ana Marie Querol2018-80Aiko Villavicencio2018-85005Cleofe Santiago2019-05006Aezelle Villavicencio16,0002019-20007Jesse Caling24,0008,00014,00030,0002,0002019-25008Arthur Galicio2020-33009Remuel Bernardo2020-40010Benjamin Cabudbod2020-42011Rhoda MaranoShirley LayugJenielyn MarianoAnjelo Cruz2021-1201222,0002021-250134,0008,0002021-380142021-50015Gieron Adriano12,000200,000 You traced the items in this schedule to individual account balances in the subsidiary ledger, checked the footing andascertained that addresses were complete and adequate. You also reconciled the schedule balance with thecontrolling account in the general ledger ad found them to be in agreement.On November 8, 2021, you mailed out confirmation request to all customers above with the exception of Rhoda Marañowhich you verified personally since she is working with the company as secretary.By November 30, 2021, the following replies had been arrived:1. Aiko Villavicencio, received November 15, confirms balance of P 10,000.2. Ana Marie Querol, returned by Post Office &#34;Addressee Unknown.&#34;3. Jesse Caling, received November 20, remarks &#34;Balance is now paid.&#34;4. Benjamin Cabudbud, received November 25, confirms P 20,000, remarks &#34;We returned P 10,000 worth ofmerchandise on November 12&#34;.5. Gieron Adriano, returned by post office, &#34;No such person&#34;.6. Anjelo Cruz received November 26, confirms only P 6,000 remarks &#34;You overcharged us P 2,000, we did notorder lipstick.&#34; You verified that P 10,000 of merchandise was actually returned by Benjamin Cabudbud on November 12. This wascovered by the company credit memo number 1615. You also verified an error in billing Anjelo Cruz for P 2,000. Thiserror was corrected by the company on November 10.In accordance with instructions from your senior, you verified that the following were paid in November:1. Aiko Villavicencio, paid November 15, OR No. 4567.2. Jesse Caling, paid November 18, OR No. 5125.3. Ana Marie Querol, paid November 26, OR No. 5978.4. Aezelle Villavicencio, paid November 24, OR No. 5467.5. Rhoda Maraño, paid November 16, OR No. 4789On December 2 you mailed the second requests for confirmations to all those who did not reply to the first requests,and by December 15 you received the following replies:1. Cleofe Santiago, received December 7, P 10,000 OK2. Arthur Galicio, received December 8, remarks &#34;This is not yet due, you allowed me 90 days credit.&#34;3. Shirley Layug, December 10, Balance of P 22,000 confirmed.Required:Working papers compiling results of confirmation using the following column headings:Account NumberConfirmation ResultsSubsequent collection to Nov. 30Name of Customers(1) Confirming balance(1) DateConfirmation Number(2) Reporting differences(2) OR numberAddress(3) Returned by Post Office(3) AmountPer Client, October 31, Dr. Cr.(4) No ReplyRemarks SOLUTION:SLC CORPORATIONWorking Paper for Accounts Receivable ConfirmationOctober 31, 2021PER CLIENTONFIRMATION RESULTAs of October 31, 2021 Confirmin Reportingg Balance DifferenceSUBSEQUENT COLLECTIONSUp to November 30, 2021OR No.Act. No.Name of CustomersConf. NoAddressDebitCreditNO REPLYDateAmountREMARKS2018-20 Melba dela Cruz2018-35 Ronald Magno2018-45 Ana Marie Querol2018-80 Aiko Villavioencio2018-85 Cleofe Santiago2019-05 Aezelle Villavicencio2019-20 Jesse Caling2019-25 Arthur Galicio2020-33 Remuel Bernardo2020-40 Benjamin Cabudbod|2020-42 Rhoda Marano2021-12 Shirley Layug2021-25 Jenielyn Mariano2021-38 Anjelo Cruz2021-50 Gieron Adriano00100200300400500607008009010011012013014015100%0%0%0%

Accepted Answer

Account No
Name of customer
conf no
Address
Per client
Confirmation result
returned by post office…