SETTING AUDIT OBJECTIVES Figure 6-6 Balance and Transactions Affecting Those Balances for Accounts receivable Accounts Receivable Beginning balance Sales S660 S590 Cash receipts s26 Sales returns and allowances s35 Charge-off of uncollectible Ending balance s105 accounts Arens, Loebbecke; Auditing, 8/E @2000 Prentice Hall. InArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. SETTING AUDIT OBJECTIVES Figure 6-6 Balance and Transactions Affecting Those Balances for Accounts Receivable Accounts Receivable Beginning balance $ 96 Sales $660 Ending balance $105 $590 $ 26 $ 35 Cash receipts Sales returns and allowances Charge-off of uncollectible accounts