FIGURE 6-3 TRANSACTIONS JOURNALS LEDGERS. TRIAL BALANCES Sales Sales AND FINANCIAL STATEMENTS Journal General ledger Cash receipts Cash and Subsidiary Receipts journal Records Acquisition of Acquisition Goods services Journal General ledger Cash TRial balance Cash Disbursements Disbursements Journal Financial Payroll services Statements disbursements Payroll Journal Allocation and Adjustments General Journal Arens, Loebbecke, Auditing, 8/E The Cycle Approach to segmenting an audit @2000 Prentice Hall. InArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Sales Sales Journal Cash Receipts Cash Receipts Journal Acquisition of Goods & Services Acquisition Journal Cash Disbursements Cash Disbursements Journal Payroll Services & Disbursements Payroll Journal Allocation and Adjustments General Journal General Ledger and Subsidiary Records General Ledger Trial Balance Financial Statements TRANSACTIONS JOURNALS LEDGERS, TRIAL BALANCES, AND FINANCIAL STATEMENTS FIGURE 6-3 The Cycle Approach to segmenting an audit