A company has four vendors and the accounts payable subsidiary ledger shows the following balances. Calculate the accounts payable balance in the general ledger.
A) $277,604
B) $434,295
C) $560,425
D) $282,821
Correct Answer:
Verified
Q61: Big Industries purchased products from Small Suppliers,paying
Q62: Ruby Gems purchases inventory from Diamond Mining.On
Q63: Entries in the purchases journal are posted
Q64: The accounts payable subsidiary ledger has postings
Q67: The journal in which all transactions that
Q68: The purchase of office equipment on credit
Q69: Which journals would have a column for
Q70: If creditors are paid within the discount
Q71: The transaction that would not be recorded
Q110: The accounts payable subsidiary ledger controls the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents