A company has four vendors and the accounts payable subsidiary ledger shows the following balances. $$\begin{array} { | l | r | }
\hline \text { Alpha } & \$ 275,821 \
\hline \text { Beta } & 143,474 \
\hline \text { Gamma } & 78,943 \
\hline \text { Delta } & 34,187 \
\hline
\end{array}$$ Calculate the accounts payable balance in the general ledger.
A)$419,295
B)$532,425
C)$275,821
D)$256,604

Question

A company has four vendors and the accounts payable subsidiary ledger shows the following balances. $$\begin{array} { | l | r | } 
\hline \text { Alpha } & \$ 275,821 \
\hline \text { Beta } & 143,474 \
\hline \text { Gamma } & 78,943 \
\hline \text { Delta } & 34,187 \
\hline
\end{array}$$ Calculate the accounts payable balance in the general ledger.
A)$419,295
B)$532,425
C)$275,821
D)$256,604

Quizplus · Accepted Answer

The accounts payable balance in the general ledger is the sum of all balances in the subsidiary ledger: $275,821 + $143,474 + $78,943 + $34,187 = $532,425.

A Company Has Four Vendors and the Accounts Payable Subsidiary