A company has four vendors and the accounts payable subsidiary ledger shows the following balances. $$\begin{array} { | l | r | }
\hline \text { Alpha } & \$ 278,821 \
\hline \text { Beta } & 150,474 \
\hline \text { Gamma } & 91,943 \
\hline \text { Delta } & 41,187 \
\hline
\end{array}$$ Calculate the accounts payable balance in the general ledger.
A) $429,295
B) $562,425
C) $278,821
D) $283,604

Question

A company has four vendors and the accounts payable subsidiary ledger shows the following balances. $$\begin{array} { | l | r | } 
\hline \text { Alpha } & \$ 278,821 \
\hline \text { Beta } & 150,474 \
\hline \text { Gamma } & 91,943 \
\hline \text { Delta } & 41,187 \
\hline
\end{array}$$ Calculate the accounts payable balance in the general ledger.
A) $429,295
B) $562,425
C) $278,821
D) $283,604

Quizplus · Accepted Answer

The accounts payable balance in the general ledger is the sum of all the accounts payable balances in the subsidiary ledger. Adding up the balances in the subsidiary ledger gives $562,425, which is option B.

A Company Has Four Vendors and the Accounts Payable Subsidiary