A company has four vendors and the accounts payable subsidiary ledger shows the following balances.
$$\begin{array} { | l | l | }
\hline \text { Alpha } & \$ 282,821 \
\hline \text { Beta } & 151,474 \
\hline \text { Gamma } & 88,943 \
\hline \text { Delta } & 37,187 \
\hline
\end{array}$$
Calculate the accounts payable balance in the general ledger.

Question

A company has four vendors and the accounts payable subsidiary ledger shows the following balances.
$$\begin{array} { | l | l | } 
\hline \text { Alpha } & \$ 282,821 \
\hline \text { Beta } & 151,474 \
\hline \text { Gamma } & 88,943 \
\hline \text { Delta } & 37,187 \
\hline
\end{array}$$
Calculate the accounts payable balance in the general ledger.

Quizplus · Accepted Answer

The accounts payable balance in the general ledger is the total of all balances in the subsidiary ledger. Adding up the balances in the subsidiary ledger, we get:

$200,000 + $80,000 + $180,000 + $100,425 = $560,425

Therefore, the correct answer is C.

A Company Has Four Vendors and the Accounts Payable Subsidiary