The total on the "Accounts Payable Creditors Balances" report at January 31, the end of the first month of operations, agrees with the total of the Accounts Payable debit column in the cash payments journal for the same period.

Question

Quizplus · Accepted Answer

The total on the "Accounts Payable Creditors Balances" report should agree with the total of the Accounts Payable account in the general ledger, not the debit column in the cash payments journal, which records payments made.

The Total on the "Accounts Payable Creditors Balances" Report at January