Nobo Uematsu Company has a balance in its Accounts Payable control account of $8,250 on January 1,
Question:
Nobo Uematsu Company has a balance in its Accounts Payable control account of $8,250 on January 1, 2010. The subsidiary ledger contains three accounts: Jones Company, balance $3,000; Brown Company, balance $1,875; and Aatski Company. During January, the following payable-related transactions occurred.
Instructions(a) What is the January 1 balance in the Aatski Company subsidiary account?(b) What is the January 31 balance in the control account?(c) Compute the balances in the subsidiary accounts at the end of the month.(d) Which January transaction would not be recorded in a specialjournal?
Accounts PayableAccounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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a 3375 8250 3000 1875 b 9750 8250 6750 5250 6375 60...View the full answer
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Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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