Presented below is information related to Sims Ltd for its first month of operations. Determine the balances

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Presented below is information related to Sims Ltd for its first month of operations. Determine the balances that appear in the accounts payable subsidiary ledger. What accounts payable control balance appears in the general ledger at the end of January?

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Problem-solving strategies 

To determine the balances that appear in the accounts payable subsidiary ledger, subtract cash paid from credit purchases. (Note that there are no opening balances as it is the first month of operations for Sims Ltd.)
To determine the accounts payable control balance in the general ledger, sum the individual balances.




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