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Assume that the company for which you work currently makes all purchases with cash. However, the owner, Susan Nicholson, has decided to obtain credit from
Assume that the company for which you work currently makes all purchases with cash. However, the owner, Susan Nicholson, has decided to obtain credit from vendors. She has therefore asked you to suggest measures that the company can take to organize and manage its accounts payable. She has also asked that you explain to her how the controlling account in the general ledger relates to the vendor accounts in the subsidiary ledger. Prepare a memo with the information that has been requested.
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