At the end of the year, the total accounts receivable ledger for a company equals $55.000 and the total accounts payable ledger equal $25,000. there are no arron for this company, one would expect that The Accounts Payable account will equin the total of all balances owed from its customer accounts. The total crect sales for the period equal $30,000 The cash received by the company during the period equals $30,000 The Accounts Receivable account will equal the total of all balances owed to its supplier accounts The Accounts Receivable account will equal the total of all balances owed from its customer accounts TB MC Qu. 07-80 (Static) The Accounts Payable controlling... The Accounts Payable controlling account: O Equals the sum of all balances of supplier accounts. O Stores the transaction data of individual supplies. O Reduces the number of entries in the general journals. Increases the number of columns in the journals. O is not included in a company's chart of accounts