Question
Crane Company has a balance in its Accounts Payable control account of $10,800 on January 1, 2020. The subsidiary ledger contains three accounts: Smith
Crane Company has a balance in its Accounts Payable control account of $10,800 on January 1, 2020. The subsidiary ledger contains three accounts: Smith Company, balance $3,100; White Company, balance $2,650 and Marino Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Smith Company $8,600 $6,100 $ -0- White Company 5,350 2,600 1,600 Marino Company 6,200 6,350 -0- (a) What is the January 1 balance in the Marino Company subsidiary account? January 1 balance $
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
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