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If the accounts payable subsidiary ledger shows the following balances on 3 1 July 2 1 6 , what is the balance in the accounts
If the accounts payable subsidiary ledger shows the following balances on July what is the balance in the accounts payable
control account on the same date assuming all recording and balancing of accounts payable records is up to date Wilson $;
Watson $ and Zhang $
Cannot be calculated from the above information
$ Debit
$ Credit
$
Question
A credit sale is recorded in the accounts receivable control account and the accounts receivable subsidiary ledger as a:
Debit in the control account and a debit in the subsidiary ledger
Credit in the control account and a debit in the subsidiary ledger
Credit in the control account and a credit in the subsidiary ledger
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