If the individual subsidiary ledger accounts contained the following data: Cadence Company, Vendor, $200, credit balance Franklin
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If the individual subsidiary ledger accounts contained the following data:
Cadence Company, Vendor, $200, credit balance
Franklin Enterprises, Customer , $750, debit balance
Marcelo Construction, Client, $125, debit balance
Peyton Supplies, Supplier, $375, credit balance
The accounts receivable (A/R) control account and the accounts payable (A/P) control account balances would be:
A/R, $875; A/P, $575
A/R, $750; A/P, $700
A/R, $1,375; A/P, $375
A/R, $525; A/P, $175
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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