Question: Assume you are reviewing the ledger and trial balance prior to the preparation of financial statements. You notice a debit balance sitting in accounts payable.

Is this something that might raise a $$red flag$$ for you? If so$,$ why?

How would you go about identifying the composition of this balance to help you better assess how the balance got to where it is$?$

Knowing what you know about accounts used to record accounting transactions, and how these accounts are impacted in the transaction recording process, what might be the reason that the accounts payable account is sitting with a debit balance?