Question
Tau issued a statement to one of its customers, Ancona Co for the month ended 28 February 20X5. At that date, the payable ledger
Tau issued a statement to one of its customers, Ancona Co for the month ended 28 February 20X5. At that date, the payable ledger account for Tau maintained by Ancona Co had a balance of $4,575. A review of Ancona Co's payable ledger account for Tau and the supplier statement revealed the following differences: 1 Ancona Co had not recorded a credit note for $18 recently issued by Tau. 2 An invoice on the statement from Tau for $875 related to another customer and had been included in in error. What was the balance on the statement issued by Tau for the month ended 31 October 20X9?
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
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