You are examining the accounts of Scott Company for the past fiscal year In the accounts payable ledger is the following account of a trade creditor Marge Co Date Ref Debit Credit Balance Nov 1 P P1,275 00 P1 275 00 12 P 2,651 40 3 926 40 J 151 20 4,077 60 14 CP P1 275 00 2 802 60 15 P 5 232 00 8,034 60 17 P 1,054 70 9 089 30 18 CP 2 802 60 6 286 70 19 2 142 90 8,429 60 22 J 1 721 40 6 708 20 23 J 5 232 00 1 476 20 27 1,100 00 2 576 20 30 1,521 50 1,054 70 30 j 1,024 50 30 20 30 1 160 50 1 190 70 The statement of Marge Co on November 30 showed a balance due of P1 278 35 Being unable to reconcile this figure with the above balance of P1,190 70, a telephone request is made for an itemized statement of account Accordingly, Marge Co forwarded the following transcript of their accounts receivable with Scott Company Date Terms Ref Debit Credit Balance Nov 1 S P1275 00 P1 275 00 12 S 2,651 40 3 926 40 CP 151 20 4,077 60 15 S 5,232 00 9,309 60 CR 1 269 50 8,040 10 17 S 1,054 70 9 094 80 19 S 2 142 90 11 237 70 20 CR 2,799 58 8,438 12 2 10,n 30 2 10,n 30 Freight prepaid 5 10, n 30 Invoice, Nov 1 2 10, n 30 2 10,n 30 Invoice Nov 12 c m, Invoice Nov 15 Invoice Nov 15 Net 2 10,n 30 c m, Invoice Nov 19 c m, Invoice Nov 1 2 10, n 30 22 J 1 721 40 6,716 72 24 CR 5 195 93 1 520 79 25 S 1 160 50 2 681 29 27 S 1,100 00 3 781 29 29 J 1,521 50 2 259 79 30 J 1,024 50 1 235 29 S 1,043 06 2 278 35 Required Reconcile the accounts and prepare any adjusting journal entry

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You are examining the accounts of Scott Company for the past fiscal year  In the accounts payable ledger is the following account of a trade creditor Marge Co  Date Ref Debit Credit Balance Nov  1 P P1,275 00 P1 275 00 12 P 2,651 40 3 926 40 J 151 20 4,077 60 14 CP P1 275 00 2 802 60 15 P 5 232 00 8,034 60 17 P 1,054 70 9 089 30 18 CP 2 802 60 6 286 70 19 2 142 90 8,429 60 22 J 1 721 40 6 708 20 23 J 5 232 00 1 476 20 27 1,100 00 2 576 20 30 1,521 50 1,054 70 30 j 1,024 50 30 20 30 1 160 50 1 190 70 The statement of Marge Co  on November 30 showed a balance due of P1 278 35  Being unable to reconcile this figure with the above balance of P1,190 70, a telephone request is made for an itemized statement of account  Accordingly, Marge Co  forwarded the following transcript of their accounts receivable with Scott Company  Date Terms Ref Debit Credit Balance Nov  1 S P1275 00 P1 275 00 12 S 2,651 40 3 926 40 CP 151 20 4,077 60 15 S 5,232 00 9,309 60 CR 1 269 50 8,040 10 17 S 1,054 70 9 094 80 19 S 2 142 90 11 237 70 20 CR 2,799 58 8,438 12 2 10,n 30 2 10,n 30 Freight prepaid 5 10, n 30 Invoice, Nov 1 2 10, n 30 2 10,n 30 Invoice Nov 12 c m, Invoice Nov 15 Invoice Nov 15 Net 2 10,n 30 c m, Invoice Nov 19 c m, Invoice Nov 1 2 10, n 30 22 J 1 721 40 6,716 72 24 CR 5 195 93 1 520 79 25 S 1 160 50 2 681 29 27 S 1,100 00 3 781 29 29 J 1,521 50 2 259 79 30 J 1,024 50 1 235 29 S 1,043 06 2 278 35 Required  Reconcile the accounts and prepare any adjusting journal entry

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You are examining the accounts of Scott Company for the past fiscal year. In the accounts payable ledger is the following account of a trade

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