The following errors were made in recording transactions in posting from the purchases journal. How will these

Question:

The following errors were made in recording transactions in posting from the purchases journal. How will these errors be detected?
a. A credit of $2,000 to Thomastown Furniture Company account in the ledger was posted as $200.
b. The column total of the purchases journal was understated by $200.
c. An invoice of $1,680 for merchandise from Johnson Company was recorded as having been received from Baxton Company, another supplier.
d. A $500 payment to Baxton Company was debited to Johnson Company
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...