Following is information from Ryan Company for its initial month of business.
(1) Identify the balances listed in the accounts payable subsidiary ledger.
(2) Identify the accounts payable balance listed in the general ledger at month’s end.
|
|
Credit Purchases |
|
|
Cash Paid |
|
|
Jan. 9 |
Boeder Company |
$7,000 |
Jan. 19 |
Boeder Company |
$5,100 |
|
18 |
Johnson Brothers |
6,600 |
27 |
Johnson Brothers |
6,600 |
|
22 |
Padley Company |
4,200 |
31 |
Padley Company |
3,400 |