Identify the accounts payable balance


Response to the following problem:

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

 

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Accounting Basics: Identify the accounts payable balance
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