After Bunker Hill Assay Services Inc. had completed all postings for March in the current year (20Y4), the sum of the balances in the following accounts payable ledger did not agree with the $36,600 balance of the controlling account in the general ledger: NAME ADDRESS CD. Greer and Son 972 5. Tenth Street Post. Credit Date Item Ref. Debit Balance 20Y4 Mar. 17 Рзо 3,750 3,750 P31 27 12,000 15,750 NAME ADDRESS Carbon Supples Inc 1170 Mattis Avenue Post. Ref. Balance Date Item Debit Credit 20Y4 Mar. Balance 8,300 P30 7,000 14,000 J7 12 300 13,700 CP23 20 5,800 7,900 NAME Cutler and Powell 717 Em Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Υ4 Mar. Balance 6,100 CP23 18 6,100 P31 29 7,800 7,800 NAME ADDRESS Hudson Bay Minerals Co. 1240 W. Maln Street Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. Balance 4,750 CP22 10 4,750 P30 17 3,700 3,700 J7 25 3,000 1,700 NAME Valley Power 915 E Wainut Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. 5 P30 3,150 3,150 Assuming that the controlling account balance of $36,600 has been verified as correct, (a) determine the error(s) in the preceding accounts and (b) prepare a listing of accounts payable creditor balances (from the corrected accounts payable subsidiary ledger).
After Bunker Hill Assay Services Inc. had completed all postings for March in the current year (20Y4), the sum of the balances in the following accounts payable ledger did not agree with the $36,600 balance of the controlling account in the general ledger: NAME ADDRESS CD. Greer and Son 972 5. Tenth Street Post. Credit Date Item Ref. Debit Balance 20Y4 Mar. 17 Рзо 3,750 3,750 P31 27 12,000 15,750 NAME ADDRESS Carbon Supples Inc 1170 Mattis Avenue Post. Ref. Balance Date Item Debit Credit 20Y4 Mar. Balance 8,300 P30 7,000 14,000 J7 12 300 13,700 CP23 20 5,800 7,900 NAME Cutler and Powell 717 Em Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Υ4 Mar. Balance 6,100 CP23 18 6,100 P31 29 7,800 7,800 NAME ADDRESS Hudson Bay Minerals Co. 1240 W. Maln Street Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. Balance 4,750 CP22 10 4,750 P30 17 3,700 3,700 J7 25 3,000 1,700 NAME Valley Power 915 E Wainut Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. 5 P30 3,150 3,150 Assuming that the controlling account balance of $36,600 has been verified as correct, (a) determine the error(s) in the preceding accounts and (b) prepare a listing of accounts payable creditor balances (from the corrected accounts payable subsidiary ledger).
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter18: Acquiring Capital For Growth And Development
Section: Chapter Questions
Problem 2AP
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Transcribed Image Text:After Bunker Hill Assay Services Inc. had completed all postings for March in the current
year (20Y4), the sum of the balances in the following accounts payable ledger did not
agree with the $36,600 balance of the controlling account in the general ledger:
NAME
ADDRESS
CD. Greer and Son
972 5. Tenth Street
Post.
Credit
Date
Item
Ref.
Debit
Balance
20Y4
Mar. 17
Рзо
3,750
3,750
P31
27
12,000
15,750
NAME
ADDRESS
Carbon Supples Inc
1170 Mattis Avenue
Post.
Ref.
Balance
Date
Item
Debit
Credit
20Y4
Mar.
Balance
8,300
P30
7,000
14,000
J7
12
300
13,700
CP23
20
5,800
7,900
NAME
Cutler and Powell
717 Em Street
ADDRESS
Post.
Ref.
Date
Item
Debit
Credit
Balance
20Υ4
Mar.
Balance
6,100
CP23
18
6,100
P31
29
7,800
7,800
NAME
ADDRESS
Hudson Bay Minerals Co.
1240 W. Maln Street
Post.
Ref.
Date
Item
Debit
Credit
Balance
20Y4
Mar.
Balance
4,750
CP22
10
4,750
P30
17
3,700
3,700
J7
25
3,000
1,700
NAME
Valley Power
915 E Wainut Street
ADDRESS
Post.
Ref.
Date
Item
Debit
Credit
Balance
20Y4
Mar. 5
P30
3,150
3,150
Assuming that the controlling account balance of $36,600 has been verified as correct,
(a) determine the error(s) in the preceding accounts and (b) prepare a listing of accounts
payable creditor balances (from the corrected accounts payable subsidiary ledger).
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