Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,550; Janish Company, balance $1,580; and Valdez Company. During January, the following payable-related transactions occurred.
What is the January 1 balance in the Freeze Company subsidiary account?
What is the January 31 balance in the control account?
Balances in the subsidiary accounts Bixler $ Cuddyer $ Freeze$
Which January transaction would not be recorded in a special journal?
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Ответ:
Complete question:
Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,550; Janish Company, balance $1,580; and Valdez Company. During January, the following payable-related transactions occurred.
Purchases Payments Returns
Hale Company $6,529 $5,972 $ -0-
Janish Company 5,066 2,087 2,215
Valdez Company 6,647 6,790 -0-
What is the January 1 balance in the Freeze Company subsidiary account?
What is the January 31 balance in the control account?
Balances in the subsidiary accounts Bixler $ Cuddyer $ Freeze$
Which January transaction would not be recorded in a special journal?
Solution:
What is the January 1 balance in the Freeze Company subsidiary account?
8,170 - 2,550 - 1,580 = 4040
What is the January 31 balance in the control account?
8,170 + 6,529 + 5,066 + 6,647 - 5,972 - 2,087 - 6,790 - 2,215 = 1,995
Compute the balances in the subsidiary accounts at the end of the month.
Hale 2,550 + 6,529 - 5,972 = 3,107
Janish 1,580 + 5,066 - 2,087 - 2,215 = 2,344
Valdez 4040 + 6,647 - 6,790 = 3,897
Which January transaction would not be recorded in a special journal?
Returns Purchases Payments
The purchase return for Brown of $2,215
Ответ:
C. Happiness
Explanation:
I took a quiz with this question and C. as my answer and got it correct.