Determine the balances that appear in the accounts payable subsidiary ledger. What Accounts Payable…
Presented below is information related to Sims Company for its first month of operations. Determine the balances that appear in the accounts payable subsidiary ledger. What Accounts Payable balance appears in the general ledger at the end of January?
Credit Purchases
Cash Paid
Jan. 5
Devon Co.
$11,000
Jan. 9
Devon Co.
$7,000
11
Shelby Co.
7,000
14
Shelby Co.
2,000
22
Taylor Co.
14,000
27
Taylor Co.
9,000
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