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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

SCHEDULE OF ACCOUNTS PAYABLE Based on the information provided in Problem 11-11B, prepare a schedule of accounts payable for Debbie’s Doll House as of July 31, 20--. Verify that the accounts payable account balance in the general ledger agrees with the schedule of accounts payable total.

To determine

Prepare accounts payable schedule for DD House as at July 31, 20--.

Explanation

Schedule of accounts payable: This is the schedule which is prepared to verify that the total balances of all the suppliers in the accounts payable ledger, equals the balance of Accounts Payable in the general ledger.

Prepare accounts payable schedule for DD House as at July 31, 20--.

DD House
Schedule of Accounts Payable
July 31, 20--
C Products$3,200
Company J2,970
T Toys1,430
Total$7,600

Table (1)

Working Notes:

Prepare the supplier accounts in accounts payable ledger.

NAME         C Products
ADDRESS
DateItemPost. Ref.Debit ($)Credit ($)Balance ($)
July25 J16 3,2003,200

Table (2)

NAME         D Merchants
ADDRESS
DateItemPost. Ref...

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