What accounts payable balance appears in the general ledger

Assignment Help Financial Accounting
Reference no: EM13513245

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

 

Reference no: EM13513245

Questions Cloud

How much is the stand compressed by the statue : A 3440 kg statue is supported by a glass stand. The cross-section of the stand is square, 0.15 m to a side. Before the statue was placed on the stand, How much is the stand compressed by the statue
How many women-children were working with the constructor : A contractor had employed 100 labourers for a flyover construction task. He did not allow any woman to work without her husband. Also, atleast half the men working came with their wives. He paid five rupees per day to each man, four ruppes to each wo..
What is the angular frequency of the motion : A person goes up and down in simple harmonic motion while standing on a trampoline. The amplitude is 0.125 m and it takes 1.3 s to complete one oscillation. What is the angular frequency of the motion
Discuss four methods of valuing stock : Discuss FOUR methods of valuing stock and distinguish between „Cost? and „Net realizable value?.
What accounts payable balance appears in the general ledger : 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?
Define what percentage of the steam-distillate is limonene : Limonene (MW 136) is a pleasant smelling liquid found in lemon and orange peels. The bp of limonene is 175, but it co-distills with water at 97.5. If the vapor pressure of water at 97.5 is 690 mm Hg, what percentage of the steam-distillate is limo..
How much time does he take to travel from home to church : A person travels on a cycle from home to church on a straight road with wind against him. He took 4 hours to reach there. On the way back to the home, he took 3 hours to reach as wind was in the same direction. If there is no wind, how much time does..
Briefly explain the major errors : What do you understand by the statement in quote above - Briefly explain the five major errors that do not affect the balancing of the Trial Balance.
Determine the value of the company inventory : Determine the value of the company's inventory under the lower-of-cost-ormarket approach.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd