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What is the ending balance within the accounts payable

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Question - Within the accounts payable ledger of The Shoe Closet, a retail store, there are accounts for a number of suppliers as of the end of October, 20X1. One of these, Leather Sourcing, displays a beginning balance of $8,700, a purchase invoice for $4,900 on 10/5, a purchase invoice of $5,800 on 10/9, a credit memorandum of $1,200 on 10/17, a credit memorandum of $4,200 on 10/22, and a purchase invoice of $1,200 on 10/30. What is the ending balance within the accounts payable ledger account of Leather Sourcing on 10/31? What is the ending balance?

Reference no: EM132886707

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