After Bunker Hill Assay Services Inc. had completed all postings for March in the current year (2016),

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After Bunker Hill Assay Services Inc. had completed all postings for March in the current year (2016), the sum of the balances in the following accounts payable ledger did not agree with the $37,600 balance of the controlling account in the general ledger:
After Bunker Hill Assay Services Inc. had completed all postings

Assuming that the controlling account balance of $36,600 has been verified as correct,
(a) Determine the error(s) in the preceding accounts
(b) Prepare a listing of accounts payable creditor balances (from the corrected accounts payable subsidiary ledger).

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Accounting

ISBN: 978-1285743615

26th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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