Reconciling a control account and a subsidiary ledger Hannas Homeware bought merchandise from three suppliers during September

Question:

Reconciling a control account and a subsidiary ledger Hanna’s Homeware bought merchandise from three suppliers during September on credit, as shown in the Accounts Payable Control account on the next page. image text in transcribed

Required

(a) Determine the missing amount (?) in the control account and insert the correct posting reference in the Post Ref. Column.

(b) Determine the ending balance in the account of O. Oldfield.

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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Question Posted: Apr 13, 2024 11:01 PM

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Reconciling a control account and a subsidiary ledger Hannas Homeware bought merchandise from three suppliers during September

Question:

Date Explanation 1/9 Balance General Ledger Accounts Payable Control 6/9 10/9 14/9 30/9 30/9 Post Ref Debit Credit Balance 14680 1222 165 14845 310 15155 585 14570 7 800 ? 22 370 5425 Subsidiary Ledger G. Grocke 30/9 Bal. 1580 C. Cooper 30/9 Bal. 2710 O. Oldfield 30/9 Bal. ?

Step by Step Answer:

a Missing amount in the control account is 16 945 22 370 5425 Th...View the full answer

Accounting

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