Aca Pool Co

$.$ owes Deakin Pool Supplies $$5,100$ and Major Pool Supplies $$9,000.$ Instead of having these two payable accounts in its general ledger, Aca Pool Co$.$ wants to move the accounts to a subsidiary ledger and substitute a single control account in the general ledger to represent the removed accounts.

Required:

Illustrate what the general ledger would look like before establishing a control account and a subsidiary ledger. Also show what the general ledger and subsidiary ledger would look like after the control account and subsidiary ledger have been created.

Answer rating: 100% (QA)

Before establishing a control account and a subsidiary ledger ... View the full answer