Balance off the general ledger accounts and the receivables and payables ledger accounts. Demonstrate that the balance on the receivables control account agrees with the total of the balances on the personal accounts in the receivables ledger. Do the same for the payables control account and the personal accounts in the payables ledger. Show all relevant details for all T-accounts.

Accounts Receivable
Accounts title	Debit	Credit	Balance
Sage	16000	8,500	7,500
	6,000		6,000
Parsley	32,250		32,250
Dill	23,750	23,750	0
Sage	10,000		10,000
Total			55,750
Accounts Payable
Accounts title	Debit	Credit	Balance
Apple	2,500	11,111	8,611
		9,500	9,500
Pear	29,389	29,389
Total			18,111

Answer rating: 100% (QA)

Answer Accounts Receivable Accounts Title Debit Credit Balance Sage 16000 8500 750... View the full answer