If the individual subsidiary ledger accounts contained the following data:
Cadence Company, Vendor, $200, credit balance
Franklin Enterprises, Customer , $750, debit balance
Marcelo Construction, Client, $125, debit balance
Peyton Supplies, Supplier, $375, credit balance
The accounts receivable (A/R) control account and the accounts payable (A/P) control account balances would be:

A/R, $875; A/P, $575

A/R, $750; A/P, $700

A/R, $1,375; A/P, $375

A/R, $525; A/P, $175

Answer rating: 100% (QA)

AR 875 AP 575 Explanation The accounts receivable account is the accoun... View the full answer