Practice Q 2/10

Presented below is information related to Ivanhoe Company for its first month of operations.

Credit Purchases						Cash Paid
Jan. 06		Gorst Company		$8,000		Jan. 11		Gorst Company		$6,500
Jan. 10		Tian Company		11,600		Jan. 16		Tian Company		11,600
Jan. 23		Maddox Company		11,700		Jan. 29		Maddox Company		6,200

Determine the balances that appear in the accounts payable subsidiary ledger. What Accounts Payable balance appears in the general ledger at the end of January?

		Subsidary Ledger						General Ledger
		Gorst Company		Tian Company		Maddox Company
Balance of Accounts Payable		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount