At 1 April 20X9, the payables ledger control account showed a balance of $142,320. At the end of April the following totals are extracted from the subsidiary books for April: $ Purchases day book 183,800 Returns outwards day book 27,490 Returns inwards day book 13,240 Payments to payables, after deducting $1,430 cash discount 196,360 It is also discovered that: (a) The purchase day book figure is net of sales tax at 17.5%; the other figures all include sales tax. (b)
A、customer's balance of $2,420 has been offset against his balance of $3,650 in the payables ledger. (c)
A、supplier's account in the payables ledger, with a debit balance of $800, has been included on the list of payables as a credit balance What is the corrected balance on the payables ledger control account?
A、$130,585
B、$144,835
C、$98,429
D、$128,985
A、customer's balance of $2,420 has been offset against his balance of $3,650 in the payables ledger. (c)
A、supplier's account in the payables ledger, with a debit balance of $800, has been included on the list of payables as a credit balance What is the corrected balance on the payables ledger control account?
A、$130,585
B、$144,835
C、$98,429
D、$128,985
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