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After Bunker Hill Assay Services Inc. had completed all postings for March in the current year (20Y4), the sum of the balances in the following accounts payable ledger did not agree with the $36,600 balance of the controlling account in the general ledger: NAME ADDRESS CD. Greer and Son 972 5. Tenth Street Post. Credit Date Item Ref. Debit Balance 20Y4 Mar. 17 Рзо 3,750 3,750 P31 27 12,000 15,750 NAME ADDRESS Carbon Supples Inc 1170 Mattis Avenue Post. Ref. Balance Date Item Debit Credit 20Y4 Mar. Balance 8,300 P30 7,000 14,000 J7 12 300 13,700 CP23 20 5,800 7,900 NAME Cutler and Powell 717 Em Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Υ4 Mar. Balance 6,100 CP23 18 6,100 P31 29 7,800 7,800 NAME ADDRESS Hudson Bay Minerals Co. 1240 W. Maln Street Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. Balance 4,750 CP22 10 4,750 P30 17 3,700 3,700 J7 25 3,000 1,700 NAME Valley Power 915 E Wainut Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. 5 P30 3,150 3,150 Assuming that the controlling account balance of $36,600 has been verified as correct, (a) determine the error(s) in the preceding accounts and (b) prepare a listing of accounts payable creditor balances (from the corrected accounts payable subsidiary ledger).

After Bunker Hill Assay Services Inc. had completed all postings for March in the current year (20Y4), the sum of the balances in the following accounts payable ledger did not agree with the $36,600 balance of the controlling account in the general ledger: NAME ADDRESS CD. Greer and Son 972 5. Tenth Street Post. Credit Date Item Ref. Debit Balance 20Y4 Mar. 17 Рзо 3,750 3,750 P31 27 12,000 15,750 NAME ADDRESS Carbon Supples Inc 1170 Mattis Avenue Post. Ref. Balance Date Item Debit Credit 20Y4 Mar. Balance 8,300 P30 7,000 14,000 J7 12 300 13,700 CP23 20 5,800 7,900 NAME Cutler and Powell 717 Em Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Υ4 Mar. Balance 6,100 CP23 18 6,100 P31 29 7,800 7,800 NAME ADDRESS Hudson Bay Minerals Co. 1240 W. Maln Street Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. Balance 4,750 CP22 10 4,750 P30 17 3,700 3,700 J7 25 3,000 1,700 NAME Valley Power 915 E Wainut Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. 5 P30 3,150 3,150 Assuming that the controlling account balance of $36,600 has been verified as correct, (a) determine the error(s) in the preceding accounts and (b) prepare a listing of accounts payable creditor balances (from the corrected accounts payable subsidiary ledger).

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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After Bunker Hill Assay Services Inc. had completed all postings for March in the current year (20Y4), the sum of the balances in the following accounts payable ledger did not agree with the $36,600 balance of the controlling account in the general ledger: NAME ADDRESS CD. Greer and Son 972 5. Tenth Street Post. Credit Date Item Ref. Debit Balance 20Y4 Mar. 17 Рзо 3,750 3,750 P31 27 12,000 15,750 NAME ADDRESS Carbon Supples Inc 1170 Mattis Avenue Post. Ref. Balance Date Item Debit Credit 20Y4 Mar. Balance 8,300 P30 7,000 14,000 J7 12 300 13,700 CP23 20 5,800 7,900 NAME Cutler and Powell 717 Em Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Υ4 Mar. Balance 6,100 CP23 18 6,100 P31 29 7,800 7,800 NAME ADDRESS Hudson Bay Minerals Co. 1240 W. Maln Street Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. Balance 4,750 CP22 10 4,750 P30 17 3,700 3,700 J7 25 3,000 1,700 NAME Valley Power 915 E Wainut Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. 5 P30 3,150 3,150 Assuming that the controlling account balance of $36,600 has been verified as correct, (a) determine the error(s) in the preceding accounts and (b) prepare a listing of accounts payable creditor balances (from the corrected accounts payable subsidiary ledger).
Transcribed Image Text:After Bunker Hill Assay Services Inc. had completed all postings for March in the current year (20Y4), the sum of the balances in the following accounts payable ledger did not agree with the $36,600 balance of the controlling account in the general ledger: NAME ADDRESS CD. Greer and Son 972 5. Tenth Street Post. Credit Date Item Ref. Debit Balance 20Y4 Mar. 17 Рзо 3,750 3,750 P31 27 12,000 15,750 NAME ADDRESS Carbon Supples Inc 1170 Mattis Avenue Post. Ref. Balance Date Item Debit Credit 20Y4 Mar. Balance 8,300 P30 7,000 14,000 J7 12 300 13,700 CP23 20 5,800 7,900 NAME Cutler and Powell 717 Em Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Υ4 Mar. Balance 6,100 CP23 18 6,100 P31 29 7,800 7,800 NAME ADDRESS Hudson Bay Minerals Co. 1240 W. Maln Street Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. Balance 4,750 CP22 10 4,750 P30 17 3,700 3,700 J7 25 3,000 1,700 NAME Valley Power 915 E Wainut Street ADDRESS Post. Ref. Date Item Debit Credit Balance 20Y4 Mar. 5 P30 3,150 3,150 Assuming that the controlling account balance of $36,600 has been verified as correct, (a) determine the error(s) in the preceding accounts and (b) prepare a listing of accounts payable creditor balances (from the corrected accounts payable subsidiary ledger).
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