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Assume the following account balances at January 1, 20X1, for Bioplast Jewelry, Inc.: Accounts Payable (control account) Accounts Payable-Evans Enterprises Accounts Payable-Stanos Distributors Accounts Payable-Tonetta Company GENERAL JOURNAL $12,300 3,500 5,000 3,800 DATE 20x1 Jan, 8 Accounts Payable/Stamos Distributors Cash Made partial payment on account, Check 1240 DESCRIPTION 10 Accounts Payable/Evans Enterprises Purchases Returns and Allowances Received Credit Memorandum 123 as allowance for discolored merchandise POST. REF. DEBIT CREDIT 490 390 490 390 Required: 1. Use the final balances of the vendor accounts to prepare a schedule of accounts payable for Bioplast Jewelry, Inc., as of January 31, 20X1. Camalate this action hu antarinn unir aneware in the take holow 2. Does the total of your accounts payable schedule agree with the balance of the Accounts Payable account in the general ledger at January 31, 20X1?

Assume the following account balances at January 1, 20X1, for Bioplast Jewelry, Inc.: Accounts Payable (control account) Accounts Payable-Evans Enterprises Accounts Payable-Stanos Distributors Accounts Payable-Tonetta Company GENERAL JOURNAL $12,300 3,500 5,000 3,800 DATE 20x1 Jan, 8 Accounts Payable/Stamos Distributors Cash Made partial payment on account, Check 1240 DESCRIPTION 10 Accounts Payable/Evans Enterprises Purchases Returns and Allowances Received Credit Memorandum 123 as allowance for discolored merchandise POST. REF. DEBIT CREDIT 490 390 490 390 Required: 1. Use the final balances of the vendor accounts to prepare a schedule of accounts payable for Bioplast Jewelry, Inc., as of January 31, 20X1. Camalate this action hu antarinn unir aneware in the take holow 2. Does the total of your accounts payable schedule agree with the balance of the Accounts Payable account in the general ledger at January 31, 20X1?

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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Assume the following account balances at January 1, 20x1, for Bioplast Jewelry, Inc.: Accounts Payable (control account) Accounts Payable-Evans Enterprises Accounts Payable-Stanos Distributors Accounts Payable-Tonetta Company GENERAL JOURNAL DATE 20x1 Jan. 8 Accounts Payable/Stamos Distributors Cash DESCRIPTION $12,300 3,500 5,000 3,800 Made partial payment on account, Check 1240 10 Accounts Payable/Evans Enterprises Purchases Returns and Allowances Received Credit Memorandum 123 as allowance for discolored merchandise POST. REF. DEBIT CREDIT 490 390 490 390 Required: 1. Use the final balances of the vendor accounts to prepare a schedule of accounts payable for Bioplast Jewelry, Inc., as of January 31, 20X1. Camlata thie natinn hu antarinn unir aneware in the tahe halow 2. Does the total of your accounts payable schedule agree with the balance of the Accounts Payable account in the general ledger at January 31, 20X1?
Transcribed Image Text:Assume the following account balances at January 1, 20x1, for Bioplast Jewelry, Inc.: Accounts Payable (control account) Accounts Payable-Evans Enterprises Accounts Payable-Stanos Distributors Accounts Payable-Tonetta Company GENERAL JOURNAL DATE 20x1 Jan. 8 Accounts Payable/Stamos Distributors Cash DESCRIPTION $12,300 3,500 5,000 3,800 Made partial payment on account, Check 1240 10 Accounts Payable/Evans Enterprises Purchases Returns and Allowances Received Credit Memorandum 123 as allowance for discolored merchandise POST. REF. DEBIT CREDIT 490 390 490 390 Required: 1. Use the final balances of the vendor accounts to prepare a schedule of accounts payable for Bioplast Jewelry, Inc., as of January 31, 20X1. Camlata thie natinn hu antarinn unir aneware in the tahe halow 2. Does the total of your accounts payable schedule agree with the balance of the Accounts Payable account in the general ledger at January 31, 20X1?
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