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Category > Accounting Posted 25 Sep 2017 My Price 6.00

Zoe Washburne Company

Zoe Washburne Company has a balance in its Accounts Payable control account of $7,858 on January 1, 2012. The subsidiary ledger contains three accounts: Gina Company, balance $3,248; Torres Company, balance $1,625; and Wankum Company. During January, the following payable-related transactions occurred

 

  Purchases Payments
Returns
Gina Company
$6,441
$5,689
$ -0-
Torres Company
5,617
1,625
2,461
Wankum Company
6,772
6,453
-0-


Instructions

  1. What is the January 1 balance in the Wankum Company subsidiary account?
    $

     

  2. What is the January 31 balance in the control account?
    $

     

  3. Compute the balances in the subsidiary accounts at the end of the month.
    Gina
    		 $
    Torres
    		 $
    Wankum
    		 $

     

  4. Which January transaction would not be recorded in a special journal?

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Sep 2017 02:09 PM My Price 6.00

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