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Schedule of Accounts Payable a. What information does the schedule of accounts payable
Chapter 17, Problem 6(choose chapter or problem)
Schedule of Accounts Payable
a. What information does the schedule of accounts payable include?
b. With what account in the general ledger must the total of the schedule of accounts payable agree when proving the accounts payable subsidiary ledger?
Questions & Answers
QUESTION:
Schedule of Accounts Payable
a. What information does the schedule of accounts payable include?
b. With what account in the general ledger must the total of the schedule of accounts payable agree when proving the accounts payable subsidiary ledger?
ANSWER:Step 1 of 3
Accounts payable refers to the amount due and owed by the firm from the suppliers and vendors. The total amount outstanding is recorded as accounts payable in the balance of the company.