After Shaw Company Had Completed All Posting for the Month

question 48

Essay

After Shaw Company had completed all posting for the month of December, the sum of the balances in the following accounts payable subsidiary ledger did not agree with the balance of the control account in the general ledger.
The balance in the Accounts Payable control account of $37,180 has been verified as correct. Also assume that the journals references in the Post Ref. columns of the accounts payable subsidiary ledger have been verified as correct.
Instructions
Determine the errors in the preceding accounts payable subsidiary accounts and prepare a corrected schedule of accounts payable.

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Definitions:

Communication Gap

A situation where there is a failure in properly exchanging information, leading to misunderstandings or conflicts.

Line Managers

Individuals in an organization who are directly responsible for managing employees and operations, often overseeing a specific department or area.

Scenario Planning

Planning that identifies alternative future scenarios and makes plans to deal with each.

Royal Dutch/Shell

A global group of energy and petrochemical companies, known for its innovations in oil and gas exploration.