After Artie Company Had Completed All Posting for the Month

question 66

Essay

After Artie 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 $37,380 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:

Redundancy

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Independence

The state or quality of being autonomous; free from external control or influence.

Master Data Management

A method of managing the organization's critical data to ensure consistency, accuracy, stewardship, and accountability across multiple systems and entities.

Data Governance

The management of data availability, usability, integrity, and security in an organization.