If the Individual Subsidiary Ledger Accounts Contained the Following Data:Cadence

question 98

Multiple Choice

If the individual subsidiary ledger accounts contained the following data:Cadence Company, Vendor, $200, credit balanceFranklin Enterprises, Customer, $750, debit balanceMarcelo Construction, Client, $125, debit balancePeyton Supplies, Supplier, $375, credit balance​The accounts receivable (A/R) control account and the accounts payable
(A/P) control account balances would be

• A) A/R, $1,375; A/P, $375
• B) A/R, $525; A/P, $175
• C) A/R, $875; A/P, $575
• D) A/R, $750; A/P, $700

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Definitions:

Nucleophilic Addition

A fundamental type of reaction in organic chemistry where a nucleophile forms a bond with an electrophile, typically resulting in the addition of the nucleophile to a carbon atom.

Carbonyl Group

A functional group composed of a carbon atom double-bonded to an oxygen atom (C=O), central to many organic reactions.

Nucleophilic Addition

A chemical reaction in which a nucleophile forms a bond with a carbon atom of an unsaturated compound.

Carbonyl Compounds

Organic compounds that contain a carbonyl group (C=O) as part of their structure, including ketones, aldehydes, carboxylic acids, and amides.