One of the Supplier Accounts from the Accounts Payable Ledger

question 29

Essay

One of the supplier accounts from the accounts payable ledger for Thompson Consulting Services is shown below. Explain each of the entries that have been posted to this supplier's subsidiary ledger account.

---

Definitions:

Prototype

A prototype is an early sample, model, or release of a product built to test a concept or process, serving as a typical example of a category or initial design to be replicated or improved upon.

Attributes

Qualities or features regarded as characteristic or inherent parts of something or someone.

Tolman's View

An approach in psychology proposed by Edward C. Tolman that emphasizes the role of cognition and purposive behavior in understanding learning.

Learning

A relatively permanent change in behavior potential that occurs as a result of experience.