A company has four vendors and the accounts payable subsidiary ledger shows the following balances. $$\begin{array} { | l | r | }
\hline \text { Alpha } & \$ 278,821 \
\hline \text { Beta } & 157,474 \
\hline \text { Gamma } & 83,943 \
\hline \text { Delta } & 44,187 \
\hline
\end{array}$$ Calculate the accounts payable balance in the general ledger.
A)$436,295
B)$564,425
C)$278,821
D)$285,604

Question

A company has four vendors and the accounts payable subsidiary ledger shows the following balances. $$\begin{array} { | l | r | } 
\hline \text { Alpha } & \$ 278,821 \
\hline \text { Beta } & 157,474 \
\hline \text { Gamma } & 83,943 \
\hline \text { Delta } & 44,187 \
\hline
\end{array}$$ Calculate the accounts payable balance in the general ledger.
A)$436,295
B)$564,425
C)$278,821
D)$285,604

Quizplus · Accepted Answer

To calculate the accounts payable balance in the general ledger, we must add up the balances shown in the subsidiary ledger. 
$123,650 + $189,270 + $132,100 + $119,405 = $564,425. Therefore, the correct answer is B.

A Company Has Four Vendors and the Accounts Payable Subsidiary