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After Bunker Hill Assay Services Inc. had completed all postings for March in the current year 20Y4 the sum of the balances in the following accounts payable ledger did not agree

After Bunker Hill Assay Services Inc. had completed all postings for March in the current year (20Y4), the sum of the balances in the following accounts payable ledger did not agree with the $36,600 balance of the controlling account in the general ledger:

Assuming that the controlling account balance of $36,600 has been verified as correct, determine the error(s) in the preceding accounts.

 

Here is a tip:

The bookkeeper should be careful in calculating the running balance for every transaction. There should be a check and balance in place to ensure that the reporting is always accurate.

Apr 12 2021 View more View Less

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