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Exercise 7-05 a-d (Part Level Submission) Cullumber Company has a balance in its Accounts Payable control account of $8.690 o

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Answer #1
Hale Company- Account payable
Cash(payment) $5,670 Opening balance $2,870
Purchases $7,230
Ending balance(balancing figure) $4,430
$10,100 $10,100
Janish company - Account payable
Cash(payment) $1,840 Opening balance $1,840
Purchase returns $2,870 Purchase $5,280
Ending balance(balancing figure) $2,410
$7,120 $7,120
Valdez Company- Account payable
Cash(payment) $6,160 Opening balance $3,980 (8690-2870-1840)
Purchase $6,745
Ending balance(balancing figure) $4,565
$10,725 $10,725
hence balance in Account payables control ledger at end of Jan. = $11,405
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