Solved: What amount should valley report in its statement of, Finance Basics

+44 141 628 6080
[email protected]

What amount should valley report in its statement of

The total of the list of balances in Valley's payables ledger was $438,900 at 30 June 20X6. This balance did not agree with Valley's payables ledger control account balance. The following errors were discovered:

(1) A contra entry of $980 was recorded in the payables ledger control account, but not in the payables ledger.

(2) The total of the purchase returns daybook was undercast by $1,000.

(3) An invoice for $4,344 was posted to the supplier's account as $4,434.

What amount should Valley report in its statement of financial position for accounts payable at 30 June 20X6?

A $436,830

B $438,010

C $439,790

D $437,830

View Complete Question

Solution Preview :

Prepared by a verified Expert

Finance Basics: What amount should valley report in its statement of

Reference No:- TGS01417675

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Nurse planning care for a client experiencing agnosia

The nurse is planning care for a client experiencing agnosia secondary to a CVA. Which collaborative intervention will be included in the plan of care?

Discuss criteria for establishing the dri

Select all of the following that are criteria for establishing the DRI's The specific amount of organic vegetables needed daily.

What the recommended daily intake of sodium for most people

Question: According to the 2015 Dietary Guidelines, what is the recommended daily intake of sodium for most people?

Which is not beneficial to improving sleep

Question: Which of the following is not beneficial to improving sleep?

Nurse is planning care for client who has dementia

A nurse is planning care for an older adult client who has dementia. Which of the following interventions should the nurse include in the plan of care?

Which electronic medical record triaged as emergent care

The healthcare provider must document the following in the electronic medical record Triaged as emergent care and contacted the advocate Sexual Assault Medica

What if client diagnosed with a closed head injury

The client diagnosed with a closed head injury has clear fluid draining from the nose. Which action should the nurse implement first?

Solution Preview :

Prepared by a verified Expert

Finance Basics: What amount should valley report in its statement of

Reference No:- TGS01417675

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : A share of stock just paid a dividend of 19 with an

Q : Discuss the structure and the functions of the

Q : Once you are done reading the book write a paper no more

Q : What figure should appear in the income statement for the

Q : What amount should valley report in its statement of

Q : Write clearly and concisely about business ethics using

Q : Prepare an outline minimum 300 words about benjamin

Q : Assume you will build a portfolio consisting of one share

Q : With the new expansion coopertons dividends are expected to