The accountant at Borris Co has prepared the following reconciliation between the balance on the trade payables ledger control account in the general ledger and the list of balances from the suppliers ledger: $ Balance on general ledger control account 68,566 Credit balance omitted from list of balances from payables ledger (127) 68,439 Undercasting of purchases day book 99 Total of list of balances 68,538 What balance should be reported on Borris Co’s statement of financial position for trade payables?

College Accounting (Book Only): A Career Approach
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Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 7QY: The schedule of accounts payable lists each creditors account balance, and the total equals the...
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The accountant at Borris Co has prepared the following reconciliation between the balance on the trade

payables ledger control account in the general ledger and the list of balances from the suppliers ledger:

$

Balance on general ledger control account 68,566

Credit balance omitted from list of balances from payables ledger (127)

68,439

Undercasting of purchases day book 99

Total of list of balances 68,538

What balance should be reported on Borris Co’s statement of financial position for trade payables?

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