On Monday, April 10, 2017, starting at 6:30 pm, at the Wallingford Town Hall, 75 School Street, Wallingford, the DRB will convene a Special Meeting to continue a Deliberative Session on Application 17-04 by MT Associates, dba Midway Oil Corp., for an illuminated wall sign.
In turn, the general ledger accounts receivable control account reflects the sum of the transactions in the subsidiary ledger, or a debit balance of $20,000. The accounts payable subsidiary ledger contains the accounts of each vendor that makes credit sales to the company. The sum of all vendor account balances in the accounts payable subsidiary ledger is equal to the balance of the general ledger accounts payable control account.
Accounts payable - (generally due in 30 days) balance owed to others for goods or services purchased on an open account. 2. Notes payable - (legal contract 1 year max) written promises to pay a certain sum of money on a specific future date (with interest) a. trade notes - for the purchase of goods and services. b. short-term notes - short-term borrowing of cash. 3. current maturities of long term debt - (due within one year)