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.
N:\tech\notes\accounts payable\Reconcile AP to GL.doc Month End reconciliation between General Ledger and Accounts Payable is highly recommended. If AP is interfaced toGeneral Ledger, verifying the balance between the two applications is usually done through comparing account balances of theliability (A/P) account. good too to use is the Month End Reconciliation Worksheet found at the end of this section.The balance of the General Ledger liability account for accounts payable can be found on the Trial balance report, the GeneralLedger report or through Inquiry, Account Activity.