Accounting · Payables Ledger Reconciliation
Lecce Co received a statement dated 30 September 20X5 from one of its suppliers, Rho, showing a balance due of $7,278. Upon reviewing the payables ledger account and the supplier statement, the following differences were identified: 1. A contra of $2,471 recently agreed with Rho was not recorded on the statement from Rho. 2. Lecce Co had not recorded a credit note issued by Rho on 29 September for $832. What is the payables ledger account balance at 30 September 20X5 for Rho as maintained by Lecce Co?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$3,975✓
- 2$4,807
- 3$6,446
- 4$3,168
Correct answer
$3,975
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