Question

Error in Accounts Payable Subsidiary Ledger After Bunker Hill Assay Services Inc. had completed all postings for March in the current year (2016), the sum of the balances in the following accounts payable ledger did not agree with the $37,600 balance of the controlling account in the general ledger. NAME C. D. Greer and Son ADDRESS 972 S. Tenth Street Date Item Post. Ref. Debit Credit Balance 2016 Mar. 17 P30 3,750 3,750 Mar. 27 P31 12,000 15,750 NAME Carbon Supplies Inc. ADDRESS 1170 Mattis Avenue Date Item Post. Ref. Debit Credit Balance 2016 Mar. 1 Balance 8,300 Mar. 9 P30 7,000 14,000 Mar. 12 J7 300 13,700 Mar. 20 CP23 5,800 7,900 NAME Cutler and Powell ADDRESS 717 Elm Street Date Item Post. Ref. Debit Credit Balance 2016 Mar. 1 Balance 6,100 Mar. 18 CP23 6,100 — Mar. 29 P31 7,800 7,800 NAME Hudson Bay Minerals Co. ADDRESS 1240 W. Main Street Date Item Post. Ref. Debit Credit Balance 2016 Mar. 1 Balance 4,750 Mar. 10 CP22 4,750 — Mar. 17 P30 3,700 3,700 Mar. 25 J7 3,000 1,700 NAME Valley Power ADDRESS 915 E. Walnut Street Date Item Post. Ref. Debit Credit Balance 2016 Mar. 5 P30 3,150 3,150 a. Assume that the controlling account balance of $36,600 has been verified as correct. Select the statement below that is incorrect. The Carbon Supplies Inc. account balance at March 12 should have been $15,300 instead of $13,700.