Assume the following account balances at January 1, 2019, for Bioplast Jewelry, Inc.: Accounts Payable (control account) $ 6,600 Accounts Payable—Evans Enterprises 1,600 Accounts Payable—Stamos Distributors 3,100 Accounts Payable—Tonetta Company 1,900 GENERAL JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT 2019 Jan. 8 Accounts Payable/Stamos Distributors 300 Cash 300 Made partial payment on account, Check 1240 10 Accounts Payable/Evans Enterprises 200 Purchases Returns and Allowances 200 Received Credit Memorandum 123 as allowance for discolored merchandise Use the final balances of the vendor accounts to prepare a schedule of accounts payable for Bioplast Jewelry, Inc., as of January 31, 2019. Does the total of your accounts payable schedule agree with the balance of the accounts payable account in the general ledger at January 31, 2019?

A. $6,100

B. Yes

Explanation:

A. Preparation of a schedule of accounts payable for Bioplast Jewelry, Inc., as of January 31, 2019 Using the final balances of the vendor accounts to

Accounts Payable—Evans Enterprises $1,400

( 1,600-$200)

Accounts Payable—Stamos Distributors $2,800

(3,100-$300)

Accounts Payable—Tonetta Company 1,900

Total $6,100

($1,400+$2,800+$1,900)

B. Yes based on the above Calculation, the total of The accounts payable schedule agree with the balance of the accounts payable account

reason been that each of the vendor account balance will the close Accounts Payable (control account).

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answer; by looking at total product,marginal product,and changes in both after changes in inputs