[abhinavsmurali007]

The total of the list of balances in valley’s payable ledger was $438900 at 30 June 2016. This balance did not agree with valley’s payables control account balance. The following errors were discovered.

1- A contra entry of $980 was recorded in the payables ledger control account, but not in the payables ledger.

2- The total of the purchase returns daybook was undercast by $1000

3- An invoice for$4344 was posted to the suppliers account as $4434

What amount should valley report in its statement of financial position for accounts payable at 30 June 20X6?

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