Zeta issued a statement to one of its customers, Portofino Co for the month of July 20X4. At
31 July 20X4, the payable ledger account for Zeta maintained by Portofino Co had a balance
of $7,672. A review of Portofino Co’s payable ledger account for Zeta and the supplier statement
revealed the following differences:
1 Portofino Co had not yet recorded a purchase invoice from Zeta for goods which cost
$435.
2 Portofino Co made an automated payment of $1,506 on 30 July 20X4 which was not
recorded on the statement.
What was the closing balance on the statement issued by Zeta?
A $9,178
B $5,731
C $9,613
D $6,601
Please what is the correct answer? The answers say 8107, but that is not an option. Is that the right answer?
1y ago#1The balance in Portofino's books as owing to Z is 7672 + 435 =8107
However, given that the statement issued by Zeta does not show the 1506 paid by Portofino, the statement will show a balance of 8107 + 1506 =9 613 (which is answer C)
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