What term is used for a list detailing the names of individuals and the amounts of money owed to them?

The correct term for a list detailing the names of individuals and the amounts of money owed to them is a "Ledger." A ledger is a comprehensive record used in accounting that maintains the financial transactions of a business, including accounts payable. It provides a clear overview of all debts owed, which allows for effective tracking and management of financial obligations.

The other terms serve different functions: a balance sheet shows a company's financial position at a specific point in time, capturing assets, liabilities, and equity; an invoice is a document issued by a seller to a buyer, detailing the products sold or services rendered and requesting payment; and payroll refers to the process of paying employees for their work, detailing their earnings, deductions, and net pay. While these concepts are interconnected in financial management, the ledger is specifically focused on recording and organizing amounts owed to various creditors.