Pennington Company has a balance in its Accounts Payable control account of $8,220 o
Pennington Company has a balance in its Accounts Payable control account of $8,220 on January 1, 2017. The subsidiary ledger contains three accounts: Hale Company, balance $2,900; Janish Company, balance $1,500; and Valdez Company. During January, the following payable-related transactions occurred.
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|
Purchases |
|
Payments |
|
Returns |
| Hale Company |
|
$6,770 |
|
$5,540 |
|
$ 0 |
| Janish Company |
|
5,290 |
|
1,500 |
|
2,940 |
| Valdez Company |
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6,655 |
|
6,570 |
|
0 |
|
|
|
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[TD]What is the January 1 balance in the Valdez Company subsidiary account?
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What is the January 1 balance in the Valdez Company subsidiary account?
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