Question
Carla Vista Company has a balance in its Accounts Payable control account of $8,470 on January 1, 2020. The subsidiary ledger contains three accounts: Hale
Carla Vista Company has a balance in its Accounts Payable control account of $8,470 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,710; Janish Company, balance $1,640; and Valdez Company. During January, the following payable-related transactions occurred.
| Purchases | Payments | Returns | ||||
| Hale Company | $6,520 | $6,280 | $ 0 | |||
| Janish Company | 4,950 | 1,640 | 2,820 | |||
| Valdez Company | 6,075 | 6,180 | 0 |
What is the January 31 balance in the control account?
| Balance in the control account $ |
|
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
