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Compute the balances in the subsidiary accounts at the end of the month. The balances in the subsidiary accounts at the end of the month
Compute the balances in the subsidiary accounts at the end of the month. The balances in the subsidiary accounts at the end of the month Hale Janish Valdez LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER Exercise 7-5 (Part Level Submission) Pennington Company has a balance in its Accounts Payable control account of $8,210 on January 1, 2017. The subsidiary ledger contains three accounts: Hale Company, balance $2,790; Janish Company, balance $1,570; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases Payments Returns $6,460 $5,940 $0 5,060 1,570 2,590 6,4656,330 0 (a) Your answer is correct. What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $ 3850 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (b) Your answer is correct. What is the January 31 balance in the control account? 9765 Balance in the control account SHOW SOLUTION SHOW ANSWER LINK TO TEXT
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