Question
Exercise 7-05 a-d Sunland Company has a balance in its Accounts Payable control account of $8,620 on January 1, 2020. The subsidiary ledger contains three
Exercise 7-05 a-d Sunland Company has a balance in its Accounts Payable control account of $8,620 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,860; Janish Company, balance $1,690; and Valdez Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Hale Company $6,950 $5,790 $ 0 Janish Company 5,290 1,690 3,320 Valdez Company 5,905 6,180 0
What is the January 1 balance in the Valdez Company subsidiary account?
Balance in the Valdez Company subsidiary account $
What is the January 31 balance in the control account?
Balance in the control account $
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 $
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