Exercise 7-05a-d (Part Level Submission) Blossom Company has a balance in its Accounts Payable control account of $8,000 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,500, Janish Company, balance $1,500; and Valdez Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Hale Company $6,250 $5,500 $0 Janish Company 4,750 1,500 2.500 Valdez Company 5,875 6.000 0 What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $