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Hello I need help on resolving accounting problems. See the attachment. Thank you. I need them by this Monday May 16th. Pennington Company has a
Hello
I need help on resolving accounting problems.
See the attachment. Thank you. I need them by this Monday May 16th.
Pennington Company has a balance in its Accounts Payable control account of $8,015 on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance $2,836; Janish Company, balance $1,578; and Valdez Company. During January, the following payable-related transactions occurred. Payment Returns s $6,305 $5,830 $ -05,283 1,578 2,961 5,897 6,925 -0- Purchases Hale Company Janish Company Valdez Company (a) Your answer is correct. What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $ 3601 .(b) What is the January 31 balance in the control account? Balance in the control account $ (c) 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
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