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Pennington Company has a balance in its Accounts Payable control account of $8, 420 on January 1, 2017. The subsidiary ledger contains three accounts: Hale

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Pennington Company has a balance in its Accounts Payable control account of $8, 420 on January 1, 2017. The subsidiary ledger contains three accounts: Hale Company, balance $2, 990; Janish Company, balance $ 1, 970; and Valdez Company. During January, the following payable-related transactions occurred. What is the January 1 balance in the Valdez Company subsidiary account

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