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Pennington Company has a balance in its Accounts Payable control account of $8,428on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance

Pennington Company has a balance in its Accounts Payable control account of $8,428on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance $2,633; Janish Company, balance $1,883; and Valdez Company. During January, the following payable-related transactions occurred.

Purchases Payments Returns
Hale Company $7,243 $5,908 $ -0-
Janish Company 5,613 1,883 2,606
Valdez Company 6,392 6,025

-0-

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