Question
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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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
978-1259206955, 1259206955, 77862368, 978-0077862367
