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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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