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Pennington Company has a balance in its Accounts Payable control account of $8,518on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance

Pennington Company has a balance in its Accounts Payable control account of $8,518on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance $2,914; Janish Company, balance $1,868; and Valdez Company. During January, the following payable-related transactions occurred.
Purchases Payments Returns
Hale Company $6,938 $6,265 $ -0-
Janish Company 5,711 1,868 3,409
Valdez Company 6,547 6,193 -0-
(a) What is the January 1 balance in the Valdez Company subsidiary account?
Balance in the Valdez Company subsidiary account $

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