Pennington Company has a balance in its Accounts payable control account of $8, 405 on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company. balance $2, 662; Janish Company, balance $1, 577; and Valdez Company, During January, the following payable related transactions occurred. Your answer is incorrect. What is the January 1 balance in the Valdez Company Subsidiary account? Balance in the Valdez Company subsidiary account