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Sheridan Company has a balance in its Accounts Payable control account of $8,420 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company,
Sheridan Company has a balance in its Accounts Payable control account of $8,420 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,990; Janish Company, balance $1,920; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases Payments Returns $6,900 $6,280 $0 5,470 1,920 2,720 6,195 6,140 0 Your answer is correct. What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account 3510 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 5 used (b) Your answer is correct. What is the January 31 balance in the control account? 9925 Balance in the control accounts Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 5 used (c) Compute the balances in the subsidiary accounts at the end of the month The balances in the subsidiary accounts at the end of the month Hale 5 Janish $ Valdez 5 Click if you would like to Show Work for this question: Open Show Work
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