Question
What is the January 31 balance in the control account? Pennington Company has a balance in its Accounts Payable control account of $8,293on January 1,
What is the January 31 balance in the control account?
Pennington Company has a balance in its Accounts Payable control account of $8,293on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance $2,746; Janish Company, balance $1,932; and Valdez Company. During January, the following payable-related transactions occurred.
PurchasesPaymentsReturns
Hale Company$6,899$6,300$ -0-Janish Company4,8631,9322,817Valdez Company6,4196,899-0-
| Purchases | Payments | Returns | |
| Hale Company | $6,899 | $6,300 | $ -0- |
| Janish Company | 4,863 | 1,932 | 2,817 |
| Valdez Company | 6,419 | 6,899 | -0- |
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
14th Edition
133081605, 132575957, 9780133081602, 978-0132575959
