Question: Hello I need help on resolving accounting problems. See the attachment. Thank you. I need them by this Monday May 16th. Pennington Company has a

Hello

I need help on resolving accounting problems.

See the attachment. Thank you. I need them by this Monday May 16th.

HelloI need help on resolving accounting problems.See the attachment. Thank you. I

Pennington Company has a balance in its Accounts Payable control account of $8,015 on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance $2,836; Janish Company, balance $1,578; and Valdez Company. During January, the following payable-related transactions occurred. Payment Returns s $6,305 $5,830 $ -05,283 1,578 2,961 5,897 6,925 -0- Purchases Hale Company Janish Company Valdez Company (a) Your answer is correct. What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $ 3601 .(b) What is the January 31 balance in the control account? Balance in the control account $ (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 Janish Valdez Link to Text

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!