help please Exercise 7 5 (Part level Submission) Pennington Company has a balance in its Accounts Payable control account of $8,688on January 1, 2014 The subsidiary ledger contains three accounts Hale Company, balance $2,648 Janish Company, balance $1,555 and Valdez Company During January, the following payable related transactions occurred Purchases Payments Returns Hale Company $6,515 $5,715 $ 0 Janish Company 5,566 1,555 3,383 Valdez Company 6,099 6,097 0 Warning Don't show me this message again for the assignment Ok Cancel (a) Your answer is correct What is the January 1 balance in the Valdez Company subsidiary account Balance in the Valdez Company subsidiary account $ 4485 Warning Don't show me this message again for the assignment Ok Cancel Show Solution SHOW ANSWER HIDDEN Show Answer Link to Text Attempts 2 of 3 used (b) What is the January 31 balance in the control account Balance in the control account $

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Question: help please! Exercise 7-5 (Part level Submission) Pennington Company has a balance in its Accounts Payable control account of $8,688on January 1, 2014. The subsidiary

help please!

Exercise 7-5 (Part level Submission) Pennington Company has a balance in its Accounts Payable control account of $8,688on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance $2,648; Janish Company, balance $1,555; and Valdez Company. During January, the following payable-related transactions occurred.

Purchases	Payments	Returns
Hale Company	$6,515	$5,715	$ -0-
Janish Company	5,566	1,555	3,383
Valdez Company	6,099	6,097	-0-

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(a)


	Your answer is correct.

What is the January 1 balance in the Valdez Company subsidiary account?

Balance in the Valdez Company subsidiary account $ 4485

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Attempts: 2 of 3 used

(b) What is the January 31 balance in the control account?

Balance in the control account $

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