Pharoah Company has a balance in its Accounts Payable control account of $8,460 on January 1, 2022. The subsidiary ledger contains three accounts: Hale Company, balance $2,970; Janish Company, balance $1,770; and Valdez Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Hale Company $6,750 $5,990 $ 0 Janish Company 5,060 1,770 3,500 Valdez Company 5,885 6,430 0 What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $
Pharoah Company has a balance in its Accounts Payable control account of $8,460 on January 1, 2022. The subsidiary ledger contains three accounts: Hale Company, balance $2,970; Janish Company, balance $1,770; and Valdez Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Hale Company $6,750 $5,990 $ 0 Janish Company 5,060 1,770 3,500 Valdez Company 5,885 6,430 0 What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....
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Pharoah Company has a balance in its Accounts Payable control account of $8,460 on January 1, 2022. The subsidiary ledger contains three accounts: Hale Company, balance $2,970; Janish Company, balance $1,770; and Valdez Company. During January, the following payable-related transactions occurred.
Purchases
|
Payments
|
Returns
|
||||
Hale Company | $6,750 | $5,990 | $ 0 | |||
Janish Company | 5,060 | 1,770 | 3,500 | |||
Valdez Company | 5,885 | 6,430 | 0 |
What is the January 1 balance in the Valdez Company subsidiary account?
Balance in the Valdez Company subsidiary account $ |
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