Solved: Pennington company has a balance in its accounts payable, Financial Accounting

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Pennington company has a balance in its accounts payable

Pennington Company has a balance in its Accounts Payable control account of $8,721 on January 1, 2014.

The subsidiary ledger contains three accounts:

Hale Company, balance $2,572;

Janish Company, balance $1,685; and Valdez Company.

During January, the following payable-related transactions occurred.

What is the January 31 balance in the control account?

Purchases Payments Returns

Hale Company $6,968 $5,717 $ -0-

Janish Company 5,075 1,685 3,133

Valdez Company 6,677 6,319 -0

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Financial Accounting: Pennington company has a balance in its accounts payable

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Financial Accounting: Pennington company has a balance in its accounts payable

Reference No:- TGS01541475

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