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Pennington company has a balance in its accounts payable

Question - Pennington Company has a balance in its Accounts Payable control account of $9,250 on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance $3,000; Janish Company, balance $1,875; and Valdez Company. During January, the following payable-related transactions occurred.

Purchases Payments Returns

Hale Company $6,750 $6,000 $ -0-

Janish Company 5,250 1,875 2,250

Valdez Company 6,375 6,750 -0-

What is the January 31 balance in the control account?

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

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