Solution-Compute the balances in the subsidiary accounts

Compute the balances in the subsidiary accounts

Reference no: EM132051680

Question - Compute the balances in the subsidiary accounts at the end of the month Pennington Company has a balance in its Accounts Payable control account of $8,632 on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance $2,691; Janish Company, balance $1,931; and Valdez Company. During January, the following payable-related transactions occurred.

	Purchases	Payments	Returns
Hale Company	$6,562	$5,537	$ -0-
Janish Company	5,350	1,931	2,887
Valdez Company	6,134	6,208	-0-

Compute the balances in the subsidiary accounts at the end of the month.

Reference no: EM132051680

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Compute the balances in the subsidiary accounts

Reference no: EM132051680

Reference no: EM132051680

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