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QUESTION
Pennington Company has a balance in its Accounts Payable control account of $8,072 on January 1, 2014. The subsidiary ledger contains three accounts:...
Pennington Company has a balance in its Accounts Payable control account of $8,072 on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance $2,726; Janish Company, balance $1,578; and Valdez Company. During January, the following payable-related transactions occurred. What is the January 1 balance in the Valdez Company subsidiary account?
