Pennington Company has a balance in its Accounts Payable control account of $9,2
ID: 2450548 • Letter: P
Question
Pennington Company has a balance in its Accounts Payable control account of $9,250 on January 1, 2017. 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.
What is the January 1 balance in the Freeze Company subsidiary account?
What is the January 31 balance in the control account?
Balances in the subsidiary accounts Bixler $ Cuddyer $ Freeze$
Which January transaction would not be recorded in a special journal?
Explanation / Answer
What is the January 1 balance in the Freeze Company subsidiary account?
Answer: $9250-$3000-$1875=$4375
What is the January 31 balance in the control account?
Answer:Suppose we aaume that
Purchases Payments Returns
Hale Company $6,529 $5,972 $ -0-
Janish Company 5,066 2,087 2,215
Valdez Company 6,647 6,790 -0-
9250 + 6,529 + 5,066 + 6,647 - 5,972 - 2,087 - 6,790 - 2,215 =$10428
Balances in the subsidiary accounts Bixler $ Cuddyer $ Freeze$
Answer:Hale 3000 + 6,529 - 5,972 = 3,577
Janish 1875 + 5,066 - 2,087 - 2,215 = 2,639
Valdez 4375 + 6,647 - 6,790 = 4232
Which January transaction would not be recorded in a special journal?
Answer: Returns Purchases Payments
The purchase return for Janish of $2,215
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.