Crane Company has a balance in its Accounts Payable control account of $ 8,020 on January 1, 2022. The subsidiary ledger contains three accounts: Hale Company, balance $ 2,570; Janish Company, balance $ 1,910; and Valdez Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Hale Company $ 6,350 $ 5,560 $ 0 Janish Company 5,000 1,910 3,110 Valdez Company 6,255 6,290 0 (a) What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $ enter the balance in the Valdez Company subsidiary account in dollars (b) What is the January 31 balance in the control account? Balance in the control account $ enter the balance in the control account in dollars (c) Compute the balances in the subsidiary accounts at the end of the month. The balances in the subsidiary accounts at the end of the month Hale $ enter a dollar amount Janish $ enter a dollar amount Valdez $ enter a dollar amount (d) Which January transaction would not be recorded in a special journal? select an option: Purchase Returns / Payments / Purchases
Crane Company has a balance in its Accounts Payable control account of $ 8,020 on January 1, 2022. The subsidiary ledger contains three accounts: Hale Company, balance $ 2,570; Janish Company, balance $ 1,910; and Valdez Company. During January, the following payable-related transactions occurred.
|
Purchases |
Payments |
Returns |
||||
|
Hale Company |
$ 6,350 |
$ 5,560 |
$ 0 |
|||
|
Janish Company |
5,000 |
1,910 |
3,110 |
|||
|
Valdez Company |
6,255 |
6,290 |
0 |
(a)
What is the January 1 balance in the Valdez Company subsidiary account?
|
Balance in the Valdez Company subsidiary account $ enter the balance in the Valdez Company subsidiary account in dollars |
(b)
What is the January 31 balance in the control account?
|
Balance in the control account $ enter the balance in the control account in dollars |
(c)
Compute the balances in the subsidiary accounts at the end of the month.
|
The balances in the subsidiary accounts at the end of the month |
|
|
Hale |
$ enter a dollar amount |
|
Janish |
$ enter a dollar amount |
|
Valdez |
$ enter a dollar amount |
(d)
Which January transaction would not be recorded in a special journal? select an option: Purchase Returns / Payments / Purchases
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