Pennington Company has a balance in its Accounts Payable control account of $9,250 on
January 1, 2020. 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-
a. What is the January 1 balance in the Valdez Company subsidiary account?
b. What is the January 31 balance in the control account?
c. Compute the balances in the subsidiary accounts at the end of the month.
d. Which January transaction would not be recorded in a special journal?