Computing Revenues and Expenses For each of the following, determine which income statement account would be used to report the revenue or expense for September and the amount that would be reported:

a. Wages payable were $52,000 at September 1 and $47,000 at September 30. Employees were paid $198,000 during the month.

b. Inventory costing $350,000 was purchased during September. Inventory of $97,000 and $113,000 was reported at September | and September 30, respectively.

c. Accounts receivable of $183,000 and $195,000 were reported at September | and September 30, respectively. A total of $306,000 was collected on accounts receivable during the month.

d. Income taxes in the amount of $135,000 were paid during September. The balance of income taxes payable at September 30 was $69,000. The amount payable at September | was $58,000.