(Learning Objective 5: Computing fi nancial statement amounts) The manager of Pierce Furniture needs to compute the following amounts.

a. Total cash paid during October.

b. Cash collections from customers during October. Analyze Accounts Receivable.

c. Cash paid on a note payable during October. Analyze Notes Payable.

Here’s the additional data you need to analyze the accounts:

❙ Requirement 1. Prepare a T-account to compute each amount, a through c.