Question
7 1.66 points For each of the following situation, solve for a missing amount. In each case, there is only one debit entry and
7 1.66 points For each of the following situation, solve for a missing amount. In each case, there is only one debit entry and one credit entry in the account during the month. Requirement 1: a. Accounts Receivable had a balance of $960 at the beginning of the month and $720 at the end of the month. Credit sales totaled $9,600 during the month. Calculate the cash collected from customers during the month, assuming that all sales were made on account. Answer is complete and correct. Cash collected from customers $9,840 b. The Supplies account had a balance of $432 at the beginning of the month and $584 at the end of the month. The cost of supplies used during the month was $1,872. Calculate the cost of supplies purchased during the month. Answer is complete and correct. Cost of supplies purchased $2,024 c. Wages Payable had a balance of $328 at the beginning of the month. During the month, $3,040 of wages were paid to employees. Wages Expense accrued during the month totaled $3,280. Calculate the balance of Wages Payable at the end of the month. Answer is complete and correct. Wages payable $ 568 (
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