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a. Corentine Co. had $163,000 of accounts payable on September 30 and $138,000 on October 31. Total purchases on credit during October were $292,000. Determine
a. Corentine Co. had $163,000 of accounts payable on September 30 and $138,000 on October 31. Total purchases on credit during October were $292,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Co. had a $108,000 balance in Accounts Receivable. During October, the company collected $108,390 from its credit customers. The October 31 balance in Accounts Receivable was $100,000. Determine the amount of sales on credit that occurred in October. c. During October, Alameda Company had $113,500 of cash receipts and $114,150 of cash disbursements. The October 31 Cash balance was $24,100. Determine how much cash the company had at the close of business on September 30. Complete this question by entering your answers in the tabs below. Required A Required B Required C Corentine Co. had $163,000 of accounts payable on September 30 and $138,000 on October 31. Total purchases on credit during October were $292,000. Determine how much cash was paid on accounts payable during October. Accounts Payable Ending balance On September 30, Valerian Co. had a $108,000 balance in Accounts Receivable. During October, the company collected $108,390 from its credit customers. The October 31 balance in Accounts Receivable was $100,000. Determine the amount of sales on credit that occurred in October. Accounts Receivable. Ending balance $ 100,000 During October, Alameda Company had $113,500 of cash receipts and $114,150 of cash disbursements. The October 31 Cash balance was $24,100. Determine how much cash the company had at the close of business on September 30. Ending balance Cash
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