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a. Corentine Company had $161,000 of accounts payable on September 30 and $137,000 on October 31. Total purchases on credit during October were $290,000. Determine
a. Corentine Company had $161,000 of accounts payable on September 30 and $137,000 on October 31. Total purchases on credit during October were $290,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Company had a $107,000 balance in Accounts Receivable. During October, the company collected $107,390 from its credit customers. The October 31 balance in Accounts Receivable was $98,000. Determine the amount of sales on credit that occurred in October. c. During October, Alameda Company had $111,500 of cash receipts and $112,150 of cash disbursements. The October 31 Cash balance was $23,100. Determine how much cash the company had at the close of business on September 30.
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