1. Corentine Co. had $155,000 of accounts payable on September 30 and $134,000 on October 31. Total purchases on account during October were $284,000. Determine how much cash was paid on accounts payable during October.
2. On September 30, Valerian Co. had a $104,000 balance in Accounts Receivable. During October, the company collected $104,390 from its credit customers. The October 31 balance in Accounts Receivable was $92,000. Determine the amount of sales on account that occurred in October.
3. During October, Alameda Company had $105,500 of cash receipts and $106,150 of cash disbursements. The October 31 Cash balance was $20,100. Determine how much cash the company had at the close of business on September 30.