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Exercise 2-6 Analyzing account entries and balances L.O. A1 Use the information in each of the following separate cases. (Input all amounts as positive values.
Exercise 2-6 Analyzing account entries and balances L.O. A1 Use the information in each of the following separate cases. (Input all amounts as positive values. Omit the "S" sign in your response.) a. During October, Shandra Company had $75,500 of cash receipts and $77,010 of cash disbursements. The October 31 Cash balance was $12,938. Determine how much cash the company had at the close of business on September 30. b. On September 30, Mordish Co. had a $148,000 balance in Accounts Receivable. During October, the company collected $134,976 from its credit customers. The October 31 balance in Accounts Receivable was $152,588. Determine the amount of sales on account that occurred in October. c. Nasser Co. had $142,000 of accounts payable on September 30 and $131,918 on October 31. Total purchases on account during October were $260,854. Determine how much cash was paid on accounts payable during October. a. Cash balance on September 30 NO. b. Sales on account in October c. Payments on accounts in October
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