Exercise 2-6 Analyzing account entries and balances LO A1 Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Co. had $172,000 of accounts payable on September 30 and $142,500 on October 31. Total purchases on account during October were $301,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Co. had a $112,500 balance in Accounts Receivable. During October, the company collected $112,890 from its credit customers. The October 31 balance in Accounts Receivable was $109,000. Determine the amount of sales on account that occurred in October. c. During October, Alameda Company had $122,500 of cash receipts and $123,150 of cash disbursements. The October 31 Cash balance was $28,600. 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 On September 30, Valerian Co. had a $112,500 balance in Accounts Receivable. During October, the company collected $112,890 from its credit customers. The October 31 balance in Accounts Receivable was $109,000. Determine the amount of sales on account that occurred in October Accounts Receivable Beginning balance Sales on account Cash disbursements Ending balance $ 112,500 109,390 123,790 $ 109,000 Required A Required C >