Exercise 2-7 (Algo) 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 $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 Co. 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Corentine Co. 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. Beginning balance Accounts Payable Ending balance. $ Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required C On September 30, Valerian Co. 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. Accounts Receivable Ending balance $ 98,000 $ 0 < Required A Required C > Complete this question by entering your answers in the tabs below. Required A Required B Required 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. Cashi Ending balance $ 0