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 Company had $170,000 of accounts payable on September 30 and $141,500 on October 31. Total purchases on credit dunng October were $299,000. Determine how much cash was paid on accounts payable during October b. On September 30, Valerian Company had a $111,500 balance in Accounts Receivable. During October, the company collected $111.890 from its credit customers. The October 31 balance in Accounts Receivable was $107,000. Determine the amount of sales on credit that occurred in October c. During October, Alameda Company had $120,500 of cash receipts and $121,150 of cash disbursements. The October 31 Cash balance was $27,600 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 Company had a $111,500 balance in Accounts Receivable. During October, the company collected $111,890 from its credit customers. The October 31 balance in Accounts Receivable was $107,000. Determine the amount of sales on credit that occurred in October Ending balance Accounts Receivable