Exercise 4-20 (Algo) Transaction analysis using T-accounts LO 6, 7 For each of the following situation, solve for a missing amount. In each case, there is only one debit entry and one credit entry in the account during the month. Requirement 1: a. Accounts Receivable had a balance of $1,200 at the beginning of the month and $900 at the end of the month. Credit sales totaled $12,000 during the month. Calculate the cash collected from customers during the month, assuming that all sales were made on account. Cash collected from customers $12,300 b. The Supplies account had a balance of $540 at the beginning of the month and $730 at the end of the month. The cost of supplies used during the month was $2,340. Calculate the cost of supplies purchased during the month. Cost of supplies purchased $ 2,530 c. Wages Payable had a balance of $410 at the beginning of the month. During the month, $3,800 of wages were paid to employees. Wages Expense accrued during the month totaled $4,100. Calculate the balance of Wages Payable at the end of the month Wages payable $710