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Here's the additional data you need to analyze the accounts: (Click the icon to view the additional data.) a. The manager of Latitude Furniture needs
Here's the additional data you need to analyze the accounts: (Click the icon to view the additional data.) a. The manager of Latitude Furniture needs to compute the following amounts: Total cash paid during December. b. Cash collections from credit customers during December. Analyze Accounts Receivable. Cash paid on a note payable during December. Analyze Notes Payable. Requirement 1. Prepare a T-account to compute each amount, a through c. C. a. Total cash paid during December. Prepare the T-account to solve for the unknown amount of Cash paid in December. Select a balance and/or transaction description posting reference for each item you enter into the T-account. Cash Nov 30 Bal 19,000 93000 102500 Dec payments Dec payments 9,500 Additional Data Balance Additional Information Account Nov 30 Dec 31 for the Month of December 1. Cash $ 19,000 $ 2. Accounts Receivable 28,000 9,500 Cash receipts, $93,000 26,000 Sales on account, $43,000 25,500 New borrowing, $30,000 3. Notes Payable 17,500 Print Done
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