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QUESTION Five (3 Marks) Use the information in each of the following separate cases to calculate the required information listed below. a. During October, Shandra

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QUESTION Five (3 Marks) Use the information in each of the following separate cases to calculate the required information listed below. a. During October, Shandra Company had $113,750 of cash receipts and $112,613 of cash payments. The October 31 Cash balance was $18,919. Determine how much cash the company had at the close of business on September 30. b. On September 30, Mordish Co. had a $76,750 balance in Accounts Receivable. During October, the company collected $69,996 from its credit customers. The October 31 balance in Accounts Receivable was $79,129. Determine the amount of sales on account that occurred in October. The company do Not have Notes Receivables. C. Nasser Co. had $134,500 of accounts payable on September 30 and $124,951 on October 31. Total purchases (expenses) on account payable during October were $247,077. Determine how much cash was paid on accounts payable during October. The company do Not use any other liability account. Required: a. Cash balance on September 30 b. Sales on account in October c. Payments on accounts in October S $

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