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se the information in each of the following separate cases to calculate the unknown amount. Corentine Co. had $164,000 of accounts payable on September 30

se the information in each of the following separate cases to calculate the unknown amount.

  1. Corentine Co. had $164,000 of accounts payable on September 30 and $138,500 on October 31. Total purchases on account during October were $293,000. Determine how much cash was paid on accounts payable during October.
  2. On September 30, Valerian Co. had a $108,500 balance in Accounts Receivable. During October, the company collected $108,890 from its credit customers. The October 31 balance in Accounts Receivable was $101,000. Determine the amount of sales on account that occurred in October.
  3. During October, Alameda Company had $114,500 of cash receipts and $115,150 of cash disbursements. The October 31 Cash balance was $24,600. Determine how much cash the company had at the close of business on September 30.

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