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Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Co. had $160,000 of accounts payable on September
Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Co. had $160,000 of accounts payable on September 30 and $136,500 on October 31. Total purchases on account during October were $289,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Co. had a $106,500 balance in Accounts Receivable. During October, the company collected $106,890 from its credit customers. The October 31 balance in Accounts Receivable was $97,000. Determine the amount of sales on account that occurred in October. c. During October, Alameda Company had $110,500 of cash receipts and $111,150 of cash disbursements. The October 31 Cash balance was $22,600. 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 Corentine Co. had $160,000 of accounts payable on September 30 and $136,500 on October 31. Total purchases on account during October were $289,000. Determine how much cash was paid on accounts payable during October. Accounts Payable Ending balance Required A Required B Required C On September 30, Valerian Co. had a $106,500 balance in Accounts Receivable. During October, the company collected $106.890 from its credit customers. The October 31 balance in Accounts Receivable was $97,000. Determine the amount of sales on account that occurred in October. Accounts Receivable Ending balance $ 97,000 Required A Required B Required C During October, Alameda Company had $110,500 of cash receipts and $111,150 of cash disbursements. The October 31 Cash balance was $22,600. Determine how much cash the company had at the close of business on September 30. Cash Ending balance
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