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Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Company had $166,000 of accounts payable on September
Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Company had $166,000 of accounts payable on September 30 and $139,500 on October 31. Total purchases on credit during October were $295,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Company had a $109,500 balance in Accounts Receivable. During October, the company collected $109,890 from its credit customers. The October 31 balance in Accounts Receivable was $103,000. Determine the amount of sales on credit that occurred in October. c. During October, Alameda Company had $116,500 of cash receipts and $117,150 of cash disbursements. The October 31 Cash balance was $25,600. 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 Company had $166,000 of accounts payable on September 30 and $139,500 on October 31. Total purchases on credit during October were $295,000. Determine how much cash was paid on accounts payable during October. Payments on account Ending balance Accounts Payable Beginning balance Purchases on account
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