Use the information in each of the following separate cases. (Input all amounts as positive values. Omit the "$" sign in your response.) a. During October, Shandra Company had $141,000 of cash receipts and $142,410 of cash payments. The October 31 Cash balance was $23,925. Determine how much cash the company had at the close of business on September 30. b. On September 30, Mordish Co. had a $135,500 balance in Accounts Receivable. During October, the company collected $123,576 from its credit customers. The October 31 balance in Accounts Receivable was $139,701. Determine the amount of sales on account that occurred in October. The company do not have Notes Receivables. c. Nasser Co. had $137,500 of accounts payable on September 30 and $127,738 on October 31. Total purchases (expenses) on account payable during October were $252,588. Determine how much cash was paid on accounts payable during October. The company do Not use any other liability account. Cash balance on September 2.30 $ $ b. Sales on account in October Payments on accounts in October C. Which of the following is incorrect: Multiple Choice The IASB is responsible for the issuance of the IFRS. Managerial accounting provides information needed for external users to make decisions. Entities formed as Corporations have limited liabilities. Accounting is an information system. All of the answers are correct. On September 1, ABC advertising agency (a Corporation) receives $1,200 from its client XYZ Corporation for advertising services that are expected to be performed next December. According to this transaction, the accountant of XYZ Corporation should record the entry in September 1 and the debit side of the entry should be Cash. True or False True False