The manager of Dubois Furniture needs to compute the following amounts.
a. Total cash paid during March.
b. Cash collections from customers during March. Analyze Accounts Receivable.
c. Cash paid on a note payable during March. Analyze Notes Payable.
Here are the additional data you need to analyze the accounts:

Prepare a T-account to compute each amount a through c.

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Balance Additional Information Feb. 28 Mar. 31 or the Month of March Account $10,000 $5,000 Cash receipts, $80,000 26,000 13,000 24,000 21,000 Sales on account, $50,000 New borrowing, $25,000 3. Notes Payable. ..1