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

Requirement
Prepare a T-account to compute each amount, a throughc.

Transcribed Image Text:

Balance Additional Information for the Month of December Account Nov 30 Dec 31 1. Cash$ 2. Accounts Receivable27,000 25,000 Sales on account, $54,000 3. Notes Payable... $10,000 5,000 Cash receipts, 582,000 1,000 19,000 New borrowing, $32,000