Use the information in each of the following separate cases to calculate the unknown amount. a....
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Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Co. had $167,000 of accounts payable on September 30 and $140,000 on October 31. Total purchases on account during October were $296,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Co. had a $110,000 balance in Accounts Receivable. During October, the company collected $110,390 from its credit customers. The October 31 balance in Accounts Receivable was $104,000. Determine the amount of sales on account that occurred in October. c. During October, Alameda Company had $117,500 of cash receipts and $118,150 of cash disbursements. The October 31 Cash balance was $26,100. 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 $167,000 of accounts payable on September 30 and $140,000 on October 31. Total purchases on account during October were $296,000. Determine how much cash was paid on accounts payable during October. Accounts Payable www Next > Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Co. had $167,000 of accounts payable on September 30 and $140,000 on October 31. Total purchases on account during October were $296,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Co. had a $110,000 balance in Accounts Receivable. During October, the company collected $110,390 from its credit customers. The October 31 balance in Accounts Receivable was $104,000. Determine the amount of sales on account that occurred in October. c. During October, Alameda Company had $117,500 of cash receipts and $118,150 of cash disbursements. The October 31 Cash balance was $26,100. 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 $167,000 of accounts payable on September 30 and $140,000 on October 31. Total purchases on account during October were $296,000. Determine how much cash was paid on accounts payable during October. Accounts Payable www Next >
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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