6.

Solve for the missing amounts using a T-account given below.Assume that there is only one debit entry and one credit entry in the account during the month.

Required:
a.	Accounts Payable had a balance of $4,500 at the beginning of the month and $6,400 at the end of the month. During the month, purchases on account amounted to $10,600. Calculate the payments to suppliers during the month.

Accounts Payable:
	$_________	Beginning Balance	$4500
Payment to Suppliers	$_________	Purchase on Account	$_________
	$_________	Ending Balance	$6400

b.

Accounts Receivable had a balance of $24,400 at the beginning of the month and $21,300 at the end of the month. Cash collected from customers totaled $83,500 during the month. Calculate credit sales during the month, assuming that all sales were made on account.

Accounts Receivable:
Beginning Balance	$_________		$4500
Credit Sales During the Month	$_________	Collections from Customers	$_________
Ending Balance	$_________