Question: can you write all the steps out im confused Exercise 2-6 Analyzing account entries and balances Use the information in each of the following separate

can you write all the steps out im confused
can you write all the steps out im confused Exercise 2-6 Analyzing

Exercise 2-6 Analyzing account entries and balances Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Co. had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on account during October were $281,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Co. had a $102,500 balance in Accounts Receivable. During October, the company collected $102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of sales on account that occurred in October. [continued on next page]

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