1. Corentine Co. had accounts payable at $155,000 on September 30 and $134,000 on October 31. Total purchases in the account in October were $284,000.
2.  1.Determine how much cash is paid in accounts payable in October.
3. On September 30, Valerian Co. had a balance of $104,000 in Accounts Receivable. During the month of October, the company charged $104,390 from its overdraft customers. The October 31 balance in Accounts Receivable was $92,000.
4. 2.Determine the amount of account sales that occurred in October.
5. In October, Alameda Company had $105,500 cash receipts and $106,150 cash payments. October 31 Cash balance was $20,100. 
6. 3.Determine how much cash the company has at the close of business on September 30.

Answer rating: 100% (QA)

The change in accounts payable from September 30 to October 31 is a decrease of 21000 155000 134000 ... View the full answer