The manager of Pierce Furniture needs to compute the following amounts. a. Total cash paid during October.
Question:
a. Total cash paid during October.
b. Cash collections from customers during October. Analyze Accounts Receivable.
c. Cash paid on a note payable during October. Analyze Notes Payable.
Requirement
1. Prepare a T-account to compute each amount, a throughc.
Transcribed Image Text:
Balance Additional Information for the Month of October Account Sep 30 Oct 31 1. Cas.. 2. Accounts Receivable28,000 26,000 Sales on account, $47,000 S11,000 6,000 Cash receipts, $83,000 3. Notes Payable. 15,000 23,000 New borrowing, $24,000
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Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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