Corentine Company had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on during October were $281,000. Determine how much cash was paid on accounts payable during October. - On September 30, Valerian Company had a $102,500 balance in Accounts Receivable. During October, the company collec $102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of on credit that occurred in October. . During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cas balance was $18,600. Determine how much cash the company had at the close of business on September 30.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Please answer and check do not reject the question thank you
PUSI The Journal Entries From
HAPTER 2 6
Saved
Use the information in each of the following separate cases to calculate the unknown amount.
a. Corentine Company had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on cr-
during October were $281,000. Determine how much cash was paid on accounts payable during October.
b. On September 30, Valerian Company had a $102,500 balance in Accounts Receivable. During October, the company collecte
$102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of sa
on credit that occurred in October.
c. During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cash
balance was $18,600. 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
On September 30, Valerian Company 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 credit that occurred in October.
Accounts Receivable
Ending balance
Required A
Required C >
< Prev
7 of 7
Next>
MacBook Air
DII
DD
888
F9
F7
F8
F5
F4
F2
@
#3
$
7
2
3
.T
Y
W
この
* CO
出
Transcribed Image Text:PUSI The Journal Entries From HAPTER 2 6 Saved Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Company had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on cr- during October were $281,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Company had a $102,500 balance in Accounts Receivable. During October, the company collecte $102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of sa on credit that occurred in October. c. During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cash balance was $18,600. 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 On September 30, Valerian Company 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 credit that occurred in October. Accounts Receivable Ending balance Required A Required C > < Prev 7 of 7 Next> MacBook Air DII DD 888 F9 F7 F8 F5 F4 F2 @ #3 $ 7 2 3 .T Y W この * CO 出
CHAPTER 2
Saved
Use the information in each of the following separate cases to calculate the unknown amount.
a. Corentine Company had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on
during October were $281,000. Determine how much cash was paid on accounts payable during October.
b. On September 30, Valerian Company had a $102,500 balance in Accounts Receivable. During October, the company collect
$102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of
on credit that occurred in October.
c. During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cas
balance was $18,600. 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
During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cash
balance was $18,600. Determine how much cash the company had at the close of business on September 30.
es
Cash
Ending balance
< Required B
Required C>
< Prev
7 of 7 E
Next
MacBook Air
DII
DD
F5
F6
F7
F8
FO
F2
F3
F4
#
$
&
2
3
4
6
7
W
R
Y
K
* 00
Transcribed Image Text:CHAPTER 2 Saved Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Company had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on during October were $281,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Company had a $102,500 balance in Accounts Receivable. During October, the company collect $102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of on credit that occurred in October. c. During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cas balance was $18,600. 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 During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cash balance was $18,600. Determine how much cash the company had at the close of business on September 30. es Cash Ending balance < Required B Required C> < Prev 7 of 7 E Next MacBook Air DII DD F5 F6 F7 F8 FO F2 F3 F4 # $ & 2 3 4 6 7 W R Y K * 00
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 3 images

Blurred answer
Knowledge Booster
Financial Planning
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education