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 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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 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
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
Accounts Payable
Beginning balance
Ending balance
3 Pen
Required B >
Transcribed Image Text: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 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 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 Accounts Payable Beginning balance Ending balance 3 Pen Required B >
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