Use the information in each of the following separate cases to calculate the unk
ID: 1135642 • Letter: U
Question
Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Co. had $160,000 of accounts payable on September 30 and $136,500 on October 31. Total purchases on account b. On September 30, Valerian Co. had a $106,500 balance in Accounts Receivable. During October, the company collected $106,890 c. During October, Alameda Company had $110,500 of cash receipts and $111150 of cash disbursements. The October 31 Cash during October were $289,000. Determine how much cash was paid on accounts payable during October. from its credit customers. The October 31 balance in Accounts Receivable was $97,000. Determine the amount of sales on account that occurred in October balance was $22,600. 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 $160,000 of accounts payable on September 30 and $136,500 on October 31. Total purchases on account during October were $289,000. Determine how much cash was paid on accounts payable during October. Accounts Payable Ending balance Required A Required B>Explanation / Answer
Req a. Accounts Payable Cash account 312,500 Balance 160,000 Merchandise Inventory 289000 Ending balance 136500 Req b: Accounts receivable Balance 106,500 Cash 106,890 Sales revenue 97,390 Ending balance 97,000 Req c. Cash Balance 23,250 Cash disbursement 111,150 Cash receipts 110,500 Ending balance 22,600