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Use the information in each of the following separate cases to calculate the unknown amount. e....
Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Co. had $172,000 of accounts payable on September 30 and $142,500 on October 31. Total purchases on account during October were $301,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Co. had a $112,500 balance in Accounts Receivable. During October, the company collected $112,890 from its credit customers. The October 31 balance in Accounts Receivable...
Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Co. had $157,000 of accounts payable on September 30 and $135,000 on October 31. Total purchases on account during October were $286,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Co. had a $105,000 balance in Accounts Receivable. During October, the company collected $105,390 from its credit customers. The October 31 balance in Accounts Receivable...
Saved 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 $281000. Determine how much cash was pald on accounts payable during October b. On September 30, Valerian Co had $102,500 balance in Accounts Receivable. During October, the company collected $102.890 from its credit customers. The October 31 balance in Accounts Receivable...
Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Co. had $162,000 of accounts payable on September 30 and $137.500 on October 31. Total purchases on account during October were $291,000. Determine how much cash was paid on accounts payable during October b. On September 30, Valerian Co, had a $107,500 balance in Accounts Receivable. During October, the company collected $107,890 from its credit customers. The October 31 balance in Accounts Receivable...
se the information in each of the following separate cases to calculate the unknown amount. Corentine Co. had $164,000 of accounts payable on September 30 and $138,500 on October 31. Total purchases on account during October were $293,000. Determine how much cash was paid on accounts payable during October. On September 30, Valerian Co. had a $108,500 balance in Accounts Receivable. During October, the company collected $108,890 from its credit customers. The October 31 balance in Accounts Receivable was $101,000....
Use the information in each of the following separate cases to calculate the unknown amount. o. 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 Ending balance We were unable to transcribe this imageork Use the information in each of the following separate cases to cal a. Corentine Co. had $152,000 of accounts...
a. Corentine Co. had $171,000 of accounts payable on September 30 and $142,000 on October 31. Total purchases on account during October were $300,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Co. had a $112,000 balance in Accounts Receivable. During October, the company collected $112,390 from its credit customers. The October 31 balance in Accounts Receivable was $108,000. Determine the amount of sales on account that occurred in October. c. During...
Account balances Consider the changes in the accounts payable, accounts receivable, and cash accounts. Use T accounts to find the missing values. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. х THUH Open spreadsheet a. During February, $186,500 was paid to creditors on account, and purchases on account were $202,300. Assuming the February 28 balance of Accounts Payable was $59,100, determine the...
Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cash receipts and cash payments for the month ended September 30. a. Beginning cash balance, September 1, $42,000. b. Budgeted cash receipts from sales in September, $255,000. c. Raw materials are purchased on account. Purchase amounts are August (actual), $77,000, and September (budgeted) $107,000. Payments for direct materials are made as follows: 65% in the month of purchase and 35% in...
Account Balances a. During February, $78,310 was paid to creditors on account, and purchases on account were $100,240. Assuming that the February 28 balance of Accounts Payable was $33,670, determine the account balance on February 1. $ b. On October 1, the accounts receivable account balance was $46,000. During October, $400,200 was collected from customers on account. Assuming that the October 31 balance was $52,900, determine the fees billed to customers on account during October. $ c. On April 1,...