Question

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 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 Complete this question by entering your answers in the tabs below. Required A Required Required Corentine Co. had si52.000 of accounts payable on September 30 and 5132.500 on October 31. Total Durchases on account during October were $281.000. Determine how much cash was paid on accounts payable during October Accounts Payable Required B

Answer 1

Ans:

a.	Accounts payable
	payments on account		300,500	Beginning balance		152,000
				purchases on account		281,000
				ending balance		132,500
b.	Accounts receivable
	Beginning balance		102,500	Cash receipts on account		102,890
	Sales on account		89,390
	ending balance		89,000
c)	Cash
	Cash receipts		102,500	cash disbursements		103,150
	beginning balance		19,250
	ending balance		18,600