calculate the unknown amount. 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.
calculate the unknown amount. 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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calculate the unknown amount. 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.
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