Corentine Company had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on during October were $281,000. Determine how much cash was paid on accounts payable during October. - On September 30, Valerian Company had a $102,500 balance in Accounts Receivable. During October, the company collec $102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of on credit that occurred in October. . During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cas balance was $18,600. Determine how much cash the company had at the close of business on September 30.
Corentine Company had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on during October were $281,000. Determine how much cash was paid on accounts payable during October. - On September 30, Valerian Company had a $102,500 balance in Accounts Receivable. During October, the company collec $102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of on credit that occurred in October. . During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cas balance was $18,600. Determine how much cash the company had at the close of business on September 30.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:PUSI The Journal Entries From
HAPTER 2 6
Saved
Use the information in each of the following separate cases to calculate the unknown amount.
a. Corentine Company had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on cr-
during October were $281,000. Determine how much cash was paid on accounts payable during October.
b. On September 30, Valerian Company had a $102,500 balance in Accounts Receivable. During October, the company collecte
$102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of sa
on credit 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 B Required C
On September 30, Valerian Company 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 credit that occurred in October.
Accounts Receivable
Ending balance
Required A
Required C >
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Transcribed Image Text:CHAPTER 2
Saved
Use the information in each of the following separate cases to calculate the unknown amount.
a. Corentine Company had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on
during October were $281,000. Determine how much cash was paid on accounts payable during October.
b. On September 30, Valerian Company had a $102,500 balance in Accounts Receivable. During October, the company collect
$102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of
on credit that occurred in October.
c. During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cas
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
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.
es
Cash
Ending balance
< Required B
Required C>
< Prev
7 of 7 E
Next
MacBook Air
DII
DD
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F6
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F2
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F4
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3
4
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7
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* 00
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