Saved Help Save & Exit Submit 06:25 Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Company had $153,000 of accounts payable on September 30 and $133,000 on October 31. Total purchases on credit during October were $282,000. Determine how much cash was paid on accounts payable during October b. On September 30, Valerian Company had a $103,000 balance in Accounts Receivable. During October, the company collected $103,390 from its credit customers. The October 31 balance in Accounts Receivable was $90,000. Determine the amount of sales on credit that occurred in October. c. During October, Alameda Company had $103,500 of cash receipts and $104,150 of cash disbursements. The October 31 Cash balance was $19,100. 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 6 Required C On September 30, Valerian Company had a $103,000 balance in Accounts Receivable. During October, the company collected $103,390 from its credit customers. The October 31 balance in Accounts Receivable was $90,000. Determine the amount of sales on credit that occurred in October. Accounts Receivable Ending balance $ 0 < Required A Required C >
Saved Help Save & Exit Submit 06:25 Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Company had $153,000 of accounts payable on September 30 and $133,000 on October 31. Total purchases on credit during October were $282,000. Determine how much cash was paid on accounts payable during October b. On September 30, Valerian Company had a $103,000 balance in Accounts Receivable. During October, the company collected $103,390 from its credit customers. The October 31 balance in Accounts Receivable was $90,000. Determine the amount of sales on credit that occurred in October. c. During October, Alameda Company had $103,500 of cash receipts and $104,150 of cash disbursements. The October 31 Cash balance was $19,100. 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 6 Required C On September 30, Valerian Company had a $103,000 balance in Accounts Receivable. During October, the company collected $103,390 from its credit customers. The October 31 balance in Accounts Receivable was $90,000. Determine the amount of sales on credit that occurred in October. Accounts Receivable Ending balance $ 0 < Required A Required C >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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06:25
Use the information in each of the following separate cases to calculate the unknown amount.
a. Corentine Company had $153,000 of accounts payable on September 30 and $133,000 on October 31. Total purchases on credit
during October were $282,000. Determine how much cash was paid on accounts payable during October
b. On September 30, Valerian Company had a $103,000 balance in Accounts Receivable. During October, the company collected
$103,390 from its credit customers. The October 31 balance in Accounts Receivable was $90,000. Determine the amount of
sales on credit that occurred in October.
c. During October, Alameda Company had $103,500 of cash receipts and $104,150 of cash disbursements. The October 31 Cash
balance was $19,100. 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 6 Required C
On September 30, Valerian Company had a $103,000 balance in Accounts Receivable. During October, the company collected
$103,390 from its credit customers. The October 31 balance in Accounts Receivable was $90,000. Determine the amount of
sales on credit that occurred in October.
Accounts Receivable
Ending balance
$
0
< Required A
Required C >
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