Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Company had $157,000 of accounts payable on September 30 and $135,000 on October 31. Total purchases on credit during October were $286,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Company 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 was $94,000. Determine the amount of sales on credit that occurred in October. c. During October, Alameda Company had $107,500 of cash receipts and $108,150 of cash disbursements. The October 31 Cash balance was $21,100. 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 B Required C On September 30, Valerian Company 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 was $94,000. Determine the amount of sales on credit that occurred in October. Ending balance Accounts Receivable < Required A $ 0 Required C >
Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Company had $157,000 of accounts payable on September 30 and $135,000 on October 31. Total purchases on credit during October were $286,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Company 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 was $94,000. Determine the amount of sales on credit that occurred in October. c. During October, Alameda Company had $107,500 of cash receipts and $108,150 of cash disbursements. The October 31 Cash balance was $21,100. 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 B Required C On September 30, Valerian Company 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 was $94,000. Determine the amount of sales on credit that occurred in October. Ending balance Accounts Receivable < Required A $ 0 Required C >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Use the information in each of the following separate cases to calculate the unknown amount.
a. Corentine Company had $157,000 of accounts payable on September 30 and $135,000 on October 31. Total purchases on credit
during October were $286,000. Determine how much cash was paid on accounts payable during October.
b. On September 30, Valerian Company 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 was $94,000. Determine the amount of sales
on credit that occurred in October.
c. During October, Alameda Company had $107,500 of cash receipts and $108,150 of cash disbursements. The October 31 Cash
balance was $21,100. 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 B
Required C
On September 30, Valerian Company 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 was $94,000. Determine the amount of
sales on credit that occurred in October.
Ending balance
Accounts Receivable
< Required A
$
Required C
0
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa9ae7491-6dd0-4133-8199-7d75b986078f%2Fdf983c30-6fdb-4662-9df1-063ca855f246%2Fh5zxgj5_processed.png&w=3840&q=75)
Transcribed Image Text:Use the information in each of the following separate cases to calculate the unknown amount.
a. Corentine Company had $157,000 of accounts payable on September 30 and $135,000 on October 31. Total purchases on credit
during October were $286,000. Determine how much cash was paid on accounts payable during October.
b. On September 30, Valerian Company 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 was $94,000. Determine the amount of sales
on credit that occurred in October.
c. During October, Alameda Company had $107,500 of cash receipts and $108,150 of cash disbursements. The October 31 Cash
balance was $21,100. 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 B
Required C
On September 30, Valerian Company 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 was $94,000. Determine the amount of
sales on credit that occurred in October.
Ending balance
Accounts Receivable
< Required A
$
Required C
0
>
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