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kaheart [24]
3 years ago
9

Corentine Co. had $154,000 of accounts payable on September 30 and $133,500 on October 31. Total purchases on account during Oct

ober were $283,000. Determine how much cash was paid on accounts payable during October. On September 30, Valerian Co. had a $103,500 balance in Accounts Receivable. During October, the company collected $103,890 from its credit customers. The October 31 balance in Accounts Receivable was $91,000. Determine the amount of sales on account that occurred in October. During October, Alameda Company had $104,500 of cash receipts and $105,150 of cash disbursements. The October 31 Cash balance was $19,600. Determine how much cash the company had at the close of business on September 30.
Business
1 answer:
cupoosta [38]3 years ago
8 0

Answer:

Explanation:

a.                                        Accounts Payable

Payments on account   $303,500 | Beginning balance  $154,000

                                                          | Purchases on account $283,000

                                                          |

                                                          | Ending balance             $133500

b.                                     Accounts Receivable

Beginning balance   $103,500  | Cash receipts on account  $103,890

Sales on account      $91,390  |

                                                    |

Ending balance         $91,000   |

 

c.                                             Cash

Cash receipts           $104,500  |  Cash disbursements  $105,150

Beginning balance   $20,250 |

                                                   |

Ending balance         $19,600  |

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