Question

Solve for the missing amounts in the T-account given below. Assume that there is only one debit entry and one credit entry in the account during the month.a. Accounts Payable had a balance of $9,000 at the beginning of the month and $10,200 at the end of the month. During the month, purchases on account amounted to $18,300. Calculate the payments to suppliers during the month.b. Accounts Receivable had a balance of $10,700 at the beginning of the month and $9,900 at the end of the month. Cash collected from customers totaled $38,000 during the month. Calculate credit sales during the month, assuming that all sales were made on account.

Answer 1

Answer:

Payment to suppliers was $ 17,100

Credit sales was $37,200

Explanation:

Please refer to the attached for working.