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  • Use The Information in Each of The Following Separate Cases

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    M Bilal Saleem
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    Corentine Co. had $152,000 in accounts payable on September 30 and $132,500 on October 31. With total purchases of $281,000 in October, the cash paid on accounts payable in October was $152,000 - $132,500 = $19,500. Valerian Co. had accounts receivable of $102,500 on September 30 and collected $102,890 in October with a balance of $89,000 on October 31, so sales on account in October were $102,890 - $102,500 = $390. Alameda Company had cash receipts of $102,500 and disbursements of $103,150 in October with a

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    Corentine Co. had $152,000 in accounts payable on September 30 and $132,500 on October 31. With total purchases of $281,000 in October, the cash paid on accounts payable in October was $152,000 - $132,500 = $19,500. Valerian Co. had accounts receivable of $102,500 on September 30 and collected $102,890 in October with a balance of $89,000 on October 31, so sales on account in October were $102,890 - $102,500 = $390. Alameda Company had cash receipts of $102,500 and disbursements of $103,150 in October with a

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    4 views1 page

    Use The Information in Each of The Following Separate Cases

    Uploaded by

    M Bilal Saleem
    Corentine Co. had $152,000 in accounts payable on September 30 and $132,500 on October 31. With total purchases of $281,000 in October, the cash paid on accounts payable in October was $152,000 - $132,500 = $19,500. Valerian Co. had accounts receivable of $102,500 on September 30 and collected $102,890 in October with a balance of $89,000 on October 31, so sales on account in October were $102,890 - $102,500 = $390. Alameda Company had cash receipts of $102,500 and disbursements of $103,150 in October with a

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    © All Rights Reserved
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    Use the information in each of the following separate cases

    Use the information in each of the following separate cases to calculate the unknown amount.a.
    Corentine Co. had $152,000 of accounts payable on September 30 and $132,500 on October
    31. Total purchases on account during October were $281,000. Determine how much cash was
    paid on accounts payable during October.b. On September 30, Valerian Co. 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 account 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.View Solution:
    Use the information in each of the following separate cases
    SOLUTION-- http://expertanswer.online/downloads/use-the-information-in-each-of-the-following-
    separate-cases/

    See Answer here expertanswer.online


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