Business, 17.04.2020 00:33 tubby3229

Exercise 2-6 Analyzing account entries and balances LO A1 Use the information in each of the following separate cases to calculate the unknown amount. Corentine Co. had $156,000 of accounts payable on September 30 and $134,500 on October 31. Total purchases on account during October were $285,000. Determine how much cash was paid on accounts payable during October. On September 30, Valerian Co. had a $104,500 balance in Accounts Receivable. During October, the company collected $104,890 from its credit customers. The October 31 balance in Accounts Receivable was $93,000. Determine the amount of sales on account that occurred in October. During October, Alameda Company had $106,500 of cash receipts and $107,150 of cash disbursements. The October 31 Cash balance was $20,600. Determine how much cash the company had at the close of business on September 30.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:50

Steffi is reviewing various licenses and their uses. match the licenses to their respective uses. you are eligible to work within the state. you are eligible to sell limited investment securities. you are eligible to sell fixed income investment products. your compensation is fee based. section 6 section 7 section 63 section 65

Answers: 3

Answer

Business, 22.06.2019 11:20

Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?

Answers: 2

Answer

Business, 22.06.2019 22:00

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?

Answers: 3

Answer

Business, 23.06.2019 02:30

The wall street journal reported that over a recent five-month period, a downturn in the economy has caused endowments to decline 23%. what is the estimate of the dollar amount of the decline in the total endowments held by these 10 universities (to the nearest billion)?

Answers: 3

Answer

You know the right answer?

Exercise 2-6 Analyzing account entries and balances LO A1 Use the information in each of the followi...

Questions