Showing the t-account work, use t-accounts to solve for the missing amounts.
1.AP had a balance of $4,000 at the beginning of the month and $4,400 at the end of the month.During the month, purchases on account amounted to $7,100. Calculate the payments to suppliers during the month.
2.AR had a balance of $31,400 at the beginning of the month and $29,800 at the end of the month. Cash collected from the customers totaled $86,000 during the month. Calculate credit sales during the month, assuming that all sales were made on account.
3.The supplies account had a balance of $2,200 at the beginning of the month and $2,600 at the end of the month. The cost of the supplies purchased during the month was $4,900. Calculate the cost of the supplies used during the month.
4.Wages payable had a balance of $6,800 at the end of the month. During the month, $38,000 of wages were paid to employees. Wages expense accrued during the month totaled $39,500.Calculate Wages Payable at the beginning of the month.