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For each of the following situations, solve for a missing amount:

calculate the cash collected from customers during the month, assuming all sales were made on account.
calculate the cost of supplies purchased during the month.
calculate the balance of wages payable at the end of the month.
option a) $6,960; $2,196; $72
option b) $10,320; $4,356; $4,032
option c) $7,560; $3,480; $5,292
option d) $9,240; $2,160; $1,296

1 Answer

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Final answer:

Insufficient information is provided to calculate the cash collected from customers, the cost of supplies purchased, and the balance of wages payable. Basic accounting principles and specific financial data are necessary for accurate calculations.

Step-by-step explanation:

The question presented involves calculating missing amounts related to business accounting: the cash collected from customers, the cost of supplies purchased, and the end of the month wages payable balance. It requires an understanding of basic accounting principles to solve for these amounts. Unfortunately, the information provided is insufficient to accurately calculate these values. Typically, to calculate cash collected from customers, one would subtract beginning accounts receivable and add ending accounts receivable to the sales made on account. To find the cost of supplies purchased, you would adjust your beginning and ending supplies inventory for the supplies used. To determine wages payable, you would adjust your wages expense for wages already paid during the month. Without specific data on sales, accounts receivable changes, inventory levels, and wage transactions, it's not possible to select the correct option from A, B, C, or D.

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