2.17

Account Balances a. During February, $93,150 was paid to creditors on account, and purchases on account were $119,230. Assuming the February 28 balance of Accounts Payable was $40,050, determine the account balance on February 1. b. on October 1, the accounts receivable account balance was $40,000. During October, $348,000 was collected from customers on account. Assuming the October 31 balance was $46,000, determine the fees billed to customers on account during October 6. On April, the cash account balance was $14,310. During April, cash receipts totaled $217,510. and the April 30 balance was 10,300. Determine the cash payments made during April