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3: (10 Points): Solve the following: (This should look very familiar to youl) A: During February, $83,790 was paid to creditors on account, and purchases
3: (10 Points): Solve the following: (This should look very familiar to youl) A: During February, $83,790 was paid to creditors on account, and purchases on account were $107,250. Assuming the February 28 balance of Accounts Payable was $36,030, determine the account balance on February 1. B: On October 1 , the accounts recelvable account balance was $46,000. During October, $400,200 was collected from customers on account. Assuming the October 31 balance was $52,900, determine the fees billed to customers on account during October. C: On April 1, the cash account balance was $13,400. During April, cash receipts totaled $203,680 and the April 30 balance was $9,650. Determine the cash payments made during April
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