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a. During February, $75,680 was paid to creditors on account, and purchases on account were $96,870. Assuming that the February 28 balance of Accounts Payable

image text in transcribed a. During February, $75,680 was paid to creditors on account, and purchases on account were $96,870. Assuming that the February 28 balance of Accounts Payable was $32,540, determine the account balance on February 1 . $ b. On October 1 , the accounts receivable account balance was $48,900. During October, $425,400 was collected from customers on account. Assuming that the October 31 balance was $56,200, determine the fees billed to customers on account during October. $ c. On April 1, the cash account balance was $20,240. During April, cash receipts totaled $307,650 and the April 30 balance was $14,570. Determine the cash payments made during April

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