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a. During February, $82,750 was paid to creditors on account, and purchases on account were $105,920. A5suming the February 28 balance of Accounts Payable was
a. During February, $82,750 was paid to creditors on account, and purchases on account were $105,920. A5suming the February 28 balance of Accounts Payable was $35,580, determine the account balance on February 1 . b. On October 1 , the accounts recelvable account balance was $52,000. During October, $452,400 was collected from customers on account. Assuming the October 31 balance was $59,800, determine the fees billed to customers on account during October. c. On April 1, the cash account balance was $11,800. During April, cash receipts totaled $179,360 and the April 30 balance was $8,500. Determine the cash payments made during April
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