Question
a. During February, $84,030 was paid to creditors on account, and purchases on account were $107,560. Assuming that the February 28 balance of Accounts Payable
a. During February, $84,030 was paid to creditors on account, and purchases on account were $107,560. Assuming that the February 28 balance of Accounts Payable was $36,130, determine the account balance on February 1. $fill in the blank 1
b. On October 1, the accounts receivable account balance was $30,800. During October, $268,000 was collected from customers on account. Assuming that the October 31 balance was $35,400, determine the fees billed to customers on account during October. $fill in the blank 2
c. On April 1, the cash account balance was $13,630. During April, cash receipts totaled $207,180 and the April 30 balance was $9,810. Determine the cash payments made during April. $fill in the blank 3
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