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a. During February, $86,420 was paid to creditors on account, and purchases on account were $110,620. Assuming that the February 28 balance of Accounts Payable
a. During February, $86,420 was paid to creditors on account, and purchases on account were $110,620. Assuming that the February 28 balance of Accounts Payable was $37,160, determine the account balance on February 1 . $ b. On October 1 , the accounts receivable account balance was $49,100. During October, $427,200 was collected from customers on account. Assuming that the October 31 balance was $56,500, determine the fees billed to customers on account during October. $ c. On April 1 , the cash account balance was $21,260. During April, cash receipts totaled $323,150 and the April 30 balance was $15,310. Determine the cash payments made during April
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