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a. During February, $90,880 was paid to creditors on account, and purchases on account were $116,330. Assuming the February 28 balance of Accounts Payable was
a. During February, $90,880 was paid to creditors on account, and purchases on account were $116,330. Assuming the February 28 balance of Accounts Payable was $39,080, determine the account balance on February 1. X b. On October 1 , the accounts receivable account balance was $40,200. During October, $349,700 was collected from customers on account. Assuming the October 31 balance was $46,200, determine the fees billed to customers on account during October. x c. On April 1, the cash account balance was $17,070. During April, cash receipts totaled $259,460 and the April 30 balance was $12,290. Determine the cash payments made during April. x
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