Question
account balance: a. During February, $77,170 was paid to creditors on account, and purchases on account were $98,780. Assuming the February 28 balance of Accounts
account balance:
a.During February, $77,170 was paid to creditors on account, and purchases on account were $98,780. Assuming the February 28 balance of Accounts Payable was $33,180, determine the account balance on February 1.
$
b.On October 1, theaccounts receivableaccount balance was $46,900. During October, $408,000 was collected from customers on account. Assuming the October 31 balance was $53,900, determine the fees billed to customers on account during October.
$
c.On April 1, the cash account balance was $23,020. During April, cash receipts totaled $349,900 and the April 30 balance was $16,570. Determine the cash payments made during April.
$
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