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Account Balances a. During February, $79,600 was paid to creditors on account, and purchases on account were $101,890. Assuming the February 28 balance of
Account Balances a. During February, $79,600 was paid to creditors on account, and purchases on account were $101,890. Assuming the February 28 balance of Accounts Payable was $34,230, determine the account balance on February 1. 11,940 b. On October 1, the accounts receivable account balance was $29,000. During October, $252,300 was collected from customers on account. Assuming the October 31 balance was $33,400, determine the fees billed to customers on account during October c. On April 1, the cash account balance was $17,370. During April, cash receipts totaled $264,020 and the April 30 balance was $12,510. Determine the cash payments made during April.
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