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Account Balances a. During February, $81,180 was paid to creditors on account, and purchases on account were $103,910. Assuming the February 28 balance of Accounts
Account Balances a. During February, $81,180 was paid to creditors on account, and purchases on account were $103,910. Assuming the February 28 balance of Accounts Payable was $34,910, determine the account balance on February 1. $ b. On October 1, the accounts receivable account balance was $33,200. During October, $288,800 was collected from customers on account. Assuming the October 31 balance was $38,200, determine the fees billed to customers on account during October. c. On April 1, the cash account balance was $23,460. During April, cash receipts totaled $356,590 and the April 30 balance was $16,890. Determine the cash payments made during April
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