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Account Balances a. During February, $89,560 was paid to creditors on account, and purchases on account were $114,640. Assuming that the February 28 balance of
Account Balances a. During February, $89,560 was paid to creditors on account, and purchases on account were $114,640. Assuming that the February 28 balance of Accounts Payable was $38,510, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $38,400. During October, $334,100 was collected from customers on account. Assuming that the October 31 balance was $44,200, determine the fees billed to customers on account during October. c. On April 1, the cash account balance was $19,070. During April, cash receipts totaled $289,860 and the April 30 balance was $13,730. Determine the cash payments made during April
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