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Account Balances a. During February, $90,490 was paid to creditors on account and purchases on account were $115,830. Assuming that the February 28 balance of
Account Balances a. During February, $90,490 was paid to creditors on account and purchases on account were $115,830. Assuming that the February 28 balance of Accounts Payable was $38,910, determine the account balance on February 1 b. On October 1, the accounts receivable account balance was $33,300. During October, $289,700 was collected from customers on account. Assuming that the October 31 balance was $38,900, determine the fees billed to customers on account during October c. On April 4, the cash account balance was $21.990. During April, cash receipts totaled $334,250 and the April 30 balance was $15,830. Determine the cash payments made during April
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