Account balances a. During February, $92,330 was paid to creditors on account, and purchases on account were $118,180. Assuming the February 28 balance of Accounts Payable was $39,700, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $49,000. During October, $426,300 was collected from customers on account. Assuming the October 31 balance was $56,300, determine the fees billed to customers on account during October. c. On April 1, the cash account balance was $16,100. During April, cash receipts totaled $244,720 and the April 30 balance was $11,590. Determine the cash payments made during April. Feedback Check My Work a. Set up a T account for Accounts Payable. Purchases on account increase Accounts Payable and payments to creditors decrease Accounts Payable. b. Set up a T account for Accounts Receivable. Fees billed to customers increases Accounts Receivable and amounts collected from customers decreases Accounts Receivable. c. Set up a T account for Cash. Receipts of cash are increases and payments are decreases to the cash account.

a. During february, $92,390 was paid to creditors on account, and purchases on account were $118,180. Assuming the februacy 28 balance of Accounts Payable was $39,700, determine the account balance on February 1. b. On October 1 , the accounts receivable account balance was $49,000. During October, $426,300 was collected from customers on account. Assuming the October 31 balance was $56,300, determine the fees billed to customers on account during October. c. On April 1, the cash account balance was $16,100. During April, Cash receipts totaled $244,720 and the April 30 balance was $11,590, Determine the cash poyments made durino April. resocock Fonck My WoN a. Set up a T account for Accounts Payatie. Punchases on acoount increase Acocunts Payabie and puyments to crediors decrease Accounts Payabio. b. 5 et up a T account for Nccounts Recolvable. Fees billed wo caslomers increases Accounta Recelvable and amouns colected from castomers decteases Accounts Receivatele. c. Set up a T account for Cash. Receipts of cash are increases and poyments are decroases to vie cash account