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Account Balances a. During February, $93,140 was paid to creditors on account, and purchases on account were $119,220. Assuming the February 28 balance of Accounts

image text in transcribed Account Balances a. During February, $93,140 was paid to creditors on account, and purchases on account were $119,220. Assuming the February 28 balance of Accounts Payable was $40,050, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $38,600. During October, $335,800 was collected from customers on account. Assuming the October 31 balance was $44,400, determine the fees billed to customers on account during October. c. On April 1, the cash account balance was $20,780. During April, cash receipts totaled $315,860 and the April 30 balance was $14,960. Determine the cash payments made during April

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