Account Balances a. During February, $94,220 was paid to creditors on account, and purchases on account were $120,600. Assuming the February 28 balance of Accounts Payable was $40,510, determine the account balance on February 1. $ 14,130 b. On October 1, the accounts receivable account balance was $29,900. During October, $260,100 was collected from customers on account. Assuming the October 31 balance was $34,400, determine the fees billed to customers on account during October $230,200 x c. On April 1, the cash account balance was $20,360. During April, cash receipts totaled $309,470 and the April 30 balance was $14,660. Determine the cash payments made during April Check My Work Set up a Taccount 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 bilied to customers increases Accounts Receivable and amounts collected from customers decreases Accounts Receivable . Set up a account for cash. Receipts of cash are increases and payments are decreases to the cash account