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Account Balances a. During February, $95,880 was paid to creditors on account, and purchases on account were $122,730. Assuming the February 28 balance of Accounts
Account Balances a. During February, $95,880 was paid to creditors on account, and purchases on account were $122,730. Assuming the February 28 balance of Accounts Payable was $41,230, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $29,200. During October, $254,000 was collected from customers on account. Assuming the October 31 balance was $33,600, determine the fees billed to customers on account during October. $ c. On April 1, the cash account balance was $17,750. During April, cash receipts totaled $269,800 and the April 30 balance was $12,780. Determine the cash payments made during April
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