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can you help me with this work Account Balances a. During February, $87,930 was paid to creditors on account, and purchases on account were $112,550.
can you help me with this work
Account Balances a. During February, $87,930 was paid to creditors on account, and purchases on account were $112,550. Assuming the February 28 balance of Accounts Payable was $37,810, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $49,200. During October, $428,000 was collected from customers on account. Assuming the October 31, balance was $56,600, determine the fees billed to customers on account during October c. On April 1, the cash account balance was $16,500. During April, cash receipts totaled $250,800 and the April 30 balance was $11,880, Determine the cash payments made during April Ranger Co. Unadjusted Trial Balance August 31, 20Y1 Debit Balances 45,120 Credit Balances Cash 21,210 7,630 7,100 Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Rent Common Stock 12,360 2,750 25,910 51,700 Retained Earnings Dividends Step by Step Solution
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