During February, $188,750 was paid to creditors on account, and purchases on account were $201,350. ASsuming the February 28 balance of Accounts Payable was $58,000, determine the account balance on February 1. $ On October 1, the accounts receivable account balance was $116,740. During October, $449,300 was collected from customers on account. Assuming the October 31 balance was $131,500 determine the fees billed to customers on account during October. On April 1, the cash account balance was $46,940. During April, cash receipts totaled $249,200 and the April 30 balance was $56,450. Determine the cash payments made during April. $ Retained Earnings Account Balance As of January 1, Retained Earnings had a credit balance of $64,300. During the year, dividenc totaled $1,700, and the business incurred a net loss of $90,000. a. Compute the balance of Retained Earnings as of the end of the year $ b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance